Budget Rentals

What can you rent in Tokyo for $500 this week?

We combed through the listings to find the best budget rentals in Tokyo this week.

Agents and landlords are offering great deals this season as they are trying to fill vacancies after the March peak season. 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.

Let’s take a look at the picks!

Studio Apartment for Rent in Shinjuku Ward

This is a studio apartment for rent in Shimoochiai, excellent for commuting to Shinjuku and Shibuya. Please click on the photo for the listing.
  • Where: 6-min walk from Shimoochiai Station on the Seibu Shinjuku line, about a 20-min commute to Shinjuku
  • Rent: ¥55,000 ($494)
  • Size: 16.06 m² (172-sqft)
  • Key Money: None
  • Deposit: None
  • Agency fee: 1 month
  • Lease term: 2 years
  • Notes: Coin laundry and delivery box in the building. Excellent location for getting to Shinjuku and Shibuya.

Studio apartment for rent in Kokubunji

Bright and clean studio apartment for rent near JR Kokubunji Station, a 35-mim direct commute to Shinjuku. Please click on the photos for the listing and more photos.
  • Where: 5-min walk from Kokubunji Station on the JR
  • Rent: ¥55,000 ($494)
  • Size: 17.82 m² (191-sqft)
  • Key Money: None
  • Deposit: 1 month
  • Agency fee: 1 month
  • Lease term: 2 years
  • Notes: Top floor unit in four story building with great natural light and a good view. Kitchen includes a small fridge. Kokubunji is a popular neighborhood for people who need to commute to Shinjuku. Lots of shopping and restaurants near the station.

Studio apartment for rent in Hachioji-shi for ¥25,000 a month

This is a studio apartment for rent in near Otsuka Station in Hachioji-shi, about an hour direct ride to Shinjuku. Monthly rent is only ¥25,000 a month! Note that the landlord is asking for 1 month deposit, 1 month key money, and ¥27,000 agency fee, so remember to budget for the initial move-in costs. Please click on the photo for the listing and more photos.
  • Where: 6-min walk from Otsuka Teikyoudaigaku Station on the Tama Monorail, about an hour commute to Shinjuku.
  • Rent: ¥25,000 ($225)
  • Size: 17.82 m² (191-sqft)
  • Key Money: ¥25,000
  • Deposit: ¥25,000
  • Agency fee: ¥27,000
  • Lease term: 2 years
  • Notes: The monthly rent is less than half our monthly budget of 55,000yen, but remember to budget for the initial move-in costs. You will also have at least an hour commute to get to the center of Tokyo. This property qualifies for the ¥20,000 gift card campaign.

Studio apartment for rent in Adachi Ward for ¥37,000 a month

Studio apartment for rent near Kameari Station for ¥37,000 a month. Please click on the photo for the full listing.
  • Where: 10-min walk from Kameari Station on the JR Joban Line, about a 15-min commute to Nishi Nippori Station on the Yamanote line, 35-min to Tokyo Staion
  • Rent: ¥37,000 ($332)
  • Size: 14.21 m² (153-sqft)
  • Key Money: None
  • Deposit: None
  • Agency fee: 1 month
  • Lease term: 2 years
  • Notes: From here you can get to the Yamanote line in about 35 minutes and the monthly rent is well under our ¥55,000 budget.

2BR Apartment for Rent in Machida

If we go over the $500 budget a little to $540 (¥60,000), there are more options and more spacious units available. This is a 3DK (3 Rooms + a dining/kitchen area) for rent in Machida city. Please click on the photo for the listing and floor plan.
  • Where: This property is a little far from the station but in return you will get a lot more space. From Tsurukawa Station, it is about a 45-min direct commute to Shinjuku on the Odakyu Line.
  • Rent: ¥60,000 ($540)
  • Size: 46.98 m² (505-sqft)
  • Key Money: 1 month
  • Deposit: None
  • Agency fee: 1 month
  • Lease term: 2 years
  • Notes: This property is a little far from the station, but in return you get a lot more space. Qualifies for the ¥20,000 gift card campaign.

Good luck in your apartment search! If you can’t find anything here that suits your needs, please check our listing pages for apartments for rent in Tokyo.


Tokyo Apartments

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