average rent in tokyo

Rent for a two-bedroom apartment with a kitchen (2K) costs ¥149,400 in Chiyoda Ward but just ¥65,600 in Adachi Ward. Although sizes may vary depending on your selection of bedrooms,Tokyo apartment is start from 11m² and could go up to 101m². Although the spread across the wards doesn’t quite reach as low as half price for 1K rents, for all our other categories it does. Once the reference point has been established, the Price Index value of every other city in the database is calculated by comparing their cost of living to the cost of living in Prague. Outside of central Tokyo, housing costs are distinctly lower, especially in the suburbs, surrounding prefectures and in other regions and … The average rent per sqm was 2,936yen/sqm. Just hover your mouse over a neighbourhood and adjust the room size slider to find the estimated average rent in that particular area. The average monthly office rent per tsubo in Tokyo's main business districts amounted to approximately 22 thousand Japanese yen as of December 2020, … In this installment of our series on “what is the average rent in Tokyo” we zoom in on the least expensive stations on the Yamanote line. Accommodation is undoubtedly a student’s single biggest expense other than tuition fees. According to the Savills research, even rents in humble Katsushika grew in the first quarter–by almost 10.0 percent on quarter! Tokyo Metropolis is the capital and most populous prefecture of Japan. Before we start you should know that terms for Japanese apartment layouts are different from what you might be used to. One explanation for the year-on-year decrease in Minato and Chiyoda wards is that due to high demand for rental housing in central Tokyo and demographic changes leading to smaller and smaller household sizes, rental units in central areas are actually decreasing in size, as builders squeeze smaller apartments into a limited amount of conveniently located areas. The Yamanote, which has 30 stations, is the iconic loop line that goes around central Tokyo. In fourth place, though it is not considered to be in the center, Meguro Ward pops in. Guesthouses 3. As well as Shinjuku Ward, these are all neighbors of the central group: Shinagawa Ward is next to Minato Ward, Koto Ward connects to Chuo Ward and covers much of the bay area, while Bunkyo and Taito Wards border on Chiyoda Ward, as well as each other. Winter in Japan means cold toes and high energy bills. Ending the ranking – and making them the cheapest places to live in Tokyo by ward – are the most outer-lying wards of Edogawa, Katsushika, and Adachi. (Meguro station, which is actually just over the border in Shinagawa, jumps in at seventh spot for both.). Shared Houses. It surrounds the center of the city and connects most of its major stations and urban centers. According to a publication from Mansion Market Lab (マンションくらし研究所), the rent for someone living by themselves (based on 1K/1DK 13-35㎡) in Tokyo’s 23 wards is 80,000 yen (about US$730). Explains the main legal issues in Japanese real estate investment. Living further away from a train station will also save you money. Good luck with your search! In 2012, the average rent in Tokyo’s 23-ku was getting close to falling below 3,000 Yen/sqm, but by 2013 it began to climb upwards again. The average rent has … Minato Ward tops with an average monthly rent of ¥132,300, Chiyoda Ward is second at ¥130,600, followed by Chuo Ward at ¥124,100 and ¥117,000 in Shibuya Ward. Prices drop once apartments get more than 10 minutes away from a station. If you choose a reliable train line and a biggish station, there’s not much difference in lifestyle. We only look at data for mansion-type apartments, which are newer-construction steel-reinforced buildings. In Japan, studio apartments are called one-room apartments and abbreviated as 1R. Global real estate firm Savills, citing the continued popularity of central living and a steady national economy, says “rents should continue to rise in the 23W (wards), and perhaps more rapidly in the C5W, where supply is tighter and demand is stronger.”. https://blog.gaijinpot.com/how-much-is-the-average-rent-in-tokyo-in-2019 The least expensive wards in terms of average rent are located in northern Tokyo. Prices drop once apartments get more than 10 minutes away from a station. Chiyoda Ward tops the list with a monthly rent of ¥123,800 for an apartment with one bedroom and a kitchen, labeled a 1K in Japanese real estate terminology. The Tokyo Metropolitan Government estimates the capital’s population will peak at ¥13.98 million in 2025. 10 min read. Koto (which means “East Bay”) ward is located to the east of the city center, bounded on the west by the Sumida River and to the east by the Arakawa River. Shared houses are easy to come by in the city and are pretty low-cost. So what’s a renter to do? This is borne out by the significant year-on-year decrease in apartment floor sizes in Minato (-9.73% to 41.28 square meters) and Chiyoda (-27.25% to 34.18) wards. The average apartment size was 55.49 sqm (597 sq.ft) and the average building age was 17.6 years. Take a deep dive into Japanese culture with Japanese TV! However average Cost of living in Tokyo for family and couple is $3359 for students is $65 and for bachelor is $1195. ), kitchens with no more than a metal basin for a sink and a faucet sticking out of the tiled wall. By GaijinPot Blog Although the order is somewhat different, the next set of five wards for both 1R and 1K apartments are the same. Make the process simple with our foreigner-friendly listings and bilingual moving services. But as the saying goes, location is (almost!) Is an apartment on Tokyo's Oimachi line right for you? Consequently, if you want the advantage of living on the Yamanote, without breaking the bank, go north. Just like any other city, if you want to live in the center of it all, you have to pay a premium. Rent-wise that means that, for the time being at least, the only way is up. By Aaron Baggett However, rents can differ greatly among the metropolis’ various neighborhoods, meaning that you can find a two-bedroom apartment with rent as low as ¥85,100—if you know where to look. Tabata is the only Yamanote line station in Kita Ward. This is the first time in 4 years that the average annual rent has seen an increase. This is the 4th month in a row to record a year-on-year increase. Tokyo is a big city with thousands of neighborhoods, so it can be misleading to give a city-wide average in answer to the question of “What is the average rent in Tokyo? 1DK, and in fifth place for a studio apartment, at ¥105,400. Source: REINS. By Kirsty Kawano University-owned dormitories 2. 7 min read. Cost of Living in Tokyo. Tokyo 23 wards average rent by ward for April to June 2015. Located at the head of Tokyo Bay, the prefecture forms part of the Kantō region on the central Pacific coast of Japan’s main island, Honshu. We introduce primary expat areas in Tokyo, the average rental rates per size of unit, and recommended rental properties for expats with English-speaking services. Browse our comprehensive listings and find your ideal apartment in Tokyo and Japan! Prices in the capital range from a single room in shared housing for about 20,000 JPY (190 USD) per month to over 150,000 JPY (1,400 USD) for a private apartment. However in Japan there is a STARK difference between a ‘new’ apartment and an ‘old’ one, you feel literally like you’ve gone from 1920 to 2000. This is the heartland of Japanese business, politics, and bureaucracy. Explore Greater Tokyo’s many train lines here. Old apartments have rice mat floors (tatami) wood frame, sliding paper doors, Japanese toilet (ugh! Another approach to apartment hunting is to search by train line. This constituted an increase of … The next set of five wards are predominantly the remaining ones that lie adjacent to the central wards: Sumida, Nakano, Toshima, Setagaya. Photo: Japanese cafe Metabirds on SecondLife. of 0.86% in cost per square meter for Tokyo’s 23 wards as a whole. We recently posted an article with data showing that the average rent in Tokyo’s 23 wards is at the highest point since the global financial crisis. The Olympic Village itself is slated to be located in the Tokyo Bay area. One of the most useful lines is Japan Railway’s Yamanote loop line. Along with the slightly higher-ranking Mejiro, Shin-Okubo station has no other connecting train line. everything in real estate. 5 min read, what you need to rent an apartment in Japan, Four Ways to Insulate Your Japanese Apartment and Save Money, Best Train Lines for Living in Tokyo: The Oimachi Line, The Best TV Shows in Japan to Study Japanese. Tokyo is 10.96% less expensive than New York (without rent, see our cost of living index ). Typically you’ll see a combination of numbers and letters to indicate how many rooms there are in total e.g., 1K = 1 room and a kitchen, 3DK = 3 rooms, a dining room, and a kitchen. However, rent can vary from cheap tiny apartments of around 10 square meters to exorbitantly priced luxury apartments in prime districts. However, rents can differ greatly among the metropolis’ various neighborhoods, meaning that you can find a two-bedroom apartment with rent as low as ¥85,100—if you know where to look. Follow these simple tips to insulate your apartment and keep your toes and wallet happy. You can check what other train lines service the Yamanote line stations here. Learn why rent in Adachi Ward is half of that in Chiyoda Ward, why the size of your apartment might matter more than the location, and who's driving up rent prices in the capital. You could also try to cut down on the costs involved around what you need to rent an apartment in Japan by searching for apartments that don’t require key money or seeking out a Japanese guarantor rather than paying a company. The ideal commute would take you swiftly to and from work and other favorite spots, too. It encompasses part of Odaiba and Tokyo Bay. Koto Ward in Tokyo. the average rent for a one bedroom apartment in Osaka will be around ¥50,000 or $500 a month. Please see the chart below for detailed data by ward. List of prices in Tokyo (Japan) for food, housing, transportation, going out, and more on Feb 2021. ” Across the Tokyo 23 Wards, the average rent for an apartment is about ¥97,000 (899 USD), but one golden mantra of real estate is “location, location, location.” Note that rent prices are per month, before utilities and other maintenance costs. How big is a Tokyo apartment? The median studio apartment rent here is ¥74,900 and median 1K rent is ¥82,000, both in Kita Ward, which includes Tabata station on the Yamanote line. The next five are roughly two steps removed from the central area and include the Arakawa, Kita and Suginami wards. This average rent represents a year-on-year decrease of 2.0% and a decrease of 0.86% in cost per square meter for Tokyo’s 23 wards as a whole. Get the latest properties and articles in your Inbox. Shibuya Ward comes in next, at ¥119,100, followed by Minato Ward at ¥117,500, based on figures collated from data on Japanese online real estate companies’ websites. In Japan, a “studio apartment” can be a 1R, 1K or 1DK. The average rent per square meter for an apartment in Tokyo’s 23 wards in November was 3,306 yen (about $2.54 per square feet), the 35th consecutive month of year-on-year increases, based on Real Estate Japan’s analysis of data recently released by Tokyo Kantei. Renting an apartment in Tokyo (or Japan in general) is typically expensive, with the initial set-up fees costing The average cost for a one bedroom apartment in Tokyo is around ¥80,000 a month. We recently posted an article with data showing that the, average rent in Tokyo’s 23 wards is at the highest point since the global financial crisis, This average rent represents a year-on-year. Rents for all these four stations rank low for all rental sizes, as does Shin-Okubo, in Shinjuku Ward. International students have three options: 1. The central wards lead the rankings for these, too. You could consider living outside the 23 wards. Tokyo Expat Areas and Housing Rate. The analysis above is based on second quarter (April to June) 2015 data from the Real Estate Information Network System (REINS) for Eastern Japan, which reports transactions carried out by its members, who are real estate agents working in the greater Tokyo area. Tokyo For Rent. For both of those rankings, stations in the central wards of Minato, Shibuya, and Chiyoda, fill up almost all of the top ten. It came in at number 10, with apartments for rent in Tokyo at a monthly average of US$1,903 – that’s around ¥203,730 – for a “typical” two-bedroom apartment. According to Tokyo Kantei, the average monthly rent of a condominium in Tokyo’s 23 wards was 3,508 Yen/sqm in March 2018, down 0.5% from the previous month but up 5.0% from last year. Search for apartments for rent in Tokyo on our listing pages. Unsurprisingly, in terms of average rent per month, the five most expensive wards in Tokyo are located in central Tokyo. Average monthly rental costs ; Japan — country average : 1 bed apartment in city centre: ¥86,722.781 bed apartment outside the city centre: ¥59,125.19 3 bed apartment in city centre: ¥ 195,212.293 bed apartment outside the city centre: ¥108,758.63 : Tokyo Most of the information appears in English for the first time. What might be a little surprising is that the average rent in two of these wards (Minato and Chiyoda) actually decreased year-on-year versus the same quarter in 2014. According to REINS, the average rent in Tokyo’s 23 wards for April to June, 2015 was an even 100,000yen (about 887usd) per month. For studio apartments and 1K, 1DK flats, Shimbashi station in Minato Ward tops the average monthly rent list at ¥126,800, closely followed by ¥126,400 at chic Ebisu in Shibuya Ward, and Shibuya station at ¥124,750. The second-cheapest place for one-room apartments is Komagome station, at ¥80,350, and in fourth place, at ¥81,700, is Otsuka. Share houses too are an increasingly popular option; with some interesting options like social apartments that offer a luxury living experience for a fraction of the cost. Private rentingFlat-sharing, while becoming slightly more popular in recent years, is still yet to catch on like it has in the West, and dormitory places are typically limited (if they are available at all). The number of parentheses shows the year-on-year percentage change in average rent: As we wrote in another post, some of the least expensive stations in Tokyo’s 23 wards are located in Adachi ward, where the average rent is 26% lower than the average rent for Tokyo as a whole. In this article, we drill down to see exactly what the average rent is in each of Tokyo’s 23 wards. This Week’s Top 5 Properties, Looking for More Room to Work From Home in Tokyo? Rent tends to differ greatly, which is why it’s important to know the average for each such area if you want to do apartment hunting efficiently. The interactive map shows the average monthly rental price of all the districts in central Tokyo. 3 min read. Published by Statista Research Department, Nov 11, 2020 The average size of condominium units in Tokyo's 23 wards was close to 65 square meters in 2019. This makes Koto the sixth most expensive ward in Tokyo, just behind Meguro. Working some exercise into your daily schedule was part of your plan anyway, right? This Week’s Top 5 WFH Properties, Where to live in Chiba for an Easy Commute to Tokyo and Nishi Funabashi: Gyotoku Station. The average rent here is 112,000yen making it the sixth most expensive ward in Tokyo by average rent. For larger apartments, Harajuku leads with ¥271,700 for rent for 1LDK, 2K and 2DK places, and ¥412,650 for 2LDK and three-bedroom apartments. Differences in lifestyle priorities between renters sees Tokyo station (Chiyoda Ward) ranked 11th place (at ¥180,300) for the mid-sized category, but last (at ¥124,000) for 2LDKs and up. Compare the Cost of Living in Tokyo with any other city in the world. Similarly, Bunkyo Ward, with its reputation for good Japanese schools, ranks 6th for 2K and 5th for 2DK, beating out Meguro Ward, which falls to 8th place in both these categories. How to find apartments for rent in Tokyo? As an example, the train ride from Kameari in Katsushika Ward to Shimbashi in Minato Ward takes about 40 minutes. Rent rises in the central area are being led by three wards in particular; Chiyoda, Chuo and Minato wards. Of course, it depends on what your priorities are which is perhaps the key to all real estate decisions. Rents in the central five wards (C5W) rose by 2.6 percent quarter-on-quarter and 3.2 percent year-on-year in the first period of 2019, Savills says in its Residential Leasing report on the metropolis. It came in at number 10, with apartments for rent in Tokyo at a monthly average of U.S.$1,903 – that’s around ¥203,730 – for a “typical” two-bedroom apartment. Keeping in mind that Japanese companies usually reimburse their employees’ transportation costs, that’s a significant discount for taking a longer commute. Some of the world's most expensive land can be found in central Tokyo, which contributes to its reputation of being an expensive city. Cost Of Rent. The median studio apartment rent here is ¥84,900 and median 1K rent is ¥87,800, both in Toshima Ward, which includes Ikebukuro. A single person estimated monthly costs are 1,185.91$ (125,138.78¥) without rent. If you live near a Yamanote line station, you can conveniently get almost anywhere in Tokyo. Rent per month: $390–$650. rent@housingjapan.com 03-3588-8862 Find apartments to rent in Tokyo, with thousands of listings in prime central locations. For 1Ks, the median is ¥99,700, in Shinagawa Ward. Trends for Tokyo and Kanto For the first quarter of 2015, the average rent in Tokyo’s 23 wards was 97,000yen (about $802) per month. The most expensive Yamanote line stations to live on are ones in the central wards. Feb 16, 2021 The average rental price in Tokyo for apartments are in between 126,749 JPY and 126,749 JPY. The third-cheapest station in this category is Nishinippori, in Arakawa Ward, at ¥81,650. Average apartment rent in Tokyo reaches new record high in April Posted on May 15, 2020 The average monthly rent of a condo-style apartment in Tokyo’s 23 wards saw a slight month-on-month increase of 0.2% in April. Here is a list of the average rent in Tokyo. An influx of families and elderly people to these wards has the Tokyo government predicting the population there will rise beyond 2025, to a collective total of around 635,000 in 2040, up about 40 percent from January 2017. the population [in Chiyoda, Chuo and Minato wards] will rise beyond 2025, to a collective total of around 635,000 in 2040, up about 40% from January 2017. Minato: 4,085 yen/sqm (+0.42% year-on-year), some of the least expensive stations in Tokyo’s 23 wards, are located in Adachi ward, where the average rent is 26% lower than the average rent for Tokyo as a whole, Living in Tokyo on the Yamanote Line: Least Expensive Stations by Rent — 2021 Ranking, Top 5 Places Where Foreigners are Renting Apartments in Tokyo: January 2021 Edition, Need more space to work from home in Tokyo? Both of these stations are in Toshima Ward and just three stops out, or one stop out, of Ikebukuro, respectively. For studio apartment rent, the cheapest is in Katsushika Ward, at ¥59,400, which is less than half the price of Minato Ward studio apartments. For that same type of apartment in Tokyo however that price will go up. Why did average rent decrease in such desirable locations? By Marie Meg The average rent for the 23 wards increased by 2.7 percent on quarter and 3.6 percent year on year. The average rent in Japan varies by city, but the overall national average falls somewhere between 50 to 70,000 JPY (470–650 USD). It’s on both the Yurakucho and Fukutoshin subway lines. Instant matches businesses with the perfect flexible office space in Tokyo. (More on that later.) Setagaya Ward ranks 14th highest for rent for 1R and 1K places, but for larger apartments, it comes in at 9th or 10th, probably because of its popularity among families for its quiet, safety and many parks. To help you get the most out of your rent money, let’s go through the average cost for different neighborhoods in Tokyo, and some tips for finding the right place to live—for the right price. The average rent in Koto ward was 112,000yen in the second quarter of 2015 (a year-on-year increase of 3.7%). The lowest average monthly 1K rent is ¥68,300 in Edogawa Ward. We here provide guidance about residential properties for foreign expats. You can read more about finding an apartment in Japan in our Japan 101: Moving In and Moving Out section. Roughly speaking, the Yamanote line stations with the highest rents are those between Shinjuku (in the west) – down along the southern half that wraps around the most expensive wards – and Ueno (in the east). One reason for rising average rent levels in Koto is the increasing amount of new construction and development in the area related to the 2020 Tokyo Olympics. According to Tokyo Kantei, the average rent of a condominium apartment in greater Tokyo was 2,536 Yen/sqm in 2013. If we look at the average rent per square meter, the most expensive wards in Tokyo are: Another takeaway from this data is Koto ward’s relatively high ranking in the average rent tables. As a general rule of thumb, you can expect to spend over ¥100,000 ($898) a month if you want to live in Central Tokyo. Jul 5, 2019 If that’s somewhat beyond your means, let’s look slightly further afield. Meguro ward’s popularity puts it in fourth place also for one-bedroom apartments with a dining room and kitchen, a.k.a. To help you get the most out of your rent money, let’s go through the average cost for different neighborhoods in Tokyo, and some tips for finding the right place to live—for the right price. Tokyo is the most expensive city in which to rent. In general, average rent is lower outside the Yamanote line. So much so that it is introducing restrictions on the development of family-type apartments, following a surge in the population of young families that is putting a strain on its nurseries and elementary schools. As per the data from our users on costoffling.com website, rental expenses for family and couple is $3294 for students is $0 and for bachelor is $1130. A one-bedroom apartment with a living room, a dining room, and a kitchen costs ¥293,400 a month in Minato Ward, but just ¥95,700 in Katsushika Ward. Within Tokyo’s 23 wards (or local administrative districts) five are considered the center: Chuo Ward, Minato Ward, Chiyoda Ward, Shibuya Ward, and Shinjuku Ward. The cheapest option is Tabata, at ¥77,750 for one-room apartments and ¥112,600 for mid-size rentals. They are also the most expensive places to live in Tokyo. In 2015, about 8… The average apartment had a floor size of 34.55 square meters (about 372 square feet), with an average cost per square meter of 2,895yen/sqm. The most expensive ward in is Minato, where the average rent of 169,000yen (69% higher than the 23-ward average of 100,000yen per month). Known worldwide as an expensive city, it is not surprising that Tokyo makes the list of the world’s highest average monthly rents in Deutsche Bank’s 2019 edition of its annual Mapping the World’s Prices report. We use our expert knowledge of availability around the world to broker serviced offices, find commercial property, leased space and operate managed offices. For studio apartments, the median in this range is ¥97,300 a month, in Shinjuku Ward. Rent would take up a large chunk of the cost of living in Tokyo per month. Feb 19, 2021 Contact our agents to get expert help and quickly move into your new Tokyo home. Location is everything in real estate, right? What are the trends for Tokyo and the surrounding prefectures, compared to the same quarter last year? Tokyo makes the list of the world’s highest average monthly rents. Koto Ward is growing, too. “One year has now elapsed since the C5W surpassed its Q3/2008 level, and 23W rents are now steadily approaching their own high water mark,” Savills says. A train from Shimbashi to Wako City, which is just over the border in Saitama Prefecture, for example, can take as little as 40 minutes. You can get yourself a double room for a couple for less than $650 a month — that’s including bills and internet. This area lies right alongside Shibuya Ward, is cultured and trendy, and has the most popular Tokyo train line running right through it, the Yamanote Line. Price Index: To calculate each city's Price Index value, we start by assigning a value of 100 to a central reference city (that happens to be Prague). Depending on exactly where you look in Tokyo, the average rent may have decreased on a year-on-year basis, or increased much more than the overall average for the city as a whole. Feb 18, 2021 Tokyo Apartments, Tokyo apartment and house rental listings and information especially for expatriates, provided by Ken Corporation Ltd. More than 3,000 listings include luxury house for executives, high-rise apartment like Roppongi Hills, and various type of properties in fine location. The size for that price will be anywhere from 20 to 30 m². Prices drop down to something more like … Before we start you should know that terms for Japanese … https://resources.realestate.co.jp/rent/what-is-the-average-rent-in-tokyo-by-ward The number in parentheses shows the year-on-year percentage change in average rent. A one-bedroom apartment with a living room, a dining room, and a kitchen costs ¥293,400 a month in Minato Ward, but just ¥95,700 in Katsushika Ward. Summary about cost of living in Tokyo, Japan: Family of four estimated monthly costs are 4,263.71$ (449,912.67¥) without rent (using our estimator). Median is ¥99,700, in Shinjuku Ward not much difference in lifestyle and Moving out section connecting... And urban centers rent, see our cost of living on the Yamanote line stations here simple tips to your. Estimated monthly costs are 1,185.91 $ ( 125,138.78¥ ) without rent, see our cost of living on the line... Is start from 11m² and could go up prime central locations be used to out! 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