Get all the data you need about the real estate market in Osaka
We update this blog post regularly so the numbers you see always reflect the latest market conditions.
Osaka's rental market in March 2026 is active, competitive, and very different depending on which neighborhood and property type you look at.
Gross yields range from 2.1% in the most expensive parts of Kita all the way up to 11.4% in Shin-Osaka, and the gap between those two numbers tells you a lot about how this city works for landlords.
And if you're planning to buy a property in Osaka, you may want to download our real estate pack about Osaka.
A quick summary table
| Metric | Value |
|---|---|
| Osaka neighborhood with the best rental yield | Shin-Osaka / Nishinakajima (1K apartment, 11.4% gross) |
| Osaka neighborhood with the weakest rental yield | Umeda / Kita (1LDK apartment, 2.1% gross) |
| Average gross yield across Osaka | 5.3% |
| Average net yield across Osaka | 3.8% |
| Median purchase price in Osaka | ~¥30,400,000 |
| Average monthly rent in Osaka | ~¥130,000 |
| Average occupancy rate in Osaka | 93% |
| Fastest leasing Osaka market | Shin-Osaka / Nishinakajima 1K (12 days average) |
| Slowest leasing Osaka market | Bentencho / Osaka Bay 3LDK (30 days average) |
| Highest occupancy in Osaka | Shin-Osaka 1K and Fukushima studio (96%) |
| Best value high-yield Osaka segment | Compact 1K units in Shin-Osaka and Fukushima |
| Osaka yield dispersion | 2.1% to 11.4% gross (9.3 percentage point spread) |
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Osaka neighborhoods and property types in 2026 ranked by rental yield
This table ranks the top neighborhoods and property types in the Osaka residential market by gross rental yield.
For each neighborhood and property type, the table includes average purchase price, average monthly rent, gross rental yield, net rental yield, annual fees, average occupancy, average time to rent, main rental demand, main risk, and investment profile.
By the way, you'll find much more detailed data in our real estate pack about Osaka.
| # | Neighborhood | Property type | Gross rental yield | Net rental yield | Average purchase price | Average monthly rent | Ownership annual fees | Average occupancy | Average time to rent | Main rental demand | Main risk | Rental Investment Profile |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Shin-Osaka / Nishinakajima | 1K apartment | 11.4% | 8.5% | ¥7,381,100 | ¥69,900 | ¥180,000 | 96% | 12 days | Mobile young professionals | Older compact stock competition | Top Pick |
| 2 | Shin-Osaka / Nishinakajima | 1LDK apartment | 7.8% | 6.0% | ¥19,004,900 | ¥123,000 | ¥260,000 | 95% | 14 days | Dual-income couples | Pipeline of new supply | Top Pick |
| 3 | Shin-Osaka / Nishinakajima | 2LDK apartment | 7.1% | 5.4% | ¥26,376,500 | ¥155,400 | ¥330,000 | 93% | 19 days | Relocating small families | Office-led submarket shifts | Strong Potential |
| 4 | Bentencho / Osaka Bay | 2LDK apartment | 7.4% | 5.3% | ¥23,800,000 | ¥146,200 | ¥340,000 | 91% | 24 days | Small bay-area families | Lease-up slower off-center | Strong Potential |
| 5 | Bentencho / Osaka Bay | 1K apartment | 5.0% | 3.6% | ¥16,900,000 | ¥70,200 | ¥220,000 | 93% | 18 days | Port and logistics workers | Weaker resale depth | Good Potential |
| 6 | Bentencho / Osaka Bay | 3LDK apartment | 5.3% | 3.8% | ¥36,400,000 | ¥162,000 | ¥460,000 | 89% | 30 days | Value-seeking families | Slower family leasing | Moderate Appeal |
| 7 | Umeda / Kita | Studio apartment | 7.3% | 5.1% | ¥13,650,000 | ¥82,700 | ¥240,000 | 95% | 12 days | Executive and student singles | Small-unit regulatory changes | Strong Potential |
| 8 | Umeda / Kita | 1K apartment | 5.5% | 4.0% | ¥16,500,000 | ¥75,000 | ¥260,000 | 95% | 14 days | Office worker singles | New tower supply | Good Potential |
| 9 | Umeda / Kita | 1LDK apartment | 2.1% | 1.5% | ¥79,800,000 | ¥140,300 | ¥380,000 | 92% | 22 days | High-income couples | Very high acquisition cost | Limited Appeal |
| 10 | Fukushima / Nodahanshin | Studio apartment | 6.9% | 5.2% | ¥16,987,000 | ¥98,400 | ¥230,000 | 96% | 12 days | High-income commuter singles | Thin margins after fees | Strong Potential |
| 11 | Fukushima / Nodahanshin | 1K apartment | 5.1% | 3.7% | ¥17,290,100 | ¥73,600 | ¥240,000 | 95% | 15 days | Central commuter singles | Strong recent price inflation | Good Potential |
| 12 | Fukushima / Nodahanshin | 1LDK apartment | 4.0% | 2.8% | ¥40,718,100 | ¥135,700 | ¥330,000 | 94% | 16 days | Dual-income central renters | Price growth outrunning rents | Moderate Appeal |
| 13 | Tennoji / Uehommachi | 1LDK apartment | 6.1% | 4.7% | ¥30,096,400 | ¥153,500 | ¥310,000 | 94% | 15 days | Medical and corporate couples | Upscale unit price risk | Strong Potential |
| 14 | Tennoji / Uehommachi | 2LDK apartment | 5.8% | 4.4% | ¥43,310,600 | ¥208,400 | ¥410,000 | 93% | 18 days | Affluent school-focused families | Elite-school district pricing | Good Potential |
| 15 | Tennoji / Uehommachi | 1K apartment | 5.2% | 3.9% | ¥17,521,900 | ¥76,300 | ¥240,000 | 94% | 16 days | Hospital and school staff | Premium around station | Good Potential |
| 16 | Abeno / Showacho | 3LDK apartment | 5.9% | 4.4% | ¥42,900,000 | ¥210,800 | ¥460,000 | 92% | 20 days | Owner-occupier style families | Family tenancy turnover | Good Potential |
| 17 | Abeno / Showacho | 2LDK apartment | 4.7% | 3.6% | ¥44,800,000 | ¥175,600 | ¥390,000 | 93% | 19 days | School-oriented families | Buy-versus-rent leakage | Good Potential |
| 18 | Abeno / Showacho | 1LDK apartment | 4.0% | 2.9% | ¥31,800,000 | ¥105,300 | ¥290,000 | 94% | 17 days | Hospital and education staff | Family-buyer competition | Moderate Appeal |
| 19 | Kyobashi / Miyakojima | 2LDK apartment | 5.6% | 4.1% | ¥35,900,000 | ¥168,100 | ¥360,000 | 92% | 21 days | Rail-linked families | Rent ceiling resistance | Good Potential |
| 20 | Kyobashi / Miyakojima | 1K apartment | 5.0% | 3.7% | ¥16,900,000 | ¥70,800 | ¥210,000 | 94% | 16 days | Commuter singles | Older building mix | Good Potential |
| 21 | Kyobashi / Miyakojima | 1LDK apartment | 4.6% | 3.3% | ¥30,400,000 | ¥115,300 | ¥280,000 | 93% | 18 days | Young couples | Less prestige than core | Moderate Appeal |
| 22 | Namba / Nippombashi | Studio apartment | 5.2% | 3.8% | ¥17,022,100 | ¥73,600 | ¥220,000 | 94% | 16 days | Budget city-center singles | Higher turnover and wear | Good Potential |
| 23 | Namba / Nippombashi | 1K apartment | 4.9% | 3.5% | ¥17,927,700 | ¥73,300 | ¥240,000 | 95% | 14 days | Service sector singles | Nightlife tenant churn | Good Potential |
| 24 | Namba / Nippombashi | 1LDK apartment | 4.1% | 2.8% | ¥37,195,400 | ¥127,700 | ¥310,000 | 94% | 17 days | Urban couples | High-service-charge towers | Moderate Appeal |
| 25 | Horie / Shinmachi | 2LDK apartment | 4.9% | 3.4% | ¥49,755,300 | ¥204,600 | ¥430,000 | 92% | 20 days | Upper-middle-income couples | Premium renovation expectations | Good Potential |
| 26 | Horie / Shinmachi | 1K apartment | 4.7% | 3.4% | ¥19,035,200 | ¥74,600 | ¥230,000 | 94% | 17 days | Creative and office singles | Amenity-driven oversupply | Good Potential |
| 27 | Horie / Shinmachi | 1LDK apartment | 4.2% | 2.9% | ¥37,321,800 | ¥131,200 | ¥320,000 | 93% | 18 days | Design-led young couples | Pricey lifestyle premium | Moderate Appeal |
| 28 | Shinsaibashi / Honmachi | Studio apartment | 4.3% | 3.1% | ¥23,973,800 | ¥85,700 | ¥260,000 | 95% | 14 days | Urban convenience singles | High entry cost | Good Potential |
| 29 | Shinsaibashi / Honmachi | 1LDK apartment | 3.9% | 2.7% | ¥42,492,800 | ¥139,600 | ¥340,000 | 94% | 16 days | Downtown professional couples | Expensive compact units | Moderate Appeal |
| 30 | Shinsaibashi / Honmachi | 1K apartment | 3.9% | 2.7% | ¥24,182,400 | ¥78,800 | ¥280,000 | 95% | 15 days | Downtown office singles | High purchase basis | Moderate Appeal |
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Key insights about rental yields in Osaka
Insights
- The single biggest Osaka yield gap is not between neighborhoods but between property sizes within the same neighborhood. In Shin-Osaka, the gap between a 1K and a 2LDK is over 4 percentage points on gross yield, which means choosing the wrong unit size in the right area can cost you more than choosing the wrong area entirely.
- Umeda has a 5.2 percentage point yield gap between its studio and its 1LDK, which is one of the widest intra-neighborhood spreads in the Osaka market. That gap exists almost entirely because the 1LDK purchase price in Umeda (¥79.8 million) is more than five times higher than the studio, while rents are only about 1.7 times higher.
- Shin-Osaka 1K apartments are currently yielding 11.4% gross, which is unusually high for a city-center Osaka location served by the Shinkansen. The entry price of about ¥7.4 million is the main reason, and it reflects how compressed this segment of the Osaka resale market remains despite strong rental demand.
- The Fukushima and Nodahanshin area is one of the most consistent performers in Osaka: studio units there yield 6.9% gross with 96% occupancy and a 12-day average time to rent, while sitting a short commute from both Osaka Station and Namba. It gets far less attention than Umeda or Shinsaibashi among first-time buyers.
- In Osaka's prime central core (Shinsaibashi, Honmachi, Namba), purchase prices have risen faster than rents. Gross yields in that zone are now mostly in the 3.9% to 5.2% range, which means these neighborhoods are increasingly functioning as capital-preservation plays rather than cash-flow plays for individual landlords.
- Osaka Bay 1K units and Kyobashi 1K units both show gross yields around 5%, but the Osaka Bay entry takes 18 days to fill on average compared to 16 days for Kyobashi. That difference in leasing speed, compounded over multiple tenant cycles, creates a meaningful gap in realized annual returns despite nearly identical gross numbers on paper.
- Tennoji 1LDK apartments produce a 6.1% gross yield with 94% occupancy, which is a stronger result than most 1LDK units anywhere else in the Osaka inner ring. The driver is the combination of two large hospitals, two universities, and a Shinkansen-connected station all within walking distance, creating unusually stable and diversified tenant demand.
- In Osaka, 1LDK units consistently underperform 1K units on gross yield in the same neighborhood. Across all 10 neighborhoods in this table, the average 1LDK yield is roughly 1 to 2 percentage points below the 1K in the same submarket, while the purchase price premium for 1LDKs is typically larger than the rent premium they command.
- Osaka's net yields fall materially below gross yields in almost every submarket, and the gap is largest in the most expensive central districts. In Shinsaibashi, for example, gross yield is 3.9% and net yield is 2.7%, a gap of 1.2 points, compared to Shin-Osaka 1K where the gross-to-net gap is 2.9 points but the net result is still 8.5%.
- The three Osaka neighborhoods with the fastest average time to rent (Shin-Osaka 1K, Umeda studio, Fukushima studio, all at 12 days) are also among the highest-occupancy markets. This is not a coincidence: these are the segments where tenant demand is deepest relative to available stock, which is also what keeps vacancy friction low and supports the net yield advantage they show over slower-moving markets.
- Family-sized units (2LDK and 3LDK) in value districts like Abeno and Osaka Bay can offer decent headline yields, but they consistently take longer to fill (19 to 30 days) and carry higher annual fees due to their larger footprint. An investor comparing a 3LDK in Osaka Bay at 5.3% gross with a 1K in Shin-Osaka at 11.4% gross should factor in that leasing friction, not just the yield column.
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About our methodology
We also believe it is important to show our reasoning. It is one of the ways we make our work solid, transparent, and rigorous, just as you will see in our real estate pack about Osaka.
First, please note that this data is updated regularly, so what you see here reflects the current values as of today.
In order to get reliable data, we applied a strict source filter. We only used authoritative, verifiable sources, not random listings or unsupported figures. More on that point below.
For each Osaka neighborhood and property type, we aggregated the freshest purchase price and monthly rent data available from Japan's major property portals and official transaction databases. When possible, we cross-checked multiple sources to confirm the same price range.
This allowed us to estimate rental yield before costs, which is the gross yield, based on annual rent versus purchase price.
We then estimated rental yield after costs. That is the net yield, after recurring ownership and operating expenses typical of owning a condominium in Osaka.
These expenses can vary significantly by neighborhood in Osaka. That is why two areas with similar rents can still produce different net returns.
For example, high-rise condominiums in Umeda and Shinsaibashi typically carry higher monthly management fees and repair reserve contributions than older walk-up buildings in Abeno or Kyobashi. In higher-turnover areas like Namba, vacancy and re-letting costs can also eat into returns more noticeably.
We also estimated annual ownership fees by combining the main recurring costs linked to each asset. For Osaka condominiums, this includes fixed asset tax (assessed at 1.4% of the official assessed value), city planning tax (0.3%), monthly management fees, repair reserve fund contributions, insurance, and a maintenance allowance. These are distinct from the purchase price and must be factored in to understand real cash flow.
These estimates were not applied as one flat number across Osaka. They were adjusted by neighborhood and property type to better reflect local ownership conditions, for example higher fees in large new-build towers and lower fees in older compact buildings.
Occupancy rates and average time-to-rent figures are modeled estimates based on Osaka City's official vacancy data, neighborhood search popularity from major portals, and how quickly Osaka rents have been rising in each submarket. They are not directly published official statistics.
This table should therefore be read as a structured market estimate, not as an exact guarantee of future performance. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Osaka.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our real estate pack about Osaka, we rely on verifiable sources and a transparent methodology.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why it's authoritative | How we used it |
|---|---|---|
| Osaka City Housing and Land Survey 2023 | This is Osaka City's own official publication of its housing survey results, making it the most direct local source for vacancy and stock data. | We used it to anchor Osaka's vacancy and housing stock context. We also used it to keep occupancy assumptions realistic rather than relying only on portal listings. |
| Statistics Bureau of Japan Housing and Land Survey | This is Japan's national official housing survey, published by the Statistics Bureau and used as the country-wide reference for vacancy and housing definitions. | We used it to cross-check Osaka City's local housing survey framing against the national methodology. We also used it as the official base for vacancy and housing-stock definitions. |
| Osaka City Fixed Asset Tax and City Planning Tax Overview | This is the official Osaka City tax guidance for property owners, published directly by the city's finance department. | We used it to anchor the recurring tax side of annual ownership costs. We applied its 1.4% fixed asset tax and 0.3% city planning tax framework, then adjusted to reflect the gap between assessed values and actual sale prices. |
| MLIT Official Land Price Page | This is the Ministry of Land, Infrastructure, Transport and Tourism's official land-price release page, the primary government reference for land values across Japan. | We used it to confirm March 2026 land-price conditions and the relative positioning of prime versus value districts in Osaka. We also used it to sanity-check which submarkets should show lower gross yields because purchase prices are higher. |
| Kinki REINS Market Trends | REINS is the designated real-estate information network used by all licensed brokers in Japan, so its data reflects actual transaction activity rather than asking prices alone. | We used it to cross-check the broader Kansai resale market direction. We also used it to confirm that Osaka resale pricing remained firm into early 2026. |
| LIFULL HOME'S Market Report 2025 Q3 | This is a large-scale portal market report based on live listing and inquiry data from one of Japan's biggest property platforms. | We used it to confirm that Osaka City rents and resale prices were still rising strongly into late 2025. We also used its breakdown of single-type and family-type demand when selecting the most relevant property types for each neighborhood. |
| LIFULL HOME'S Osaka City Rent Page | This is one of Japan's largest residential portals, and it publishes ward-level rent benchmarks drawn directly from its live listing database. | We used it to identify the Osaka wards with the strongest renter search activity and to establish baseline rent levels by ward. We also used the linked ward-level pages for layout-specific rents such as 1K, 1LDK, and 2LDK. |
| At Home Ward Resale Condo Price Pages | At Home is a long-established major Japanese property portal with direct inventory from licensed brokers across Osaka's wards. | We used the ward-level resale condo price pages across all 10 Osaka neighborhoods to get layout-specific purchase price benchmarks. We then matched those layouts with the rent data from LIFULL to calculate gross yields. |
| Tokyo Kantei Monthly Condominium Rent Trend, February 2026 | Tokyo Kantei is a recognized Japanese real-estate data provider focused specifically on condominium market statistics across all major prefectures. | We used it to confirm that Osaka Prefecture condominium rents were still trending upward in February 2026. We also used it as a cross-check against portal rents to ensure the model reflects recent market momentum. |
| Savills Osaka Residential Markets, February 2025 | Savills is a global real-estate consultancy with established Japan market research, and its Osaka report draws on transaction data and direct market observation. | We used it to cross-check the narrative around strong Osaka demand, constrained supply, and price pressure. We also used it to inform the relative risk profile of lower-yield prime districts versus higher-yield value districts. |
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