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

Poste date: Tuesday, April 11, 2023

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.

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

Exterior of Emblem Meguro Chayazaka
Sale Property tag

A 13-minute walk from Meguro Station on the JR Yamanote Line. Emblem Meguro Chayazaka is a 4-story low-rise condominium in a beautiful residential area. Ebisu Garden Place is also very close by, and the appeal of this location is that you can enjoy a wide range of activities from strolling on your days off to daily shopping. With Nakameguro and Ebisu also within walking distance, you will be able to fully enjoy the urban lifestyle you have envisioned. Construction of Emblem Meguro Chayazaka was completed in June 1985. It has a total of 14 units. There is an auto-lock system, a delivery box, and an elevator.

JPY 218,000,000

Exterior of SHIROKANE The SKY
Sale Property tag

Large Scale redevelopment project for mixed-use facilities including SHIROKANE The SKY, which is a 45-stories apartment with 1247 total units, launches at the area within a 3min walk of Shirokane-takanawa Station on Metro Nanboku Line and Toei Mita Line. Shirokane-takanawa area is having continuous evolve by the past and on-going multiple redevelopment projects. The area around Shirokane-takanawa Station is a town with various colorful shops including “Shirokane AER City” directly connected to the station. Facing a street lined with trees, there are many stylish flower shops, cafes, and restaurants. There is also a supermarket with a wide selection of imported ingredients close by, and such sophisticated and modern atmosphere brings a variety of pleasures to your everyday life.

JPY 278,000,000 - 358,000,000

Exterior of Park Heim Kagurazaka
Sale Property tag

JPY 128,000,000

Exterior of J Park Meguro 4
Sale Property tag

It is located in a quiet residential area between Meguro River with seasonal beauty and Meguro Fudo Crossing. A neighboring area is dotted with many educational and medical facilities, and historical shrines and temples as well as supermarkets and convenience stores making the area convenient for everyday life. The brown-color-tiled appearance is beautiful and the marble-tiled entrance design gives relaxed atmosphere. Parking space with a door for walking-in and out for the outside of the building.

JPY 99,800,000

Exterior of La Défense Takanawadai
Sale Property tag

JPY 59,800,000