But as the saying goes, location is (almost!) Just like any other city, if you want to live in the center of it all, you have to pay a premium. Search for apartments for rent in Tokyo on our listing pages. Both of these stations are in Toshima Ward and just three stops out, or one stop out, of Ikebukuro, respectively. The lowest average monthly 1K rent is ¥68,300 in Edogawa Ward. In 2015, about 8… Rents for all these four stations rank low for all rental sizes, as does Shin-Okubo, in Shinjuku Ward. The Yamanote, which has 30 stations, is the iconic loop line that goes around central Tokyo. Before we start you should know that terms for Japanese apartment layouts are different from what you might be used to. 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. This is the heartland of Japanese business, politics, and bureaucracy. ), kitchens with no more than a metal basin for a sink and a faucet sticking out of the tiled wall. 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? ” 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.” The average cost for a one bedroom apartment in Tokyo is around ¥80,000 a month. List of prices in Tokyo (Japan) for food, housing, transportation, going out, and more on Feb 2021. 1DK, and in fifth place for a studio apartment, at ¥105,400. However average Cost of living in Tokyo for family and couple is $3359 for students is $65 and for bachelor is $1195. 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. One of the most useful lines is Japan Railway’s Yamanote loop line. Tokyo 23 wards average rent by ward for April to June 2015. Follow these simple tips to insulate your apartment and keep your toes and wallet happy. the average rent for a one bedroom apartment in Osaka will be around ¥50,000 or $500 a month. Summary about cost of living in Tokyo, Japan: Family of four estimated monthly costs are 4,263.71$ (449,912.67¥) without rent (using our estimator). This is the first time in 4 years that the average annual rent has seen an increase. Jul 5, 2019 However, rent can vary from cheap tiny apartments of around 10 square meters to exorbitantly priced luxury apartments in prime districts. One explanation for the year-on-year decrease in Minato and Chiyoda wards is that due to high demand for rental housing in central Tokyo and demographic changes leading to smaller and smaller household sizes, rental units in central areas are actually decreasing in size, as builders squeeze smaller apartments into a limited amount of conveniently located areas. rent@housingjapan.com 03-3588-8862 Find apartments to rent in Tokyo, with thousands of listings in prime central locations. everything in real estate. This Week’s Top 5 Properties, Looking for More Room to Work From Home in Tokyo? As an example, the train ride from Kameari in Katsushika Ward to Shimbashi in Minato Ward takes about 40 minutes. 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. 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. University-owned dormitories 2. 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. Note that rent prices are per month, before utilities and other maintenance costs. According to Tokyo Kantei, the average rent of a condominium apartment in greater Tokyo was 2,536 Yen/sqm in 2013. 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. Rent per month: $390–$650. Accommodation is undoubtedly a student’s single biggest expense other than tuition fees. 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.”. Keeping in mind that Japanese companies usually reimburse their employees’ transportation costs, that’s a significant discount for taking a longer commute. Tabata is the only Yamanote line station in Kita Ward. The next set of five wards are predominantly the remaining ones that lie adjacent to the central wards: Sumida, Nakano, Toshima, Setagaya. This Week’s Top 5 WFH Properties, Where to live in Chiba for an Easy Commute to Tokyo and Nishi Funabashi: Gyotoku Station. 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. You can read more about finding an apartment in Japan in our Japan 101: Moving In and Moving Out section. Winter in Japan means cold toes and high energy bills. 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. The ideal commute would take you swiftly to and from work and other favorite spots, too. The second-cheapest place for one-room apartments is Komagome station, at ¥80,350, and in fourth place, at ¥81,700, is Otsuka. The average rent per sqm was 2,936yen/sqm. By GaijinPot Blog 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? As well as Shinjuku Ward, these are all neighbors of the central group: Shinagawa Ward is next to Minato Ward, Koto Ward connects to Chuo Ward and covers much of the bay area, while Bunkyo and Taito Wards border on Chiyoda Ward, as well as each other. Koto Ward is growing, too. For both of those rankings, stations in the central wards of Minato, Shibuya, and Chiyoda, fill up almost all of the top ten. 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 square meter for an apartment in Tokyo’s 23 wards in November was 3,306 yen (about $2.54 per square feet), the 35th consecutive month of year-on-year increases, based on Real Estate Japan’s analysis of data recently released by Tokyo Kantei. Is an apartment on Tokyo's Oimachi line right for you? 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). The central wards lead the rankings for these, too. Unsurprisingly, in terms of average rent per month, the five most expensive wards in Tokyo are located in central Tokyo. We use our expert knowledge of availability around the world to broker serviced offices, find commercial property, leased space and operate managed offices. Get the latest properties and articles in your Inbox. One reason for rising average rent levels in Koto is the increasing amount of new construction and development in the area related to the 2020 Tokyo Olympics. 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. They are also the most expensive places to live in Tokyo. 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. In general, average rent is lower outside the Yamanote line. Outside of central Tokyo, housing costs are distinctly lower, especially in the suburbs, surrounding prefectures and in other regions and … https://resources.realestate.co.jp/rent/what-is-the-average-rent-in-tokyo-by-ward Rent would take up a large chunk of the cost of living in Tokyo per month. In this installment of our series on “what is the average rent in Tokyo” we zoom in on the least expensive stations on the Yamanote line. Please see the chart below for detailed data by ward. 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. Rent for a two-bedroom apartment with a kitchen (2K) costs ¥149,400 in Chiyoda Ward but just ¥65,600 in Adachi Ward. If you choose a reliable train line and a biggish station, there’s not much difference in lifestyle. Within Tokyo’s 23 wards (or local administrative districts) five are considered the center: Chuo Ward, Minato Ward, Chiyoda Ward, Shibuya Ward, and Shinjuku Ward. The average rent for the 23 wards increased by 2.7 percent on quarter and 3.6 percent year on year. The number in parentheses shows the year-on-year percentage change in average rent. The average rent in Japan varies by city, but the overall national average falls somewhere between 50 to 70,000 JPY (470–650 USD). 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. Instant matches businesses with the perfect flexible office space in Tokyo. 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. The next five are roughly two steps removed from the central area and include the Arakawa, Kita and Suginami wards. As a general rule of thumb, you can expect to spend over ¥100,000 ($898) a month if you want to live in Central Tokyo. 3 min read. A single person estimated monthly costs are 1,185.91$ (125,138.78¥) without rent. Shared Houses. Feb 16, 2021 The average rent here is 112,000yen making it the sixth most expensive ward in Tokyo by average rent. According to the Savills research, even rents in humble Katsushika grew in the first quarter–by almost 10.0 percent on quarter! Meguro ward’s popularity puts it in fourth place also for one-bedroom apartments with a dining room and kitchen, a.k.a. Shibuya Ward comes in next, at ¥119,100, followed by Minato Ward at ¥117,500, based on figures collated from data on Japanese online real estate companies’ websites. The average rental price in Tokyo for apartments are in between 126,749 JPY and 126,749 JPY. However, rents can differ greatly among the metropolis’ various neighborhoods, meaning that you can find a two-bedroom apartment with rent as low as ¥85,100—if you know where to look. It surrounds the center of the city and connects most of its major stations and urban centers. Why did average rent decrease in such desirable locations? 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. What are the trends for Tokyo and the surrounding prefectures, compared to the same quarter last year? Source: REINS. Tokyo For Rent. 10 min read. Known worldwide as an expensive city, it is not surprising that Tokyo makes the list of the world’s highest average monthly rents in Deutsche Bank’s 2019 edition of its annual Mapping the World’s Prices report. Most of the information appears in English for the first time. 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. We here provide guidance about residential properties for foreign expats. The most expensive Yamanote line stations to live on are ones in the central wards. Shared houses are easy to come by in the city and are pretty low-cost. The average monthly office rent per tsubo in Tokyo's main business districts amounted to approximately 22 thousand Japanese yen as of December 2020, … Koto Ward in Tokyo. 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. Average monthly rental costs ; Japan — country average : 1 bed apartment in city centre: ¥86,722.781 bed apartment outside the city centre: ¥59,125.19 3 bed apartment in city centre: ¥ 195,212.293 bed apartment outside the city centre: ¥108,758.63 : Tokyo Rent rises in the central area are being led by three wards in particular; Chiyoda, Chuo and Minato wards. 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. Feb 19, 2021 The Olympic Village itself is slated to be located in the Tokyo Bay area. You could consider living outside the 23 wards. of 0.86% in cost per square meter for Tokyo’s 23 wards as a whole. How big is a Tokyo apartment? 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. 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. In this article, we drill down to see exactly what the average rent is in each of Tokyo’s 23 wards. 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. In Japan, a “studio apartment” can be a 1R, 1K or 1DK. (Meguro station, which is actually just over the border in Shinagawa, jumps in at seventh spot for both.). https://blog.gaijinpot.com/how-much-is-the-average-rent-in-tokyo-in-2019 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. Contact our agents to get expert help and quickly move into your new Tokyo home. We only look at data for mansion-type apartments, which are newer-construction steel-reinforced buildings. Tokyo Metropolis is the capital and most populous prefecture of Japan. For 1Ks, the median is ¥99,700, in Shinagawa Ward. 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. Explains the main legal issues in Japanese real estate investment. 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. 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. If that’s somewhat beyond your means, let’s look slightly further afield. Prices in the capital range from a single room in shared housing for about 20,000 JPY (190 USD) per month to over 150,000 JPY (1,400 USD) for a private apartment. Tokyo is the most expensive city in which to rent. The third-cheapest station in this category is Nishinippori, in Arakawa Ward, at ¥81,650. Tokyo makes the list of the world’s highest average monthly rents. This is the 4th month in a row to record a year-on-year increase. Take a deep dive into Japanese culture with Japanese TV! The size for that price will be anywhere from 20 to 30 m². 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. 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. It encompasses part of Odaiba and Tokyo Bay. 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. However, rents can differ greatly among the metropolis’ various neighborhoods, meaning that you can find a two-bedroom apartment with rent as low as ¥85,100—if you know where to look. 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). So what’s a renter to do? The median studio apartment rent here is ¥84,900 and median 1K rent is ¥87,800, both in Toshima Ward, which includes Ikebukuro. In fourth place, though it is not considered to be in the center, Meguro Ward pops in. Once the reference point has been established, the Price Index value of every other city in the database is calculated by comparing their cost of living to the cost of living in Prague. You can get yourself a double room for a couple for less than $650 a month — that’s including bills and internet. Cost Of Rent. Working some exercise into your daily schedule was part of your plan anyway, right? 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. By Marie Meg Good luck with your search! For studio apartments, the median in this range is ¥97,300 a month, in Shinjuku Ward. Consequently, if you want the advantage of living on the Yamanote, without breaking the bank, go north. Along with the slightly higher-ranking Mejiro, Shin-Okubo station has no other connecting train line. Rent tends to differ greatly, which is why it’s important to know the average for each such area if you want to do apartment hunting efficiently. 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. 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. Feb 18, 2021 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. 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’s on both the Yurakucho and Fukutoshin subway lines. 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. Here is a list of the average rent in Tokyo. The average apartment size was 55.49 sqm (597 sq.ft) and the average building age was 17.6 years. 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. Location is everything in real estate, right? Old apartments have rice mat floors (tatami) wood frame, sliding paper doors, Japanese toilet (ugh! The cheapest option is Tabata, at ¥77,750 for one-room apartments and ¥112,600 for mid-size rentals. 5 min read, what you need to rent an apartment in Japan, Four Ways to Insulate Your Japanese Apartment and Save Money, Best Train Lines for Living in Tokyo: The Oimachi Line, The Best TV Shows in Japan to Study Japanese. Prices drop once apartments get more than 10 minutes away from a station. Some of the world's most expensive land can be found in central Tokyo, which contributes to its reputation of being an expensive city. What might be a little surprising is that the average rent in two of these wards (Minato and Chiyoda) actually decreased year-on-year versus the same quarter in 2014. In Japan, studio apartments are called one-room apartments and abbreviated as 1R. If you live near a Yamanote line station, you can conveniently get almost anywhere in Tokyo. 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). Photo: Japanese cafe Metabirds on SecondLife. This makes Koto the sixth most expensive ward in Tokyo, just behind Meguro. Of course, it depends on what your priorities are which is perhaps the key to all real estate decisions. Renting an apartment in Tokyo (or Japan in general) is typically expensive, with the initial set-up fees costing Guesthouses 3. 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