Get all the data you need about the real estate market in Tokyo
This blog post is updated regularly to reflect the latest apartment purchase prices in Tokyo, so the data you see here is current as of 2026.
Tokyo's apartment market is one of the most expensive in Asia, and prices vary sharply depending on the neighborhood you choose.
Whether you are looking at a studio in a quieter outer district or a two-bedroom in a central luxury area, this article gives you a clear starting point for understanding what apartments in Tokyo actually cost.
And if you're planning to buy a property in this place, you may want to download our real estate pack about Tokyo.
A quick summary table
| Metric | Value |
|---|---|
| Most expensive Tokyo neighborhood for apartments | Omotesando |
| Most affordable Tokyo neighborhood for apartments | Kichijoji |
| Average price per square meter across all Tokyo neighborhoods | Around 2,100,000 yen per m² |
| Median apartment price across the Tokyo market | Around 122,000,000 yen |
| Lowest realistic starting budget to buy in Tokyo | Around 20,000,000 yen |
| Most expensive Tokyo apartment type by size | Two-bedroom apartments |
| Most affordable Tokyo apartment type by size | Studio apartments |
| Average price for a studio apartment in Tokyo | Around 54,000,000 yen |
| Average price for a one-bedroom apartment in Tokyo | Around 87,000,000 yen |
| Average price for a two-bedroom apartment in Tokyo | Around 130,000,000 yen |
| Price gap between the most and least expensive Tokyo neighborhoods | About 1,800,000 yen per m² (Omotesando vs Kichijoji) |
| Price spread across all Tokyo neighborhoods reviewed | From around 1,100,000 yen to nearly 2,900,000 yen per m² |
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Tokyo neighborhoods in 2026 ranked by apartment purchase price
This table ranks the top neighborhoods in the Tokyo apartment market by purchase price, from the most expensive to the most affordable.
For each neighborhood, the table includes the average price per square meter, the median property price, the starting budget, the average price for a studio apartment, a one-bedroom apartment, and a two-bedroom apartment, the typical buyer profile, the key advantages, the key drawbacks, and the market segment.
Finally, please note you'll find much more detailed data in our real estate pack about Tokyo.
| Rank | Neighborhood | Average Price per Square Meter | Median Property Price | Starting Budget | Average Price for a Studio Apartment | Average Price for a One-Bedroom Apartment | Average Price for a Two-Bedroom Apartment | Typical Buyers | Key Pros | Key Cons | Market Segment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Omotesando | 2,910,000 yen | 160,000,000 yen | 52,000,000 yen | 73,000,000 yen | 117,000,000 yen | 175,000,000 yen | Luxury buyers and international purchasers seeking Tokyo's top residential address | Tokyo's most prestigious shopping and lifestyle address, strong central access, and consistently resilient demand from high-net-worth buyers | Very low affordability, extremely limited apartment supply, and intense competition for the best-located units | Luxury |
| 2 | Azabu-Juban | 2,730,000 yen | 150,000,000 yen | 49,000,000 yen | 68,000,000 yen | 109,000,000 yen | 164,000,000 yen | Wealth buyers seeking the Minato ward address with a village-like feel and strong expatriate community | Walkable streets with an upscale local atmosphere, Minato ward prestige, and deep expatriate rental demand for resale liquidity | Entry pricing is very demanding and many buildings carry high monthly running and maintenance costs | Luxury |
| 3 | Daikanyama | 2,600,000 yen | 143,000,000 yen | 47,000,000 yen | 65,000,000 yen | 104,000,000 yen | 156,000,000 yen | Design-driven affluent buyers drawn to Tokyo's most stylish low-rise residential neighbourhood | Rare low-rise character in central Tokyo, elegant boutique retail streets, and direct access to both Shibuya and Ebisu | Very limited apartment stock available and many listings are compact units that still carry very high price tags | Luxury |
| 4 | Hiroo | 2,410,000 yen | 132,000,000 yen | 43,000,000 yen | 60,000,000 yen | 96,000,000 yen | 145,000,000 yen | Expatriate families and international buyers seeking international schools and refined residential streets | Strong international school access, calm and refined street feel, and solid central Tokyo lifestyle credentials | Prices remain high even for older building stock and many well-located units are tightly held by long-term owners | Luxury |
| 5 | Nakameguro | 2,380,000 yen | 131,000,000 yen | 43,000,000 yen | 59,000,000 yen | 95,000,000 yen | 143,000,000 yen | Upwardly mobile local professionals attracted by the riverside lifestyle brand and Hibiya line connectivity | Strong lifestyle brand built around the canal, easy Hibiya line access to the city, and a very active resale market | Premium micro-location pricing on canal-facing units and fewer genuinely family-sized apartments than buyers often expect | Premium |
| 6 | Shirokane-Takanawa | 2,350,000 yen | 129,000,000 yen | 42,000,000 yen | 59,000,000 yen | 94,000,000 yen | 141,000,000 yen | Quieter affluent buyers seeking Minato ward prestige with a calmer residential environment than Azabu | Prestigious Minato address with a more relaxed pace than nearby Azabu, strong school access, and good long-term holding appeal | Apartment values remain steep at every level and newer tower buildings often come with very high ownership running costs | Premium |
| 7 | Roppongi | 2,350,000 yen | 129,000,000 yen | 42,000,000 yen | 59,000,000 yen | 94,000,000 yen | 141,000,000 yen | High-income urban buyers seeking luxury towers with ultra-central Tokyo access and strong rental liquidity | Ultra-central location with a large supply of luxury towers, major office clusters nearby, and strong short and long-term rental demand | More mixed residential character than buyers expect, noise pockets from nightlife, and a less homely street feel than other premium areas | Premium |
| 8 | Toyosu | 2,220,000 yen | 122,000,000 yen | 40,000,000 yen | 55,000,000 yen | 89,000,000 yen | 133,000,000 yen | Family buyers upgrading into large modern tower apartments with bay views and new urban amenities | Large and well-specified modern towers, appealing bay views, and strong demand from family apartment buyers across Tokyo | Tower-dominated supply means limited character variety and some buyers find the streetscape less traditionally Tokyo in feel | Premium |
| 9 | Ebisu | 2,100,000 yen | 116,000,000 yen | 38,000,000 yen | 53,000,000 yen | 84,000,000 yen | 126,000,000 yen | Central-location professionals seeking a strong lifestyle address with Yamanote line convenience | One of Tokyo's most dependable lifestyle addresses, excellent Yamanote line convenience, and consistently deep buyer demand from professionals | Buyers pay a significant premium for the address and station convenience, with limited scope for finding hidden-value units | Premium |
| 10 | Tsukishima | 1,870,000 yen | 103,000,000 yen | 34,000,000 yen | 47,000,000 yen | 75,000,000 yen | 112,000,000 yen | Waterfront upgrader buyers seeking a central Tokyo address at a slight discount to Toyosu and prime Minato pricing | Fast central access by subway, modern waterfront tower living, and still priced slightly below nearby Toyosu and core Minato areas | Older pockets mixed into the tower landscape and the heavy concentration of high-rise buildings can feel uneven at street level | Mid-Market |
| 11 | Ikebukuro | 1,510,000 yen | 83,000,000 yen | 27,000,000 yen | 38,000,000 yen | 60,000,000 yen | 91,000,000 yen | Value-seeking central Tokyo buyers and investors looking for broad apartment stock at more accessible price levels | Major transport hub with excellent connectivity and a broad apartment stock offering meaningfully better entry prices than southwest Tokyo | Busy urban feel with heavy foot traffic and a weaker prestige image than similarly priced neighborhoods in the western central districts | Mid-Market |
| 12 | Kichijoji | 1,110,000 yen | 61,000,000 yen | 20,000,000 yen | 28,000,000 yen | 44,000,000 yen | 67,000,000 yen | Lifestyle-driven local buyers drawn by Inokashira Park, a beloved retail street, and strong owner-occupier community demand | Consistently ranked among Tokyo's most desirable places to live, with strong retail, park access, and deep local owner-occupier demand | Not inside the 23 wards core and the daily commute value depends heavily on where the buyer works in the city | Affordable |
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Key insights about apartment purchase prices in Tokyo
Insights
- Tokyo's top apartment neighborhoods now cluster above 2,300,000 yen per square meter, which means even a modest 40 square meter studio in Omotesando or Azabu-Juban costs more than 90,000,000 yen.
- Omotesando and Azabu-Juban sit in a clearly separate Tokyo luxury tier: their average price per square meter is roughly 2.6 times higher than Kichijoji, the most affordable neighborhood in this ranking.
- Tokyo's lifestyle brand matters enormously: Daikanyama and Nakameguro command average prices above 2,300,000 yen per square meter largely because of how these neighborhoods are perceived, not just because of their location.
- Roppongi is priced on par with the quieter Shirokane-Takanawa area, which surprises many buyers who assume that Roppongi's mixed residential character would make it cheaper.
- A Tokyo buyer with a budget under 50,000,000 yen is effectively priced out of every top-ranking neighborhood in this list except Kichijoji and Ikebukuro.
- Toyosu proves that Tokyo buyers are still willing to pay heavily for modern tower apartments with bay views, even when the neighborhood sits outside the traditional prestige core of Minato and Shibuya.
- Ebisu consistently attracts strong buyer demand from professionals, which makes it one of Tokyo's most dependable apartment markets for resale, even at prices starting around 38,000,000 yen.
- Tsukishima offers a meaningful price discount versus nearby Toyosu and central Minato, with average prices around 1,870,000 yen per square meter rather than the 2,200,000 yen seen in Toyosu.
- Tokyo 23-ward used-apartment asking prices reached new all-time highs in early 2026 for both single and family-oriented units, which means the market is still moving upward even for buyers entering today.
- The two-bedroom apartment market in Tokyo is where the price gap between the luxury core and the more affordable outer areas becomes most dramatic: a two-bedroom in Omotesando costs around 175,000,000 yen, versus around 67,000,000 yen in Kichijoji.
- Kichijoji is the only neighborhood in this ranking that comes close to what an average Japanese household might realistically afford to buy, with a starting budget of around 20,000,000 yen and a median price around 61,000,000 yen.
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About our methodology
Tokyo's apartment market is complex, with prices varying enormously across neighborhoods, building ages, and apartment types. We wanted to give you a clear and honest picture of what buying an apartment in Tokyo actually costs in 2026, so we explain exactly how we built this data below.
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 Tokyo.
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 covering the Tokyo apartment purchase market, not random listings or unsupported figures. More on that point below.
For each Tokyo neighborhood, we aggregated the freshest apartment purchase price data available. When possible, we cross-checked multiple sources to confirm the same price range across the Tokyo market.
This allowed us to estimate the average price per square meter and the median property price for each Tokyo neighborhood reviewed.
We also calculated the starting budget, which represents the lowest realistic entry point to buy an apartment in that Tokyo neighborhood. This is not the cheapest possible listing, but a real, achievable floor for a standard apartment purchase in that area.
For each apartment category, we estimated an average purchase price based on local Tokyo market conventions. The typical size and layout of a studio, a one-bedroom, and a two-bedroom apartment can vary across Tokyo neighborhoods, so we adapted our estimates accordingly.
These estimates were not applied as one flat number across the city. They were adjusted by neighborhood and apartment type to better reflect local ownership conditions and price levels in each part of Tokyo.
This table should therefore be read as a structured market estimate, not as an exact guarantee of transaction prices. 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 Tokyo.
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 Tokyo, 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 is authoritative | How we used it |
|---|---|---|
| MLIT 2026 Official Land Prices | This is Japan's official national land-price publication, released by the Ministry of Land, Infrastructure, Transport and Tourism every year. | We used it to anchor the Tokyo market backdrop and to confirm where the top residential-value zones are concentrated in 2026. We also used it to verify that the most expensive Tokyo neighborhoods in our ranking align with official land-value leadership. |
| REINS Market Data Library | REINS is the main official transaction infrastructure for Japan's resale real estate market, covering actual recorded sales rather than asking prices. | We used it to confirm that Tokyo's resale apartment market remained active and healthy in early 2026. We also used it as a transaction-based cross-check against portal asking-price data from private listing sites. |
| LIFULL HOME'S Tokyo 2026 Market Report | LIFULL HOME'S is one of Japan's largest housing portals and publishes transparent recurring market reports covering Tokyo apartment price trends. | We used it to confirm that Tokyo 23-ward used-apartment asking prices reached new highs in February 2026. We also used it to keep our neighborhood price table aligned with current portal market conditions rather than older average figures. |
| LIFULL HOME'S Station-Level Used Apartment Price Pages | These station-area pages publish recurring used-apartment pricing based on recent Tokyo listings, broken down by station and apartment layout. | We used these pages as the primary neighborhood price input for our ranking table. We converted each station area's recent 70 square meter average price into an implied price per square meter for cross-neighborhood comparison. |
| At Home Station-Level Used Apartment Price Pages | At Home is a major Japanese real estate portal with large listing coverage and clearly documented methodology for its market price estimates. | We used it to cross-check LIFULL HOME'S data across the same Tokyo station areas. We also used its layout-level averages to verify our studio and one-bedroom price estimates by neighborhood. |
| MLIT Real Estate Information Library (Reinfolib) | Reinfolib is a government-backed real estate information platform that provides access to transaction-level data across Japan. | We used it as an additional institutional reference for price interpretation and land-value context in the Tokyo apartment market. We also used it to avoid relying exclusively on private portal data. |
| Tokyo Kantei Market Reports | Tokyo Kantei is a widely cited specialist research firm focused specifically on the Japanese condominium market and price tracking. | We used it as a specialist cross-check on the Tokyo condominium market trends underpinning our estimates. We also used it to confirm that the 70 square meter benchmark approach is standard practice in Japanese apartment market analysis. |
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