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Hiroshima offers foreign buyers a chance to invest in a stable, mature Japanese housing market with rental yields that sit comfortably above Tokyo or Osaka.
We constantly update this blog post to reflect the latest market data, so you always get fresh and reliable numbers.
This guide breaks down gross yields, net yields, rents, and costs so you can make an informed decision about buying an apartment in Hiroshima.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Hiroshima.
What rental yields can I realistically get from an apartment in Hiroshima?
What's the average gross rental yield for apartments in Hiroshima as of 2026?
As of early 2026, the average gross rental yield for apartments in Hiroshima sits around 5.7%, which is a solid return compared to many other Japanese cities.
Most apartment investments in Hiroshima fall within a realistic gross yield range of 5.2% to 6.6%, depending on the unit size and location within the city.
The main factor that causes yields to vary significantly in Hiroshima is how close the apartment sits to tram lines or Hiroshima Station, because renters here prioritize daily commute convenience over prestigious addresses, which means slightly off-center locations can actually deliver better yields.
Compared to Tokyo (where gross yields often hover around 3% to 4%) or Osaka (around 4% to 5%), Hiroshima's 5.7% average makes it one of the more attractive options for yield-focused investors looking at major Japanese cities.
What's the average net rental yield for apartments in Hiroshima as of 2026?
As of early 2026, the average net rental yield for apartments in Hiroshima lands around 4.1% after accounting for all typical ownership costs.
Most apartment investors in Hiroshima can realistically expect net yields in the range of 3.6% to 4.6%, with newer buildings and smaller units often landing toward the higher end of that range.
The single biggest expense that reduces gross yield to net yield in Hiroshima is the combined building management fee and repair reserve fund, which older Japanese condos often charge at ¥330 to ¥380 per square meter per month, and these fees can spike unexpectedly if the building's reserve was underfunded in earlier years.
By the way, you will find much more detailed data in our property pack covering the real estate market in Hiroshima.
What's the typical rent-to-price ratio for apartments in Hiroshima in 2026?
As of early 2026, the typical monthly rent-to-price ratio for apartments in Hiroshima falls around 0.48%, meaning if you pay ¥15 million for an apartment, you can expect roughly ¥72,000 per month in rent.
Most apartment transactions in Hiroshima show rent-to-price ratios ranging from 0.44% to 0.55% per month, which translates to annual gross yields between 5.2% and 6.6%.
Studios and compact 1K apartments near tram-connected neighborhoods like Yokogawa or the edges of Naka-ku tend to have the highest rent-to-price ratios in Hiroshima, because purchase prices stay moderate while rents remain strong thanks to steady demand from young professionals and students.
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How much rent can I charge for an apartment in Hiroshima?
What's the typical tenant budget range for apartments in Hiroshima right now?
The typical monthly tenant budget for renting an apartment in Hiroshima in early 2026 ranges from ¥50,000 to ¥140,000 (roughly $320 to $900 USD, or €295 to €830 EUR), depending on household size and location preferences.
Tenants targeting mid-range apartments in Hiroshima, such as a decent 1LDK or compact 2-bed near a tram line, typically budget between ¥70,000 and ¥100,000 per month (about $450 to $645 USD, or €415 to €590 EUR).
For high-end or luxury apartments in Hiroshima, particularly newer units in central Naka-ku with modern amenities, tenants budget ¥120,000 to ¥160,000 per month (around $775 to $1,030 USD, or €710 to €950 EUR), though this segment is smaller than in Tokyo or Osaka.
We have a blog article where we update the latest data about rents in Hiroshima here.
What's the average monthly rent for a 1-bed apartment in Hiroshima as of 2026?
As of early 2026, the average monthly rent for a 1-bed apartment in Hiroshima is around ¥65,000 (approximately $420 USD or €385 EUR).
At the entry level, a decent 1-bed apartment in Hiroshima rents for ¥58,000 to ¥62,000 per month ($375 to $400 USD, or €345 to €370 EUR), which typically means a 1K layout in an older building located a 10-minute walk from a tram stop in areas like Higashi-ku or outer Minami-ku.
A typical mid-range 1-bed apartment in Hiroshima commands ¥63,000 to ¥70,000 per month ($405 to $450 USD, or €375 to €415 EUR), and this usually gets you a 1LDK with separate sleeping and living spaces, auto-lock entry, and a location within easy walking distance of Hiroshima Station or central Naka-ku.
For a high-end 1-bed apartment in Hiroshima, expect to charge ¥72,000 to ¥78,000 per month ($465 to $505 USD, or €425 to €465 EUR), which typically means a modern building in Hatchobori or Kamiya-cho with amenities like a delivery box, good bathroom ventilation, and a well-designed interior.
What's the average monthly rent for a 2-bed apartment in Hiroshima as of 2026?
As of early 2026, the average monthly rent for a 2-bed apartment in Hiroshima is around ¥100,000 (approximately $645 USD or €590 EUR).
At the entry level, a decent 2-bed apartment in Hiroshima rents for ¥88,000 to ¥95,000 per month ($570 to $615 USD, or €520 to €565 EUR), which typically means a 2DK or compact 2LDK in an older building in residential areas like Asaminami-ku or the edges of Nishi-ku.
A typical mid-range 2-bed apartment in Hiroshima commands ¥96,000 to ¥108,000 per month ($620 to $695 USD, or €570 to €640 EUR), and this usually gets you a proper 2LDK with around 55 square meters of space in a well-maintained building near Hiroshima Station or the Danbara area of Minami-ku.
For a high-end 2-bed apartment in Hiroshima, expect to charge ¥110,000 to ¥118,000 per month ($710 to $760 USD, or €650 to €700 EUR), which typically means a newer construction in central Naka-ku with family-friendly features and proximity to good schools.
What's the average monthly rent for a 3-bed apartment in Hiroshima as of 2026?
As of early 2026, the average monthly rent for a 3-bed apartment in Hiroshima is around ¥125,000 (approximately $805 USD or €740 EUR).
At the entry level, a decent 3-bed apartment in Hiroshima rents for ¥110,000 to ¥118,000 per month ($710 to $760 USD, or €650 to €700 EUR), which typically means a 3DK or older 3LDK in suburban wards like Asaminami-ku or Saeki-ku, often requiring a bus or longer tram ride to central Hiroshima.
A typical mid-range 3-bed apartment in Hiroshima commands ¥120,000 to ¥135,000 per month ($775 to $870 USD, or €710 to €800 EUR), and this usually gets you a spacious 3LDK with around 70 square meters in a family-friendly neighborhood near a good school district, such as parts of Minami-ku or well-connected Nishi-ku.
For a high-end 3-bed apartment in Hiroshima, expect to charge ¥138,000 to ¥145,000 per month ($890 to $935 USD, or €820 to €860 EUR), which typically means a newer building in the heart of Naka-ku or near Hiroshima Station with premium finishes and excellent access to both tram and JR lines.
How fast do well-priced apartments get rented in Hiroshima?
A well-priced apartment in Hiroshima typically gets rented within 2 to 6 weeks, with studios and 1-beds in central wards often finding tenants in just 2 to 4 weeks.
The typical vacancy rate for apartments in Hiroshima hovers around 4% to 6%, which is moderate and reflects the city's stable but not overheated rental market.
In Hiroshima, the main factors that cause some apartments to rent faster than others are proximity to tram stops (Hiroshima's tram network is a major demand driver), walkability to the Hiroshima Station redevelopment area, and whether the building offers auto-lock entry and a delivery box, which younger tenants increasingly filter for when searching online.
And if you want to know what should be the right price, check our latest update on how much an apartment should cost in Hiroshima.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Japan versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
Which apartment type gives the best yield in Hiroshima?
Which is better for yield between studios, 1-bed, 2-bed and 3-bed apartments in Hiroshima as of 2026?
As of early 2026, studios and 1-bed apartments typically offer the best rental yields in Hiroshima, with studios often reaching 6% or higher gross yield while larger units tend to deliver lower returns.
The typical gross rental yield range for each apartment type in Hiroshima is: studios at 6.0% to 6.5%, 1-beds at 5.5% to 6.0%, 2-beds at 5.3% to 5.8%, and 3-beds at 5.1% to 5.6%.
The main reason smaller units outperform larger ones in Hiroshima is that the city has a large pool of single renters, students from local universities, and young professionals who drive strong demand for compact apartments, while family-sized units do not command proportionally higher rents relative to their purchase prices.
Which features are best if you want a good yield for your apartment in Hiroshima?
The top features that boost rental yield in Hiroshima are walkability to a tram stop (Hiroshima's tram network is central to how locals commute), auto-lock entry, a delivery box for packages, and a 1K or 1LDK layout with clear separation between sleeping and living areas.
In Hiroshima, mid-floor apartments (floors 3 to 7) tend to rent out fastest because they balance elevator convenience with lower building fees, while ground-floor units can be harder to rent due to privacy concerns and first-floor units in older buildings sometimes have dampness issues.
Apartments with balconies do rent slightly faster in Hiroshima because tenants use them for drying laundry (a cultural norm in Japan), but the rent premium is modest, so a balcony helps with speed more than with charging higher rent.
Building features like elevators are expected in anything above 4 floors, but concierge services rarely justify their higher service charges in Hiroshima's practical, mid-tier rental market, while covered bicycle parking actually matters more here because many tenants combine cycling with tram commutes.
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Which neighborhoods give the best rental demand for apartments in Hiroshima?
Which neighborhoods have the highest rental demand for apartments in Hiroshima as of 2026?
As of early 2026, the neighborhoods with the highest rental demand for apartments in Hiroshima are Naka-ku (especially Hatchobori, Kamiya-cho, and Hondori), Minami-ku (around Hiroshima Station and Danbara), and Nishi-ku (particularly Yokogawa).
The main demand driver in these neighborhoods is the combination of tram connectivity and proximity to employment hubs, because Hiroshima tenants strongly prioritize short, predictable commutes over prestigious addresses, and the tram network acts as the backbone of daily life in ways that feel different from subway-centric cities like Tokyo.
In these high-demand Hiroshima neighborhoods, well-priced apartments typically rent within 2 to 4 weeks, and vacancy rates stay around 3% to 5%, which is tighter than the city average.
One emerging neighborhood gaining rental demand momentum in Hiroshima is the Hiroshima Station redevelopment zone in Minami-ku, where ongoing upgrades are attracting new tenants who want modern infrastructure and easy Shinkansen access.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Hiroshima.
Which neighborhoods have the highest yields for apartments in Hiroshima as of 2026?
As of early 2026, the neighborhoods with the highest rental yields for apartments in Hiroshima are Yokogawa in Nishi-ku, the outer edges of Naka-ku (still walkable to central areas but not prime addresses), and well-connected pockets of Asaminami-ku near the Gion area.
The typical gross rental yield in these top-yielding Hiroshima neighborhoods ranges from 5.8% to 6.8%, compared to around 5.0% to 5.5% in the priciest central blocks of Hatchobori or Kamiya-cho.
These neighborhoods offer higher yields than prime Naka-ku because purchase prices stay moderate (often 15% to 25% below central core prices) while rents remain strong thanks to excellent tram access and practical appeal for working tenants who do not need a prestige address.
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Japan. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
Should I do long-term rental or short-term rental in Hiroshima?
Is short-term rental legal for apartments in Hiroshima as of 2026?
As of early 2026, short-term rentals are legal for apartments in Hiroshima, but only under Japan's Minpaku (Private Lodging Business) framework, which caps hosting at 180 days per year.
The main legal restrictions for operating a short-term rental apartment in Hiroshima include the national 180-day annual limit, mandatory registration with local authorities, and compliance with safety and hygiene standards, plus you must check that your building's management rules (the mansyon kanri kiyaku) do not prohibit short-term guests, which many Japanese condo associations do.
For Airbnb-style rentals in Hiroshima, you must file a notification with Hiroshima City's health and sanitation department, and the city publishes a list of Minpaku-registered facilities, so compliance is actively monitored at the local level.
By the way, we also have a blog article detailing whether owning an Airbnb rental is profitable in Hiroshima.
What's the gross yield difference short-term vs long-term in Hiroshima in 2026?
As of early 2026, short-term rentals in Hiroshima can generate gross revenue around 1.3 to 1.8 times higher than long-term rentals, but the 180-day Minpaku cap significantly limits this advantage.
For a typical 1-bed apartment in Hiroshima, long-term rental brings in roughly ¥780,000 per year (¥65,000 per month), while short-term rental at around ¥9,500 per night for the maximum 180 nights would generate about ¥1,710,000, which is roughly 2.2 times higher in raw revenue before costs.
The main additional costs that reduce the net yield advantage of short-term rentals in Hiroshima include higher cleaning fees between guests, increased utility bills, platform commissions (typically 3% to 15%), guest communication time, and more frequent wear-and-tear on furnishings.
To truly outperform a long-term rental in Hiroshima, a short-term rental typically needs to achieve occupancy above 50% during the legal 180-day window and maintain nightly rates above ¥8,500, which is achievable during peak tourism seasons but requires active management.
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What costs will eat into my net yield for an apartment in Hiroshima?
What are building service charges as a % of rent in Hiroshima as of 2026?
As of early 2026, typical building service charges (management fee plus repair reserve) for apartments in Hiroshima run around 15% to 22% of monthly rent, or roughly ¥10,000 to ¥25,000 per month ($65 to $160 USD, or €60 to €150 EUR) depending on unit size.
The realistic range of building service charges in Hiroshima spans from about 10% of rent for larger units in well-funded buildings up to 28% of rent for small studios in older buildings with higher per-square-meter fees.
In Hiroshima, services that justify higher-than-average charges include buildings with on-site management staff, newer earthquake-resistant construction with active maintenance programs, and condos that have already completed major repair cycles (meaning their reserve fund is healthy rather than underfunded), while luxury amenities like concierge services are rare and generally not worth the premium in this practical, mid-tier market.
What annual maintenance budget should I assume for an apartment in Hiroshima right now?
A prudent annual maintenance budget for an apartment you own and rent out in Hiroshima is around ¥100,000 to ¥180,000 ($645 to $1,160 USD, or €590 to €1,070 EUR) for a typical 1-bed or 2-bed unit.
The realistic range of annual maintenance costs in Hiroshima depends on apartment age: newer units (under 15 years old) might only need ¥80,000 to ¥120,000 per year ($515 to $775 USD, or €475 to €710 EUR), while older units (25+ years) should budget ¥150,000 to ¥300,000 per year ($970 to $1,935 USD, or €890 to €1,780 EUR) to cover more frequent repairs.
The most common maintenance expenses apartment owners face in Hiroshima include air conditioning servicing and eventual replacement (critical in Hiroshima's humid summers), water heater maintenance, repainting and minor repairs between tenants, and occasional plumbing fixes, especially in older buildings with aging pipes.
What property taxes should I expect for an apartment in Hiroshima as of 2026?
As of early 2026, the typical annual property tax for an apartment in Hiroshima works out to roughly 0.8% to 1.2% of what you paid for the property, which for a ¥15 million apartment means around ¥120,000 to ¥180,000 per year ($775 to $1,160 USD, or €710 to €1,070 EUR).
The realistic range of property taxes in Hiroshima varies based on assessed value and location: a ¥10 million apartment might pay ¥80,000 to ¥120,000 annually, while a ¥30 million apartment could pay ¥240,000 to ¥360,000 annually.
Property taxes for apartments in Hiroshima are calculated using two components: a 1.4% fixed asset tax and a 0.3% city planning tax (in designated urban areas), both applied to the assessed value, which is typically lower than market price because Japanese tax authorities use their own valuation formulas.
There are some property tax reductions available in Hiroshima, including a residential land exemption that reduces the taxable land value to one-sixth for small residential plots, and newer buildings may qualify for temporary reductions in the first few years after construction.
If you want to go into more details, we also have a blog article detailing all the property taxes and fees in Hiroshima.
How much does landlord insurance cost for an apartment in Hiroshima in 2026?
As of early 2026, typical annual landlord insurance for an apartment in Hiroshima costs around ¥25,000 to ¥70,000 ($160 to $450 USD, or €150 to €415 EUR), depending on coverage level and whether you add earthquake insurance.
The realistic range of annual landlord insurance in Hiroshima breaks down as: fire and liability coverage alone runs ¥20,000 to ¥50,000 ($130 to $320 USD, or €120 to €295 EUR), while adding earthquake insurance (recommended in Japan) adds another ¥5,000 to ¥20,000 ($30 to $130 USD, or €30 to €120 EUR) depending on building structure and insured amount.
What's the typical property management fee for apartments in Hiroshima as of 2026?
As of early 2026, the typical property management fee for apartments in Hiroshima is around 5% of monthly rent, which for a ¥65,000 rent means roughly ¥3,250 per month or ¥39,000 per year ($250 USD or €230 EUR annually).
The realistic range of property management fees in Hiroshima spans from about 3% of rent for basic rent-collection-only services up to 8% to 10% of rent for full-service management that includes tenant finding, maintenance coordination, and regular property inspections.
Standard property management services in Hiroshima typically include rent collection and deposit into your account, tenant communication, coordination of repairs and maintenance, and handling of move-in and move-out inspections, though tenant finding (advertising and screening) is sometimes charged separately as a one-time fee equivalent to one month's rent.
We made this infographic to show you how property prices in Japan compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Hiroshima, we always rely on the strongest methodology we can, and we don't throw out numbers at random.
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 |
|---|---|---|
| West Japan REINS | Official transaction network for real estate agents in western Japan. | We used Hiroshima Prefecture used-condo averages to anchor purchase price assumptions. We then applied a small premium for central Hiroshima City wards. |
| AtHome | One of Japan's biggest property portals with transparent rent data. | We used ward-level rent data to pin down current Hiroshima City rent levels. We treated these as market asking rents for our yield calculations. |
| LIFULL HOME'S | Major national portal with large dataset and clear methodology. | We used it to cross-check rent levels and confirm our assumptions were not portal-specific. We validated directional trends across both portals. |
| Hiroshima City Statistics | Official city government housing and land survey data. | We used it to ground our analysis in real housing stock context. We confirmed Hiroshima is a large, mature market where yields are moderate. |
| MLIT Minpaku Overview | National ministry's official guidance on short-term rental law. | We used it to confirm the 180-day annual cap for Minpaku operations. We applied this cap directly in our short-term yield calculations. |
| Hiroshima City Minpaku List | City government's updated list of registered Minpaku facilities. | We used it to confirm local compliance requirements exist. We advise checking whether your building is already Minpaku-active. |
| REINS Condo Fee Study | Formal report on management fees based on transaction data. | We used it to estimate the magnitude of monthly condo costs in yen per square meter. We adjusted slightly downward for Hiroshima versus Tokyo. |
| MLIT Repair Reserve Guideline | Ministry guideline helping owners judge if reserve funds are realistic. | We used it to justify including meaningful reserve costs in net yield. We emphasized that repair reserves are real, recurring costs. |
| Kanazawa City Tax Guide | Official city tax guide stating nationally consistent tax rates. | We used it to cite the 1.4% fixed asset tax and 0.3% city planning tax framework. We translated this into effective percentages of market price. |
| JETRO Tax Overview | Government-related organization and standard reference for foreign investors. | We used it to cross-check that property ownership taxes exist beyond rent income tax. We kept our tax section conservative. |
| Daito Kentaku | One of Japan's largest rental housing operators with explicit fee guidance. | We used it to anchor the typical 5% rental management fee benchmark. We applied this directly in our net yield calculations. |
| GIROJ | Industry-wide rating body for regulated insurance rates in Japan. | We used it to confirm earthquake insurance pricing follows a rule-based system. We kept our insurance estimates conservative. |
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