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Market Insights · Tokyo Luxury Rent Report

September 2026
Tokyo luxury rentals, by the numbers.

Data period: September 2026 · ¥500,000+/month

53
Contracts analysed
¥610,000
Median rent /mo
¥8,186
Median ¥/㎡
79.0㎡
Median size

Market context

Observed contracts

The cleaned sample contains 53 contracts for September 2026, with a median monthly rent of ¥610,000 and a median rent per square metre of ¥8,186. The observed median rent changed by -9.0% from the previous month. Compared with the same month a year earlier, the observed median changed by -12.2%. The observed median rent per square metre changed by -0.2% from the previous month and +13.2% from the same month a year earlier. Changes reflect the contracted-home mix; they do not establish a like-for-like change in an apartment’s rent.

Monthly trend — observed medians

2025-05: ¥670,000, 37 contracts2025-052025-06: ¥687,500, 50 contracts2025-062025-07: ¥750,000, 61 contracts2025-072025-08: ¥680,000, 45 contracts2025-082025-09: ¥695,000, 61 contracts2025-092025-10: ¥750,000, 46 contracts2025-102025-11: ¥770,000, 51 contracts2025-112025-12: ¥680,000, 58 contracts2025-122026-01: ¥633,000, 40 contracts2026-012026-02: ¥675,000, 63 contracts2026-022026-03: ¥740,000, 66 contracts2026-032026-04: ¥673,500, 53 contracts2026-042026-05: ¥725,000, 42 contracts2026-052026-06: ¥670,000, 52 contracts2026-062026-07: ¥735,000, 40 contracts2026-072026-08: ¥670,000, 45 contracts2026-082026-09: ¥610,000, 53 contracts2026-09
PeriodContractsMedian rentMedian ¥/㎡Average ¥/㎡Median size
2025-0537¥670,000¥8,243¥11,34092.8㎡
2025-0650¥687,500¥7,273¥9,79585.4㎡
2025-0761¥750,000¥7,476¥7,948103.4㎡
2025-0845¥680,000¥7,870¥8,41192.7㎡
2025-0961¥695,000¥7,230¥8,15493.6㎡
2025-1046¥750,000¥8,446¥9,53787.4㎡
2025-1151¥770,000¥7,573¥8,564100.7㎡
2025-1258¥680,000¥7,669¥8,90386.8㎡
2026-0140¥633,000¥7,907¥9,94183.5㎡
2026-0263¥675,000¥8,083¥9,14291.6㎡
2026-0366¥740,000¥7,831¥9,98493.9㎡
2026-0453¥673,500¥8,637¥9,03989.4㎡
2026-0542¥725,000¥8,104¥10,22386.4㎡
2026-0652¥670,000¥7,839¥9,28988.6㎡
2026-0740¥735,000¥7,633¥10,392100.4㎡
2026-0845¥670,000¥8,203¥8,82584.0㎡
2026-0953¥610,000¥8,186¥9,12479.0㎡

Ward breakdown

Rolling three-month window: 2026-07 to 2026-09. Only wards with at least five contracts in this window are shown. Smaller groups are omitted.

WardContractsMedian rentMedian ¥/㎡Average ¥/㎡Median size
Chuo-ku6¥525,000¥6,009¥6,17984.0㎡
Meguro-ku5¥620,000¥5,860¥10,523105.8㎡
Minato-ku64¥755,000¥8,767¥9,27487.1㎡
Setagaya-ku7¥560,000¥5,147¥5,455124.3㎡
Shibuya-ku30¥675,000¥8,135¥8,21384.1㎡
Shinjuku-ku9¥560,000¥5,828¥7,493102.5㎡

Methodology

Source: A real estate transaction database operated by a designated distribution organization, accessed through Edo Partners K.K.'s membership as a licensed brokerage.

Scope: Tokyo Metropolis contracts in the stated month; no ward restriction; monthly rent at least ¥500,000; rent excludes management fees. Rows without floor area, below the rent threshold, or with rent/area above ¥100,000 are excluded. Zero or negative area is also excluded to prevent invalid division.

Exclusions: This month, 6 records with rent per square metre above ¥100,000 were excluded from the analysis.

Statistics: Rent median, median of each contract’s rent/area, arithmetic mean of each contract’s rent/area, and median floor area. Monetary aggregates rounded to the nearest yen (half up); median area to 0.1㎡. All supplied property types remain included.

Presentation: Aggregated median rental prices and transaction counts for Tokyo Metropolis leases at ¥500,000/month or above, excluding records without positive floor area or above ¥100,000/㎡. No unit-level or building-level transactions are published.

Limitations: A sample, not a census or constant-quality index. Groups below five contracts are withheld.

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