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

Poste date: Tuesday, April 23, 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.

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