Average apartment rent in May 2017

According to Tokyo Kantei, the average monthly rent of a condominium-type apartment across greater Tokyo in May 2017 was 2,633 Yen/sqm, down 0.8% from the previous month and down 1.1% from last year. The average apartment size was 59.94 sqm and the average building age was 20.2 years.

In the Tokyo metropolitan area, the average monthly rent was 3,140 Yen/sqm, down 0.6% from the previous month and down 0.8% from last year. The average apartment size was 57.28 sqm and the average building age was 18.3 years.

In Tokyo’s 23 wards, the average monthly rent was 3,299 Yen/sqm, down 0.7% from the previous month but up 0.2% from last year. The average apartment size was 56.73 sqm and the average building age was 17.6 years.

Average monthly rent per sqm in May 2017:

Tokyo 23 wards3,299 Yen (-0.7% from Apr. 2017; +0.2% from May 2016)
Yokohama City2,252 Yen (-0.6%; +5.9%)
Saitama City1,778 Yen (-3.6%; -0.2%)
Chiba City1,492 Yen (-1.2%; +1.2%)
Osaka City2,350 Yen (+2.3%; -1.3%)
Kobe City1,813 Yen (-0.6%; -2.2%)
Nagoya City1,682 Yen (+0.5%; -2.8%)

 

*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, June 15, 2017.

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