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.