Gross rental yields in Japan: Tokyo and 6 other cities
Average gross rental yield in Japan stands at 4.34% (Q3, 2025). Previously, in Q1 2025, the rental yield was 4.22%.
Cities and areas compared
- Tokyo
- Osaka
- Yokohama
- Fukuoka
- Sapporo
- Kobe
- Kawasaki
Historical Rental Yields in Japan
View the full rental yield dataset (2022 - Present)
| TOKYO - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Central City | |||
| Studio | $286,400 | $795 | 3.33% |
| 1-Bedroom | $518,000 | $1,390 | 3.22% |
| 2-Bedroom | $968,100 | $2,080 | 2.58% |
| 3-Bedroom | $1,305,400 | $2,980 | 2.74% |
| Eastern 23 Wards | |||
| Studio | $161,000 | $550 | 4.10% |
| 1-Bedroom | $232,300 | $830 | 4.29% |
| 2-Bedroom | $310,900 | $1,200 | 4.63% |
| 3-Bedroom | $341,000 | $1,385 | 4.87% |
| 4+Bedroom | $441,800 | $1,730 | 4.70% |
| Southern Part of the 23rd Ward | |||
| Studio | $173,100 | $570 | 3.95% |
| 1-Bedroom | $300,600 | $1,025 | 4.09% |
| 2-Bedroom | $415,400 | $1,560 | 4.51% |
| 3-Bedroom | $518,000 | $1,940 | 4.49% |
| Western Part of the 23rd Ward | |||
| Studio | $165,200 | $490 | 3.56% |
| 1-Bedroom | $234,100 | $865 | 4.43% |
| 2-Bedroom | $344,900 | $1,200 | 4.18% |
| 3-Bedroom | $473,700 | $1,455 | 3.69% |
| 4+Bedroom | $524,900 | $1,730 | 3.96% |
| Northern Part of the 23rd Ward | |||
| Studio | $140,200 | $535 | 4.58% |
| 1-Bedroom | $227,100 | $865 | 4.57% |
| 2-Bedroom | $296,400 | $1,270 | 5.14% |
| 3-Bedroom | $380,900 | $1,490 | 4.69% |
| Tokyo (all locations) | |||
| Studio | $180,700 | $500 | 3.32% |
| 1-Bedroom | $296,400 | $865 | 3.50% |
| 2-Bedroom | $414,100 | $1,150 | 3.33% |
| 3-Bedroom | $441,800 | $1,470 | 3.99% |
| 4+Bedroom | $549,200 | $1,730 | 3.78% |
| Tokyo avg. Rental Yields | 3.59% | ||
| OSAKA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Kita-ku | |||
| 1-Bedroom | $532,400 | $790 | 1.78% |
| 2-Bedroom | $545,600 | $1,145 | 2.52% |
| 3-Bedroom | $524,800 | $1,545 | 3.53% |
| Nishi-ku | |||
| 1-Bedroom | $321,300 | $780 | 2.91% |
| 2-Bedroom | $552,500 | $1,210 | 2.63% |
| 3-Bedroom | $612,100 | $1,690 | 3.31% |
| Joto-ku | |||
| 2-Bedroom | $140,500 | $740 | 6.32% |
| 3-Bedroom | $185,600 | $760 | 4.91% |
| Chuo-ku | |||
| Studio | $150,900 | $485 | 3.86% |
| 1-Bedroom | $415,300 | $830 | 2.40% |
| 2-Bedroom | $639,100 | $1,390 | 2.61% |
| Osaka avg. Rental Yields | 3.34% | ||
| YOKOHAMA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Yokohama (all locations) | |||
| 1-Bedroom | $158,600 | $580 | 4.39% |
| 2-Bedroom | $214,600 | $735 | 4.11% |
| 3-Bedroom | $249,200 | $975 | 4.70% |
| 4+Bedroom | $280,800 | $1,315 | 5.62% |
| Yokohama avg. Rental Yields | 4.70% | ||
| FUKUOKA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Fukuoka (all locations) | |||
| 1-Bedroom | $129,000 | $500 | 4.65% |
| 2-Bedroom | $166,500 | $620 | 4.47% |
| 3-Bedroom | $188,900 | $780 | 4.96% |
| 4+Bedroom | $223,600 | $1,090 | 5.85% |
| Fukuoka avg. Rental Yields | 4.98% | ||
| SAPPORO - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Sapporo (all locations) | |||
| 2-Bedroom | $142,000 | $415 | 3.51% |
| 3-Bedroom | $155,600 | $635 | 4.90% |
| 4+Bedroom | $169,200 | $920 | 6.52% |
| Sapporo avg. Rental Yields | 4.98% | ||
| KOBE - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Kobe (all locations) | |||
| 1-Bedroom | $127,800 | $460 | 4.32% |
| 2-Bedroom | $169,800 | $505 | 3.57% |
| 3-Bedroom | $168,600 | $580 | 4.13% |
| 4+Bedroom | $180,400 | $885 | 5.89% |
| Kobe avg. Rental Yields | 4.48% | ||
| KAWASAKI - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| 2-Bedroom | $285,400 | $885 | 3.72% |
| 3-Bedroom | $291,700 | $1,020 | 4.20% |
| Kawasaki (all locations) | |||
| 1-Bedroom | $189,000 | $625 | 3.97% |
| 2-Bedroom | $233,900 | $780 | 4.00% |
| 3-Bedroom | $285,500 | $985 | 4.14% |
| 4+Bedroom | $325,000 | $1,360 | 5.02% |
| Kawasaki avg. Rental Yields | 4.28% | ||
| All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents' fees, and any other costs. Net yields (what you'll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide and U-Occino |
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Research Methodology:
Rental yields are updated twice a year based on asking rents and asking purchase prices for 1-, 2-, and 3-bedroom apartments in Japan's major cities.
We source data from leading local property portals, capturing current market conditions as reflected in active listings.
All figures are gross yields — before taxes, maintenance, vacancies, or other costs. Net yields are typically 1.5%–2% lower.
