Market rent in Tokyo’s 23 wards by Types of Floor plans
We have summarized here the market rent of rental apartments and houses in Tokyo’s 23 wards as of March 1, 2023.
Tokyo is known as the area with the most expensive market rent in Japan, but not all the 23 wards have higher market rents than those in the areas outside of Tokyo, and there are considerable differences depending on the ward. The table below shows the market rents for rental housing with typical floor plans.
Please click here for Market rent of Expat housing >>
Market rent in Tokyo’s 23 wards is on an upward trend. Possible reasons for this include the fact that: with the end of Covid-19 pandemic, the number of people moving into Tokyo has increased over those who have moved out for the first time in 3 years; the prospective housing buyers, who can afford to buy housing, have given up purchases due to the rise in the sale price of condominiums, etc. and have started to choose rental housing; and the maintenance cost of the housing property has risen due to various priceｓ on the rise. For those considering rental options, especially high-end accommodations, Luxury Furnished Apartments in Central Tokyo could be an attractive choice.
Market rent in Tokyo’s 23 wards by Types of Floor plans
| 1R～1K | 1DK～2DK | 2LDK～3DK | 3LDK～4DK | 4LDK- | |
|---|---|---|---|---|---|
| Chiyoda-Ku | 114,100 JPY | 226,900 JPY | 373,900 JPY | 598,200 JPY | - |
| Chuo-ku | 109,400 JPY | 173,400 JPY | 261,500 JPY | 348,700 JPY | 401,800 JPY |
| Minato-ku | 122,000 JPY | 215,800 JPY | 401,300 JPY | 617,800 JPY | 1,318,000 JPY |
| Shinjuiku-ku | 90,800 JPY | 163,900 JPY | 281,500 JPY | 349,800 JPY | 750,700 JPY |
| Bunkyo-Ku | 84,200 JPY | 149,900 JPY | 223,800 JPY | 285,800 JPY | 456,800 JPY |
| Taito-Ku | 88,400 JPY | 135,100 JPY | 214,000 JPY | 253,900 JPY | 301,900 JPY |
| Sumida-Ku | 82,500 JPY | 125,300 JPY | 178,200 JPY | 186,700 JPY | 242,000 JPY |
| Koto-Ku | 89,400 JPY | 119,400 JPY | 209,400 JPY | 237,000 JPY | 238,800 JPY |
| Shinagawa-Ku | 89,100 JPY | 148,700 JPY | 301,200 JPY | 388,600 JPY | 1,357,600 JPY |
| Meguro-Ku | 90,200 JPY | 156,500 JPY | 281,900 JPY | 357,200 JPY | 512,600 JPY |
| Ota-Ku | 75,100 JPY | 111,400 JPY | 169,800 JPY | 218,000 JPY | 319,000 JPY |
| Setagaya-Ku | 75,200 JPY | 123,700 JPY | 187,800 JPY | 264,800 JPY | 411,100 JPY |
| Shibuya-Ku | 101,140 JPY | 194,300 JPY | 352,200 JPY | 615,900 JPY | 1,303,700 JPY |
| Nakano-Ku | 73.700 JPY | 124,500 JPY | 194,500 JPY | 220,400 JPY | 261,800 JPY |
| Suginami-Ku | 71,100 JPY | 116,100 JPY | 179,900 JPY | 236,400 JPY | 324,300 JPY |
| Toshima-Ku | 81,000 JPY | 129,600 JPY | 206,200 JPY | 232,800 JPY | 328,000 JPY |
| Kita-Ku | 73,500 JPY | 110,200 JPY | 174,400 JPY | 196,700 JPY | 249,000 JPY |
| Arakawa-Ku | 72,800 JPY | 102,600 JPY | 187,000 JPY | 200,900 JPY | 224,500 JPY |
| Itabashi-Ku | 68,300 JPY | 105,100 JPY | 146,500 JPY | 177,400 JPY | 238,500 JPY |
| Nerima-Ku | 66,500 JPY | 102,300 JPY | 128,700 JPY | 162,000 JPY | 210,500 JPY |
| Adachi-Ku | 64,600 JPY | 89,700 JPY | 119,800 JPY | 152,300 JPY | 191,900 JPY |
| Katsushika-Ku | 78,500 JPY | 63,600 JPY | 129,000 JPY | 168,100 JPY | 195,800 JPY |
| Edogawa-Ku | 64,200 JPY | 86,500 JPY | 120,400 JPY | 149,200 JPY | 183,300 JPY |
Data：At Home Co.,Ltd.
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Trend of Market Rent in Tokyo
Chiyoda-Ku, Chuo-Ku, and Minato-Ku, which is known as the 3 wards in central Tokyo, and Shibuya-Ku, where redevelopment is still underway, have very high demands as attractive destinations of offices, commercial areas, and residences with higher market rents. Looking at the floor plans of 2LDK to 3DK, the difference between Minato-Ku, which has the most expensive market rent, and Adachi-Ku, which has the most inexpensive one, is 281,500 JPY, and the former value is about 3.3 times as much as the latter one.
The average rent varies depending on the ward, but even within the same ward, the rent varies depending on “the proximity to the nearest station and the age of the building”, “whether the nearest station is served by multiple train lines”, or “whether the express train stops at the station”. In addition to the 3 wards in central Tokyo, the following areas, which are called high-class residential areas lined with luxury residences, also tend to have higher market rents.
Ota-Ku Den-en-chofu, Setagaya-Ku Seijo, Meguro-Ku Aobadai, Shinagawa-Ku Ikedayama, Shinagawa-Ku Shimazuyama
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