Average apartment rent in July 2017

According to Tokyo Kantei, the average monthly rent of a condominium-type apartment across greater Tokyo in July 2017 was 2,631 Yen/sqm, up 0.5% from the previous month but down 0.8% from last year. The average apartment size was 60.03 sqm and the average building age was 20.8 years.

In the Tokyo metropolitan area the average monthly rent was 3,141 Yen/sqm, up 0.4% from the previous month but down 0.1% from last year. The average apartment size was 57.19 sqm and the average building age was 19.1 years.

In Tokyo’s 23 wards, the average monthly rent was 3,302 Yen/sqm, up 0.3% from the previous month but down 0.1% from last year. The average apartment size was 56.56 sqm and the average building age was 18.3 years.

Average monthly rent per sqm in July 2017:

Tokyo 23 wards 3,302 Yen (+0.3% from Jun. 2017; -0.1% from Jul. 2016)
Yokohama City 2,314 Yen (-0.9%; +7.6%)
Saitama City 1,861 Yen (-1.4%; +7.9%)
Chiba City 1,483 Yen (+1.2%; -3.6%)
Osaka City 2,305 Yen (-1.5%; -1.9%)
Kobe City 1,757 Yen (-1.7%; -5.3%)
Nagoya City 1,756 Yen (-0.8%; +2.7%)

 

*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, August 16, 2017.