Average apartment rent in April 2017

According to Tokyo Kantei, the average monthly rent of a condominium apartment across greater Tokyo in April 2017 was 2,654 Yen/sqm, down 1.0% from the previous month and down 0.5% from last year. The average apartment size was 60.29 sqm and the average building age was 20.2 years.

In the Tokyo metropolitan area, the average monthly rent was 3,158 Yen/sqm, down 0.7% from the previous month but up 0.1% from last year. The average apartment size was 57.69 sqm and the average building age was 18.4 years.

In Tokyo’s 23 wards, the average monthly rent was 3,321 Yen/sqm, down 0.6% from the previous month but up 0.4% from last year.

Average monthly rent per sqm in April 2017:

Tokyo 23 wards 3,321 Yen (-0.6% from Mar. 2017; +0.4% from Apr. 2016)
Yokohama City 2,265 Yen (-2.3%; +4.0%)
Saitama City 1,845 Yen (+3.3%; +4.7%)
Chiba City 1,510 Yen (-1.6%; 0.0%)
Osaka City 2,298 Yen (-0.7%; -2.5%)
Kobe City 1,824 Yen (+1.6%; -1.6%)
Nagoya City 1,673 Yen (-0.9%; -4.7%)

 

*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, May 18, 2017.