Tokyo 23-Ward Rent Report Q2 2026: Average 132,000 Yen for Condos—Minato Tops at 246,000, Adachi and Katsushika at 103,000
- Actual contracted rents for condo-type rentals across Tokyo's 23 wards averaged 132,000 yen/month for 33.96 sqm (3,899 yen/sqm) in Apr-Jun 2026, based on 18,218 transactions
- The ward gap approaches 2.4x: Minato leads at 246,000 yen, followed by Chiyoda (207,000), Chuo (187,000) and Shibuya (178,000); Adachi, Katsushika and Nerima tie at the bottom at 103,000
- Per-sqm pricing is the fairer lens: 5,994 yen in Minato versus 2,712 yen in Katsushika—the same budget buys twice the space east of the center
- Wood-frame apartments average 87,000 yen in the 23 wards, 34% cheaper than condo-type; across the border, Saitama averages 89,000 and Chiba 92,000
For anyone planning a medium- or long-term stay in Tokyo, the newest quarter of actual contracted rents—more honest than listing sites' asking prices—is out. Condo-type rentals across the 23 wards averaged 132,000 yen a month for 33.96 square meters. The spread is nearly 2.4x: Minato tops the table at 246,000 yen, with Chiyoda at 207,000, Chuo at 187,000 and Shibuya at 178,000, while Adachi, Katsushika and Nerima share the floor at 103,000. Per-square-meter rates tell it straighter: 5,994 yen in Minato against 2,712 yen in Katsushika means the same budget rents double the space on the east side. Structural money-savers exist too—wood-frame apartment buildings average 87,000 yen, 34% below condo-type, trading soundproofing for savings—and commuters can look across the border at Yokohama-Kawasaki (101,000), Chiba (92,000) or Saitama (89,000) with through-service rail lines. Three practical notes: Japanese move-in costs typically run four to five months' rent, so budget for them; station distance and building age move individual prices more than ward names do; and if you are evaluating a Tokyo property purchase, this table is your rent-assumption reality check—it is the denominator of every yield calculation.
