Average apartment rent in March 2017

According to Tokyo Kantei, the average monthly rent of a condominium apartment in greater Tokyo in March was 2,681 Yen/sqm, up 0.6% from the previous month and up 3.6% from last year. The average apartment size was 60.35 sqm and the average building age was 20.0 years.

In the Tokyo metropolitan area, the average monthly rent was 3,180 Yen/sqm, up 0.4% from the previous month but down 1.1% from last year. The average apartment size was 58.16 sqm and the average building age was 18.3 years.

In Tokyo’s 23 wards, the average monthly rent was 3,342 Yen/sqm, up 0.4% from the previous month but down 0.4% from last year. The average apartment size was 57.72 sqm and the average building age was 17.6 years.

Average monthly rent per sqm in March 2017:

Tokyo 23 wards 3,342 Yen (+0.4% from Feb. 2017; -0.4% from Mar. 2016)
Yokohama City 2,318 Yen (+5.6%; +6.6%)
Saitama City 1,786 Yen (+1.2%; +1.9%)
Chiba City 1,535 Yen (+1.9%; +2.5%)
Osaka City 2,314 Yen (-0.2%; 0.0%)
Kobe City 1,795 Yen (-0.1%; -3.4%)
Nagoya City 1,688 Yen (+0.4%; -1.7%)

 

*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, April 17, 2017.