Average apartment rent in May

According to Tokyo Kantei, the average monthly rent of an apartment in greater Tokyo in May increased by 0.1% from last month to 2,530 Yen per square meter. In Tokyo City, the average monthly rent in May was 2,979 Yen/sqm, up just 1 Yen from last month, but 2.2% higher than it was in May 2012. The average rent in Tokyo’s 23 wards was 3,086 Yen/sqm, up 0.1% from last month and 2.2% from last year.

The average monthly rent in Osaka City was 2,090 Yen/sqm, up 0.1% from last month and 7.0% higher than last year.

*Data is based on the average advertised rent of a condominium, which may be higher than the rent after negotiations. It does not include apartments less than 30sqm in size.

Source: Tokyo Kantei, June 13, 2013.

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