Average apartment rent in April 2016

Japan Apt Rent Apt2016

According to Tokyo Kantei, the average monthly rent of a condominium in greater Tokyo was 2,666 Yen/sqm in April, up 3.0% from the previous month and up 2.5% from last year. The average apartment size was 59.21 sqm and the average building age was 19.0 years.

In the Tokyo metropolitan area, the average monthly rent was 3,156 Yen/sqm, down 1.9% from the previous month but up 1.2% from last year. The average apartment size was 56.51 sqm and the average building age was 17.3 years.

In Tokyo’s 23 wards, the average monthly rent was 3,307 Yen/sqm, down 1.4% from the previous month but up 2.1% from last year. The average apartment size was 55.94 sqm and the average building age was 16.7 years.

Average monthly rent per sqm in April 2016:

Tokyo 23 wards 3,307 Yen (-1.4% from Mar. 2016; +2.1% from Apr. 2015)
Yokohama City 2,178 Yen (+0.2%; +1.5%)
Saitama City 1,763 Yen (+0.6%; -2.3%)
Chiba City 1,510 Yen (+0.9%; +4.6%)
Osaka City 2,356 Yen (+1.8%; +9.5%)
Kobe City 1,853 Yen (-0.3%; +3.4%)
Nagoya City 1,755 Yen (+2.2%; +2.2%)

*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 19, 2016.

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