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. 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. 10 min read. 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. Rent would take up a large chunk of the cost of living in Tokyo per month. You can read more about finding an apartment in Japan in our Japan 101: Moving In and Moving Out section. 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. 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). 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. Browse our comprehensive listings and find your ideal apartment in Tokyo and Japan! 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. 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. Some of the world's most expensive land can be found in central Tokyo, which contributes to its reputation of being an expensive city. As a general rule of thumb, you can expect to spend over ¥100,000 ($898) a month if you want to live in Central Tokyo. rent@housingjapan.com 03-3588-8862 Find apartments to rent in Tokyo, with thousands of listings in prime central locations. An influx of families and elderly people to these wards has the Tokyo government predicting the population there will rise beyond 2025, to a collective total of around 635,000 in 2040, up about 40 percent from January 2017. the population [in Chiyoda, Chuo and Minato wards] will rise beyond 2025, to a collective total of around 635,000 in 2040, up about 40% from January 2017. By Marie Meg You could consider living outside the 23 wards. Tokyo is the most expensive city in which to rent. everything in real estate. For that same type of apartment in Tokyo however that price will go up. Koto (which means “East Bay”) ward is located to the east of the city center, bounded on the west by the Sumida River and to the east by the Arakawa River. According to the Savills research, even rents in humble Katsushika grew in the first quarter–by almost 10.0 percent on quarter! The lowest average monthly 1K rent is ¥68,300 in Edogawa Ward. In Japan, a “studio apartment” can be a 1R, 1K or 1DK. The second-cheapest place for one-room apartments is Komagome station, at ¥80,350, and in fourth place, at ¥81,700, is Otsuka. Cost Of Rent. The Olympic Village itself is slated to be located in the Tokyo Bay area. https://resources.realestate.co.jp/rent/what-is-the-average-rent-in-tokyo-by-ward Note that rent prices are per month, before utilities and other maintenance costs. The average rent has … For 1Ks, the median is ¥99,700, in Shinagawa Ward. Shared houses are easy to come by in the city and are pretty low-cost. Tokyo For Rent. If you choose a reliable train line and a biggish station, there’s not much difference in lifestyle. A single person estimated monthly costs are 1,185.91$ (125,138.78¥) without rent. 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). Old apartments have rice mat floors (tatami) wood frame, sliding paper doors, Japanese toilet (ugh! Contact our agents to get expert help and quickly move into your new Tokyo home. In Japan, studio apartments are called one-room apartments and abbreviated as 1R. 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. 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). Another approach to apartment hunting is to search by train line. 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. This is the 4th month in a row to record a year-on-year increase. 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. Follow these simple tips to insulate your apartment and keep your toes and wallet happy. This is the first time in 4 years that the average annual rent has seen an increase. The average rent in Koto ward was 112,000yen in the second quarter of 2015 (a year-on-year increase of 3.7%). The average cost for a one bedroom apartment in Tokyo is around ¥80,000 a month. 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. Why did average rent decrease in such desirable locations? 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. Just hover your mouse over a neighbourhood and adjust the room size slider to find the estimated average rent in that particular area. The cheapest option is Tabata, at ¥77,750 for one-room apartments and ¥112,600 for mid-size rentals. Rents for all these four stations rank low for all rental sizes, as does Shin-Okubo, in Shinjuku Ward. 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. This Week’s Top 5 WFH Properties, Where to live in Chiba for an Easy Commute to Tokyo and Nishi Funabashi: Gyotoku Station. 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. Koto Ward in Tokyo. However average Cost of living in Tokyo for family and couple is $3359 for students is $65 and for bachelor is $1195. 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). 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. the average rent for a one bedroom apartment in Osaka will be around ¥50,000 or $500 a month. Tabata is the only Yamanote line station in Kita Ward. Before we start you should know that terms for Japanese apartment layouts are different from what you might be used to. 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. 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. Instant matches businesses with the perfect flexible office space in Tokyo. Shared Houses. 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.”. Just like any other city, if you want to live in the center of it all, you have to pay a premium. 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. 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. How to find apartments for rent in Tokyo? Take a deep dive into Japanese culture with Japanese TV! 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. The average rent per sqm was 2,936yen/sqm. Tokyo Metropolis is the capital and most populous prefecture of Japan. Prices drop once apartments get more than 10 minutes away from a station. How big is a Tokyo apartment? The median studio apartment rent here is ¥84,900 and median 1K rent is ¥87,800, both in Toshima Ward, which includes Ikebukuro. Location is everything in real estate, right? Tokyo is 10.96% less expensive than New York (without rent, see our cost of living index ). 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. 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. What are the trends for Tokyo and the surrounding prefectures, compared to the same quarter last year? https://blog.gaijinpot.com/how-much-is-the-average-rent-in-tokyo-in-2019 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. Unsurprisingly, in terms of average rent per month, the five most expensive wards in Tokyo are located in central Tokyo. You can check what other train lines service the Yamanote line stations here. 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? 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. Renting an apartment in Tokyo (or Japan in general) is typically expensive, with the initial set-up fees costing 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. Rent rises in the central area are being led by three wards in particular; Chiyoda, Chuo and Minato wards. 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. Feb 19, 2021 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 number in parentheses shows the year-on-year percentage change in average rent. 3 min read. Tokyo makes the list of the world’s highest average monthly rents. The central wards lead the rankings for these, too. Although the order is somewhat different, the next set of five wards for both 1R and 1K apartments are the same. 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). Here is a list of the average rent in Tokyo. 7 min read. The Yamanote, which has 30 stations, is the iconic loop line that goes around central Tokyo. 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. Koto Ward is growing, too. As an example, the train ride from Kameari in Katsushika Ward to Shimbashi in Minato Ward takes about 40 minutes. But as the saying goes, location is (almost!) Get the latest properties and articles in your Inbox. (Meguro station, which is actually just over the border in Shinagawa, jumps in at seventh spot for both.). The interactive map shows the average monthly rental price of all the districts in central Tokyo. 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. In this article, we drill down to see exactly what the average rent is in each of Tokyo’s 23 wards. One of the most useful lines is Japan Railway’s Yamanote loop line. ), kitchens with no more than a metal basin for a sink and a faucet sticking out of the tiled wall. Rent per month: $390–$650. 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. 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. It encompasses part of Odaiba and Tokyo Bay. Living further away from a train station will also save you money. Both of these stations are in Toshima Ward and just three stops out, or one stop out, of Ikebukuro, respectively. Prices drop down to something more like … University-owned dormitories 2. ” 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.” 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. 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. Accommodation is undoubtedly a student’s single biggest expense other than tuition fees. Feb 18, 2021 Of course, it depends on what your priorities are which is perhaps the key to all real estate decisions. 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. Outside of central Tokyo, housing costs are distinctly lower, especially in the suburbs, surrounding prefectures and in other regions and … By Aaron Baggett For both of those rankings, stations in the central wards of Minato, Shibuya, and Chiyoda, fill up almost all of the top ten. The Tokyo Metropolitan Government estimates the capital’s population will peak at ¥13.98 million in 2025. The size for that price will be anywhere from 20 to 30 m². The average rent for the 23 wards increased by 2.7 percent on quarter and 3.6 percent year on year. 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. 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. The average monthly office rent per tsubo in Tokyo's main business districts amounted to approximately 22 thousand Japanese yen as of December 2020, … 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. (More on that later.) If that’s somewhat beyond your means, let’s look slightly further afield. 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? They are also the most expensive places to live in Tokyo. 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. Good luck with your search! “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. The ideal commute would take you swiftly to and from work and other favorite spots, too. 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. Before we start you should know that terms for Japanese … Consequently, if you want the advantage of living on the Yamanote, without breaking the bank, go north. The average rent here is 112,000yen making it the sixth most expensive ward in Tokyo by average rent. Jul 5, 2019 We only look at data for mansion-type apartments, which are newer-construction steel-reinforced buildings. So what’s a renter to do? 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