Average apartment rent in February 2017

According to Tokyo Kantei, the average monthly rent of a condominium-type apartment in greater Tokyo was 2,666 Yen/sqm in February 2017, down 0.6% from the previous month but up 5.5% from last year. The average apartment size was 60.09 sqm and the average building age was 20.4 years.

In the Tokyo metropolitan area the average monthly rent was 3,166 Yen/sqm, down 0.6% from the previous month but up 0.2% from last year. The average apartment size was 57.82 sqm and the average building age was 18.5 years.

In Tokyo’s 23 wards the average monthly rent was 3,328 Yen/sqm, down 0.1% from the previous month but up 0.6% from last year. The average apartment size was 57.23 sqm and the average building age was 17.8 years.

Average monthly rent per sqm in February 2017:

Tokyo 23 wards 3,328 Yen (-0.1% from Jan. 2017; +0.6% from Feb. 2016)
Yokohama City 2,195 Yen (+1.5%; +1.1%)
Saitama City 1,765 Yen (-3.6%; +3.5%)
Chiba City 1,507 Yen (+1.7%; +2.1%)
Osaka City 2,319 Yen (+1.6%; +5.1%)
Kobe City 1,796 Yen (+1.5%; -4.4%)
Nagoya City 1,682 Yen (+0.5%; -1.5%)

*Data is based on the average advertised rent of family-type condominiums which may be higher than actual rent after negotiations. It does not include apartments less than 30 sqm in size, commercial or retail spaces.

Source: Tokyo Kantei, March 16, 2017.