Renting in Tokyo

What can you rent near Shibuya for $550 or less a month?

If you want to live near the bright lights and frenetic energy of Shibuya without paying Shibuya prices, this article is for you!

Below we highlight some neighborhoods and properties located within one to five stops of Shibuya, which you can rent for about $550 (¥62,000) or less a month.

One thing to note is that when you are looking for apartments in Japan, be aware of initial move-in costs, which may be much higher than in your home country. The three big ones are deposit, key money, and agency fee. You can avoid paying key money simply by specifying it as a search term (see no key money apartments here). On Real Estate Japan, we currently list 16,500+ no key money apartments nationwide. You can also specify no deposit and no agency fee as search terms.

Please see this article to learn about other standard move-in costs: Checklist for renting an apartment in Japan

The properties below are all long-term (two year) rentals, for a list of short-term rentals near Shibuya, please see: Short-term rentals near Shibuya

All right, then. Let’s see what’s on offer for $550 or less a month near Shibuya.

Studio apartment near Ikejiro-Ohashi Station – One stop from Shibuya

Ikejiri Ohashi shopping street (shoutengai).

Location: Ikejiri-Ohashi Station is a little hidden gem of a neighborhood, located just one stop from Shibuya on the Tokyu Den-en-toshi line. It’s also walkable to upscale Naka Meguro and Daikanyama, just to the southeast. The neighborhood itself is known locally for its up-and-coming coffee house scene (notably Bubbles Chill, pictured in the lead photo), small quirky restaurants, and not bad shopping at all (including a branch of Don Quijote). Live here if you want the convenience of living near Shibuya, without paying sky high rent.

Today, our featured property near Ikejiri-Ohashi Station is a top (4th) floor studio apartment in this building:

Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

Rent: ¥59,400 ($526)

Size: 13.7-sqm

Key Money: None

Deposit: None

Agency fee: ¥55,000

Notes: 10-min walk to the station. Broadband pre-installed.

Studio apartment near Sangenjaya Station – Two stops to Shibuya

Sangenjaya is a lively neighbourhood just west of Shibuya. Chock full of inexpensive eateries and Izakaya (Japanaese-style pubs). Live here and you may never have to cook dinner again.

Location: Sangenjaya is two stops from Shibuya on the Tokyu Den-en-toshi line. It is a bustling neighborhood, popular with locals who are into inexpensive eateries and the many, many izakaya (Japanese-style pubs). The area near the station has great shopping, including a shopping mall and branches of Tsutaya and Don Quijote.

Today’s featured property near Sangenjaya is this top (5th) floor studio apartment.

Studio apartment for rent near Sangenjaya Station. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

Rent: ¥61,500 ($545)

Size: 15.86-sqm

Key Money: None

Deposit: ¥55,000

Agency fee: ¥55,000

Notes: 10-min walk to the station. Broadband pre-installed.

Studio apartment near Yoga Station – 5 stops from Shibuya

Yoga Station on the Den-en-toshi line.

Yoga is a family-friendly, residential neighborhood that is just a 15-minute train ride from Shibuya on the Tokyu Den-en-Toshi Line. There is an abundance of shopping near the station but also a number of spacious parks in the area.

Today’s featured property near Yoga Station is this 4th-floor studio apartment:

Studio apartment for rent near Yoga Station. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

Rent: ¥61,000 ($543)

Size: 16.50-sqm

Key Money: None

Deposit: ¥55,000

Agency fee: ¥55,000

Notes: Also easily walkable to Kaminoge and Futago Tamagawa Stations.

Studio apartment near Ikenoue Station – 3 Stops from Shibuya

Renovated studio apartment for rent near Ikenoue Station. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

Renovated studio apartment for rent near Ikenoue Station. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

Location: Ikenoue Station, on the Keio Inokashira line, is five stops from Shibuya. There is not much happening around Ikenoue Station itself, but it is just one stop (or a 10-min walk) from trendy Shimo Kitazawa, which is known for its plethora of independent fashion retailers, cafes, theaters, bars and live music venues.

Rent: ¥61,000 ($543)

Size: 16.50-sqm

Key Money: None

Deposit: ¥55,000

Agency fee: ¥55,000

Notes: Also easily walkable to Kaminoge and Futago Tamagawa Stations.

Studio apartment near Shindaita Station – 5 Stops from Shibuya

Studio apartment for rent near Shin Daita Station. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

Studio apartment for rent near Shin Daita Station. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

Location: 3-min walk from Shin Daita Station on the Keio Inokashira line, five stops to Shibuya and just one stop (about a 13-min walk) from Shimo-Kitazawa, the fun and trendy neighborhood mentioned in the listing above.

Rent: ¥62,000 ($550)

Size: 15.60-sqm

Key Money: 56,000

Deposit: ¥55,000

Agency fee: ¥55,000

Top image: Bubbles Chill coffee shop near Ikejiri-Ohashi Station

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