On January 17th, Tokyo Kantei announced the annual average condo rents in Japan’s three major metropolitan areas for 2021. 

The figures are represented by average rent per square metre in the Greater Tokyo, Greater Osaka and Greater Nagoya areas. 

The below figures are averages only, meant to illustrate trend data and does not represent any kind of rent guarantee.  Each property is unique and will fall above or below the average depending on specific location, age of structure and size of unit.  

Always consult a licensed real estate agent for your property specific needs.

The annual average rent per square metre in the Greater Tokyo Area (GTA) for 2021 was 3,270 yen, up 6.1% from the previous year.

The GTA data consists of Tokyo, Kanagawa, Saitama and Chiba prefectures.

By prefecture, Tokyo’s average rent per square metre was 3,731 yen, up 1.9% Year-on-Year (YoY).  Kanagawa Prefecture had an avg. of 2,390 yen (up 4.1% YoY), Saitama Prefecture had an avg. of 1,776 yen (up 4.4% YoY) and Chiba Prefecture had an avg. of 1,740 yen (up 4.3% YoY).

The Greater Osaka Area (Kinki) continued its upward trend at an avg. of 1,972 yen, up 1.9% YoY. 

The Kinki region average includes data from Osaka, Hyogo, Kyoto, Nara, Wakayama and Shiga prefectures.

The Tokyo Kantei report only singled out Osaka and Hyogo prefectures however, with Osaka Prefecture at 2,168 yen (up 0.3% YoY) and Hyogo Prefecture at 1,684 yen (down 0.2% YoY).  

The decrease in Hyogo prefecture is due to the higher rates of older rental inventory in the prefecture. 

In the Greater Nagoya Area (Chubu), the avg. rent increased significantly to 1,832 yen (up 5.1% YoY).

The Chubu area data includes Aichi, Gifu and Mie Prefectures, though the Tokyo Kantei report singled out only Aichi Prefecture, where Nagoya is. 

The city of Nagoya was mainly responsible for Aichi prefecture's avg. rent increase, coming in at 1,874 yen (up 4.7% YoY).

Further reading

Tokyo Kantei 2021 Condominium Rent Average Report (Japanese only; January, 2022)