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Recent Trends in Rental Prices in Tokyo's 23 Wards

Tokyo's real estate market has seen quite a shift, especially concerning rental prices for family-type apartments. Research conducted by LIFULL HOME'S, a leading real estate information service, reveals that the average listed rent for family apartments in Tokyo's 23 wards has surged past 263,000 JPY, marking a historic high. This report is part of LIFULL HOME'S Market Report for August 2026, which compiles extensive data from listings on their platform and user inquiries.

Overview of Rental Market Data

The LIFULL HOME'S Market Report collects data on residential rental apartments and analyzes various parameters such as floor area, proximity to stations, and construction year. This comprehensive approach provides valuable insights into current market trends that potential renters and investors might find useful. Interested parties can download monthly Excel data for free, covering statistics from January 2020 onwards.

Download Excel Data Here

Family-Type Rental Trends

• - Listed Rent: 263,148 JPY (up 1.6% from last month, and a 10.9% increase year-over-year)
• - Inquiry Rent: 184,381 JPY (up 1.3% from last month, and a 4.7% increase year-over-year)
• - Outlying Tokyo Area (non-23 wards): 125,369 JPY (down 0.3%, up 13.4% year-on-year)
• - Inquiry Rent in Outlying Area: 109,910 JPY (up 1.7% from last month, and a 4.9% increase year-over-year)

Single-Type Rental Trends

In contrast, the rental prices for single-type units have been facing a notable downward trend for five consecutive months:

• - Listed Rent: 135,764 JPY (down 0.2% from last month, up 15.0% year-on-year)
• - Inquiry Rent: 102,543 JPY (up 2.1% from last month, a new record high, up 5.2% year-over-year)
• - Outlying Tokyo Area: 71,240 JPY (up 1.8% from last month, a record high, up 15.1% year-over-year)
• - Inquiry Rent in Outlying Area: 70,198 JPY (up 1.9% from last month, also a record high, up 5.0% year-over-year)

What This Means

The current trends in rental prices reflect a changing landscape in Tokyo's housing market. The increase in family-type rentals could indicate a rising demand for accommodations that cater to families, possibly reflecting shifts in demographic preferences or urban living conditions. On the other hand, the decline in single-unit rental prices could point towards an oversupply or changing attitudes towards living arrangements among younger demographics as they explore more affordable housing options outside the traditional single housing market.

Overall, this data can be particularly helpful for potential renters, investors, and real estate professionals in navigating Tokyo's dynamic property landscape. The LIFULL HOME'S platform continues to lead the charge in providing insight and assistance to help individuals navigate their housing desires, showcasing their commitment to understanding and meeting the evolving needs of the market.

For more detailed reviews and reports, head over to LIFULL HOME'S.

About LIFULL HOME'S

LIFULL HOME'S embodies a vision of helping individuals realize their ideal living situations. They offer services ranging from rental searches, home purchases, custom home building, to selling properties. Their mission is about more than just transactions—they aim to guide individuals toward fulfilling their aspirations for a better home life and community living.

Find out more:

• - Search Rental Apartments in Tokyo
• - Explore Listings in Tokyo's 23 Wards