Rental Price Increases in Tokyo's 23 Wards and Impact of New Properties

Rental prices in Tokyo's 23 wards continue to rise, driven by increasing demand for new properties.

In September 2026, rental prices for condominiums in Tokyo's 23 wards reached ¥5,215 per square meter, marking a fourth consecutive month of increases. The demand for properties built within the last five years is notably strong, contributing to this upward trend.

With limited supply of new properties, particularly in sought-after areas like Chuo and Minato wards, the rental market is experiencing significant price hikes. For international residents, these areas present attractive rental options, reflecting the growing interest in modern living spaces.

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