We combed through the listings to find this month’s best apartments that are both reasonably priced and centrally located.
The average rent in Tokyo‘s 23 Wards varies a lot by location. However, the overall average is about ¥97,000 ($864) a month or about ¥2,936 per sqm.
In this article, we feature apartments with a Total Monthly Cost of $700 (¥79,000) or less, or about 19% less than the Tokyo average.
One good thing to know about looking for an apartment in November and December is that this is considered the low season for the rental market.
Agents and landlords are offering great deals this season as they are trying to fill vacancies. You may be able to ask the agent or property manager for one month’s free rent or to waive key money, in some cases. It does not hurt to ask!
The apartments below all require two-year leases. If you are looking for a short-term rental, please use this link: Tokyo short-term apartments.
Also, when you are budgeting your initial move-in costs, remember to consider the deposit, agency fee, and possibly key money. For more info on this, please see: How to avoid hidden costs when renting an apartment in Japan.
Let’s take a look at the picks!
Studio apartment for rent in Shinjuku
- Where: 2-min walk from Nishi Shinjuku Station on the Tokyo Metro Shinjuku line
- Rent: ¥72,000 ($641)
- Size: 18.53 m² (199-sqft)
- Key Money: None
- Deposit: One month
- Agency fee: One month
- Lease term: 2 years
- Notes: Amazing central location near the station and shopping galore. Delivery box, intercom with video.
Studio apartment for rent in Roppongi
- Where: 11-min walk from Roppongi Station and 5-min walk from Akasaka Station
- Rent: ¥76,000 ($676)
- Size: 15.52 m²
- Key Money: One month
- Deposit: One month
- Agency fee: One month
- Lease term: 2 years
- Notes: This is an older property but in an excellent central location.
Studio apartment in Sangenjaya – Two Stops from Shibuya
- Where: 10-min walk from Sangenjaya Station on the Tokyu Toyoko line, two stops from Shibuya
- Rent: ¥78,000 ($694)
- Size: 24.26 m² (261-sqft)
- Key Money: One month
- Deposit: One month
- Agency fee: One month
- Lease term: 2 years
- Notes: Leafy and upscale neighborhood with lots of small cafes, restaurants, and boutiques. Relaxing place to come home to after a night in Shibuya!
Studio Apartment for Rent in Ebisu
- Where: 13-min walk from Ebisu Station on the JR Yamanote line
- Rent: ¥75,000 ($667)
- Size: 24.26 m² (183-sqft)
- Key Money: None
- Deposit: One month
- Agency fee: One month
- Lease term: 2 years
- Notes: Ebisu is one of Tokyo’s most desirable residential neighborhoods due to its central location and upscale but relaxed vibe. Lots of western-style eateries and Japanese-style pubs (izakaya). And shopping at your doorstep at Ebisu Garden Place. Very popular with ex-pats.
Studio Apartment for Rent Shin-Okubo – One Stop from Shinjuku
- Where: 10-min walk from Shin Okubo Station on the JR Yamanote line, one stop from Shinjuku
- Rent: ¥67,500 ($660)
- Size: 18.3 m² (197-sqft)
- Key Money: None
- Deposit: One month
- Agency fee: One month
- Lease term: 2 years
- Notes: Shin Okubo is a bustling station and neighborhood just north of Shinjuku, unofficially known as Tokyo’s Korea Town because of the large concentration of residents of Korean-descent and many Korean shops and restaurants.
Top Photo: Shinjuku skyline taken from Kabukicho
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