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  • Writer's pictureAdam German

Eight of ten Japan urban areas see highest residential rents since 2015

On January 29th, AtHome, a Japan based property portal dominant in residential leasing listings, announced their Trends in Rental Apartment Rents in Major Cities Nationwide report for December, 2023.

According to the report, "rent" is defined as the total amount tenants pay each month, including base rent plus management fees and other service charges as advertised on the AtHome portal.

The survey covered 10 areas: the Greater Tokyo Area which consists of the following regions: the 23 wards of Tokyo, Tokyo non-23 wards, Kanagawa Prefecture, Saitama Prefecture and Chiba Prefecture.

Other regions reported on are Sapporo, Sendai, Nagoya City, Osaka City, and Fukuoka City.

The properties are separated between reinforced concrete condo rentals and wood frame apartment rentals.  No single family home rentals were measured in the report.

The size of rental units are broken down into the following categories:

  • Singles use (30 square meter and less)

  • Couples use (30 to 50 square meters)

  • Family use (50 to 70 square meters)

  • Large family use (70 plus square meters)

The average advertised rent for condos in eight of the ten measured areas exceeded the previous year's figure across all size categories. 

The top increase by size category was in Sapporo for units for singles use, with a 4.9% increase compared to the same month last year, averaging 42,405 yen. 

Units for couples use in Tokyo's 23 wards saw a 6.5% increase, averaging 144,578 yen. 

Units for family use in Fukuoka City had a 16.9% increase, averaging 106,395 yen, while units over 70 square meters (large family-friendly) in Fukuoka City also rose by 10.4%, averaging 164,791 yen.

Family use units have exceeded the previous year's figure for 12 consecutive months across all ten areas. In particular, Tokyo's 23 wards, Tokyo suburbs, Kanagawa, Chiba, Sapporo, Sendai, Osaka, and Fukuoka reached their highest values since January 2015.

For wood frame rental units, the top increase by category was in Sendai for single-friendly units, with a 4.1% increase, averaging 41,804 yen. 

Couple-friendly units in Sendai also saw a 7.4% increase, averaging 63,470 yen, while family-friendly units in Fukuoka City had a 13.7% increase, averaging 83,604 yen.

Family use units exceeded the previous year's figure in 9 out of 10 areas, with Tokyo suburbs, Kanagawa, Saitama, Chiba, Sendai, Nagoya, and Fukuoka reaching their highest values since January 2015, excluding Osaka City.

Further Reading:

AtHome Trends in Rental Apartment Rents in Major Cities Nationwide report for December, 2023 (Japanese only)

Download PDF • 2.77MB


R.E. Port News (Japanese only) 


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