Tokyo 23-ward average: JPY132,000
REINS recorded 18,218 condominium rental transactions in Tokyo's 23 wards during April-June 2026. The average rent was JPY132,000, the average unit size 33.96 square meters and the average rent per square meter JPY3,899.
Minato averaged JPY246,000
Minato Ward recorded 695 transactions with an average rent of JPY246,000 and JPY5,994 per square meter. Average rents were JPY207,000 in Chiyoda, JPY187,000 in Chuo and JPY178,000 in Shibuya.
Use comparable leases for investment analysis
Rents can vary widely within a ward depending on station access, building age, size and specifications. Investors should base underwriting on comparable closed leases and calculate net income after vacancy, management and maintenance costs.