Market rent in Tokyo’s 23 wards by Types of Floor plans

Poste date: Friday, November 15, 2024

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.

 

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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Exterior of Infinity Minami-aoyama
Sale Property tag

JPY 92,800,000

Exterior of The Parkhouse Harumi Tiaro Residence
Sale Property tag

A super-high rise tower apartment in Harumi area. It is one of the Parkhouse branded luxury condominium apartments sold by Mitsubishi Jisho Residence Co., Ltd. Completed by Kajima Corporation. There is a fountain place in the vast green premises. Concierge service and various common use facilities are arranged in the building. The room equipment is all-electrified including a bathroom heater and dryer and a floor heating in a living and dining room. The storage space is abundant in an easy-to-use layout and the balcony is spacious providing good views.

JPY 106,000,000 - 394,900,000

Exterior of Shirokane Tower
Sale Property tag

A landmark tower directly connected to Shirokane-Takanawa Station. It is a 42-story luxury condominium tower in the center of Shirogane AER City. Kajima Corporation, a major general contractor, was in charge of construction. The building is directly connected to the station and making it very convenient even when it is rainy day. The view from the sky lounge on the upper floors is super. There is a garden lounge with an atrium, a view lounge to enjoy the view, a relaxation square, and many other common facilities. Starbucks coffee and snack stores, Queen's Isetan Shirokane-Takanawa, Shirokane Tower Clinic and Shirokane Takanawa Children's Park are nearby.

JPY 415,000,000

Exterior of Park Court Toranomon Atago Tower
Sale Property tag

Park Court Toranomon Atago Atago Tower was built in April 2008, total unit of 231, 30-story high rising luxurious condominium in Atago Toranomon area in Minato-ku, Tokyo. The property is located in the area where several re-developments projects are ongoing such as Toranomon Hills or Azabudai Hills, and also you can enjoy view of greenery of Atago-yama below. The building has an earthquake-resistant structure that realizes spacious interior spaces with few pillars and beams while ensuring a high-technology earthquake resistance, The building is also highly secured with 24-hour manned management, a remote security system, cooperation with a security company etc., and also aware of disaster prevention such as equipped with generator or elevators for emergency occasion. Pets are allowed up to two dogs or cats in total (detail regulations, size weigh are set, and larger dogs are not allowed). Other Common Facilities Porte cochere, Bilingual concierge service, Premium Lounge (28F), Club Suite Guest Room (2F), Executive Study Room (2F), Rental bicycle, Dust station on each floor

JPY 669,800,000

Exterior of Nisshin Palestage Nishi-azabu
Sale Property tag

It is located one street south of Roppongi street in a corner lined with condominiums and commercial buildings. The neighborhood offers a variety of restaurants open late into the night and hideaway stores, as well as a variety of shopping and dining options, making it an enjoyable place to live.

JPY 74,800,000