What rental yield can you expect in Nagoya? (2026)

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Residential property rental yields in Nagoya in 2026

This table compares residential property rental yields in Nagoya by ward and bedroom count. The dataset focuses on long-term residential rentals, mainly used condominium and mansion apartment units.

For each ward, the table shows estimated average purchase price, estimated monthly rent, gross rental yield, and net rental yield for 1-bedroom, 2-bedroom, and 3-bedroom properties. Net yield is more useful for a buyer because it reflects recurring ownership costs, vacancy allowance, leasing costs, repairs, taxes, insurance, and building-level expenses.

Finally, please note you'll find much more detailed data in our real estate pack about Nagoya.

Which neighborhoods offer the best net yield among areas people actually want to live in Nagoya?

The best net-yield neighborhoods among areas people actually want to live in Nagoya are Meito Ward, Tempaku Ward, Chikusa Ward, Showa Ward, and Mizuho Ward.

Meito and Tempaku have the strongest modeled income performance. Meito shows about 6.5% net yield for 1-bedroom units, 5.8% for 2-bedroom units, and 5.9% for 3-bedroom units, while Tempaku shows about 6.8%, 5.2%, and 5.3%.

Chikusa, Showa, and Mizuho are lower-yield but more balanced. Chikusa shows about 4.6% net yield for 1-bedroom units and 4.2% for both 2-bedroom and 3-bedroom units, while Showa is close at 4.7%, 4.2%, and 4.2%.

The practical takeaway for a beginner buyer is that Meito and Tempaku pay better, while Chikusa and Showa are easier to understand as stable residential rental markets. Mizuho sits between those two profiles, with moderate pricing and respectable tenant demand.

The highest numerical yield is not always the best residential property investment return in Nagoya. Minato, Minami, Nakagawa, and Moriyama can look attractive, but the tenant pool, resale liquidity, and building quality need closer checking.

Where can I find residential properties with above-average yields and below-average entry prices in Nagoya?

The clearest below-average-price and above-average-yield areas in Nagoya are Tempaku, Meito, Nakagawa, Minami, Midori, and Moriyama.

Tempaku is the lowest-entry example in the table. A modeled 1-bedroom property costs about ¥9.3m, rents for about ¥72k per month, and produces about 9.3% gross yield and 6.8% net yield.

Meito is slightly more expensive but still attractive. A modeled 2-bedroom property costs about ¥15.6m and rents for about ¥105k per month, producing about 8.1% gross yield and 5.8% net yield.

Midori is another useful beginner area because the prices remain moderate. A modeled 1-bedroom unit costs about ¥12.0m and rents for about ¥76k per month, producing about 7.6% gross yield and 5.6% net yield.

The caution is that low price can also signal weaker liquidity. Minami, Moriyama, and Nakagawa require more building-level due diligence than Chikusa or Showa because station access, building age, and resale demand can vary sharply from one property to another.

Where does the rent level justify the purchase price most clearly in Nagoya?

The rent level most clearly justifies the purchase price in Meito, Tempaku, Chikusa, Showa, and Mizuho.

Meito is the standout for rent-to-price efficiency. The table shows a modeled 2-bedroom purchase price of about ¥15.6m and monthly rent of about ¥105k, which translates into about 8.1% gross yield and 5.8% net yield.

Tempaku is even stronger at the entry level. Its modeled 1-bedroom unit costs about ¥9.3m and rents for about ¥72k per month, giving the highest modeled 1-bedroom net yield in the table at about 6.8%.

Chikusa and Showa are less aggressive on yield but more credible for stability. Chikusa’s modeled 3-bedroom rent is about ¥143k on a purchase price of about ¥27.1m, while Showa’s modeled 3-bedroom rent is about ¥129k on about ¥24.9m.

Nakamura is the opposite case. A modeled 2-bedroom unit costs about ¥36.2m and rents for only about ¥101k, so the net yield falls to about 2.3% despite the area’s strong station appeal.

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Where is the best place to buy if I want stable rental income rather than maximum yield in Nagoya?

The best places to buy for stable rental income rather than maximum yield in Nagoya are Chikusa, Higashi, Showa, Naka, and Mizuho.

These wards are not always the highest-yielding areas, but they have deeper tenant demand and better everyday livability. That matters because a lower vacancy risk can be more valuable than a slightly higher headline yield.

Chikusa is a strong stability choice. A modeled 1-bedroom property rents for about ¥88k per month and produces about 4.6% net yield, while 2-bedroom and 3-bedroom properties both show around 4.2% net yield.

Showa has a similar profile. The modeled 1-bedroom purchase price is about ¥15.1m, monthly rent is about ¥79k, and net yield is about 4.7%, supported by student, family, and residential demand.

Higashi and Naka are more central and more expensive. Higashi shows net yields around 3.8% to 4.2%, while Naka shows around 3.3% to 4.0%, but both offer stronger central access and resale liquidity than many outer wards.

The honest interpretation is simple: Tempaku and Meito pay better, while Chikusa, Showa, Higashi, Naka, and Mizuho sleep better.

What type of residential property should a beginner investor buy to maximize rental profitability in Nagoya?

A beginner investor should usually buy a used 1-bedroom or compact 2-bedroom condominium near a subway or rail station to maximize rental profitability in Nagoya.

The 1-bedroom format is the strongest yield format in most wards. In Tempaku, the modeled 1-bedroom net yield is about 6.8%, compared with 5.2% for 2-bedroom units and 5.3% for 3-bedroom units.

Meito also supports this pattern. Its 1-bedroom model shows about 8.8% gross yield and 6.5% net yield, while its 2-bedroom and 3-bedroom models remain strong at about 5.8% and 5.9% net yield.

The reason is practical. Smaller condominium units are easier to buy, easier to compare, easier to lease, and usually less exposed to large repair surprises than detached houses or unusual older properties.

A compact 2-bedroom can be a safer long-stay choice in Meito, Chikusa, Showa, Mizuho, and Midori. The purchase price is higher, but the tenant pool can include couples and small families who may stay longer.

We give you more details in the our real estate pack about Nagoya.

Which neighborhoods offer strong rental income with the lowest vacancy risk in Nagoya?

The Nagoya neighborhoods that offer strong rental income with lower vacancy risk are Chikusa, Higashi, Naka, Showa, and Mizuho.

These wards combine credible rent levels with deeper renter demand. The tenant pool is not limited to bargain hunters, and that improves the odds of finding tenants in weaker leasing periods.

Chikusa is especially useful because the rent level is strong across all bedroom counts. The modeled monthly rent is about ¥88k for 1-bedroom, ¥115k for 2-bedroom, and ¥143k for 3-bedroom properties.

Higashi and Naka are central and convenient. Higashi shows modeled rents of about ¥91k, ¥120k, and ¥149k across 1-bedroom, 2-bedroom, and 3-bedroom properties, while Naka shows about ¥91k, ¥110k, and ¥136k.

Mizuho is a middle-ground option. It has lower entry prices than Naka or Higashi, with modeled 1-bedroom purchase price around ¥13.9m and net yield around 5.1%.

High rent alone is not enough. Nakamura rents are respectable, but purchase prices are high enough that modeled 2-bedroom and 3-bedroom net yields fall to about 2.3%.

Which areas look overpriced relative to their rental income in Nagoya?

The areas that look most overpriced relative to rental income in Nagoya are Nakamura, Naka, Nishi, and parts of Higashi.

Nakamura is the clearest example because Nagoya Station pricing pushes purchase prices far above the income level supported by long-term rent. A modeled 1-bedroom unit costs about ¥25.5m and rents for about ¥85k, producing only 2.8% net yield.

The 2-bedroom and 3-bedroom numbers in Nakamura are even weaker. The modeled 2-bedroom unit costs about ¥36.2m and rents for about ¥101k, while the modeled 3-bedroom unit costs about ¥42.1m and rents for about ¥126k, with both net yields around 2.3%.

Naka and Higashi are not weak neighborhoods. The issue is that prices are high enough to reduce income efficiency. Naka’s modeled 2-bedroom net yield is about 3.3%, and Higashi’s modeled 2-bedroom net yield is about 3.8%.

Nishi also looks stretched for income buyers. Its modeled 2-bedroom and 3-bedroom net yields are only about 3.0%, even though the area can still make sense for lifestyle, access, and resale reasons.

The practical takeaway is that prestige and rental yield are different things. These wards can preserve capital better than cheaper areas, but they are not the most efficient places to buy if monthly rental income is the main goal.

Which neighborhoods should I avoid even if the rental yield looks attractive in Nagoya?

Beginner investors should be careful with Minato, Minami, Moriyama, and parts of Nakagawa, even when the rental yield looks attractive in Nagoya.

The issue is not that these wards cannot work. The issue is that their high yields often come from lower purchase prices, and low prices can reflect weaker tenant depth, older stock, or lower resale liquidity.

Minato shows strong modeled yields, including about 5.8% net yield for 1-bedroom units and 4.7% for 3-bedroom units. But the ward can be more uneven for long-term tenant demand and future resale demand than Chikusa or Showa.

Minami has a similar warning sign. A modeled 1-bedroom unit shows about 5.9% net yield, but older buildings, management quality, and station access need careful checking before a foreign buyer commits.

Moriyama and Nakagawa can be attractive when the specific property is well located and well managed. But weaker station access changes the tenant pool and makes leasing more dependent on local demand.

The better rule is not to avoid whole wards blindly. Avoid weak buildings, weak station access, poor repair reserves, unclear management condition, and properties with few resale comparables.

Which neighborhoods look risky even though the rental yield is high in Nagoya?

The neighborhoods that can look risky even though the rental yield is high in Nagoya are Minato, Minami, Moriyama, Nakagawa, and parts of Tempaku.

These wards often show attractive modeled yields because purchase prices are low. That does not automatically mean tenant demand is deep or resale liquidity is strong.

Tempaku has the best modeled 1-bedroom income profile in the table, with about 9.3% gross yield and 6.8% net yield. But it is still more local and property-specific than Chikusa, Naka, or Higashi.

Minato and Minami show the classic high-yield warning. Minato’s modeled 1-bedroom net yield is about 5.8%, and Minami’s is about 5.9%, but buyer demand and rental demand can be less forgiving in weaker sub-locations.

Nakagawa and Moriyama also need close station-level analysis. A property near a practical rail connection is very different from a cheaper unit that depends on car access or a narrow local tenant base.

The safer alternative for yield is often Meito or Midori. The safer alternative for stability is usually Chikusa, Showa, Mizuho, Higashi, or Naka.

What neighborhoods should I avoid when buying a rental property in Nagoya?

When buying a rental property in Nagoya, a beginner should avoid weak versions of Minato, Minami, Moriyama, Nakagawa, and low-yield expensive assets in Nakamura.

This is not a full-neighborhood ban. It is a warning against buying properties where the only attractive number is a low purchase price or where the rent does not justify the capital required.

Minato is difficult for a standard beginner condo rental strategy unless the property has strong access and a clear tenant pool. The modeled yields are attractive, but demand can be uneven.

Minami can work near good transport, but very old stock needs careful inspection. Repair reserves, building management, and future major repairs can turn a good gross yield into a weaker real return.

Moriyama and Nakagawa require strict station-access discipline. If the property is not convenient for renters, the headline yield can be misleading.

Nakamura is a different kind of avoid case. The area is not weak, but income buyers should avoid overpaying for station prestige when the modeled 2-bedroom and 3-bedroom net yields sit around only 2.3%.

Which neighborhoods are seeing rental demand weaken, and why, in Nagoya?

Rental demand looks most fragile in Minato, Minami, Moriyama, and some older-stock parts of Nakagawa.

The weakness is mainly about tenant depth. These wards can show good income math, but the demand pool can become thin when the building is old, far from rail, poorly managed, or surrounded by less desirable uses.

Minato and Minami are the most important caution areas. Their modeled 1-bedroom net yields are about 5.8% and 5.9%, but the yield partly reflects lower acquisition prices rather than unusually strong rent pressure.

Moriyama can also be fragile when access is weak. Its modeled 2-bedroom net yield is about 4.8%, but a foreign owner should check how many comparable rentals actually lease quickly near the specific station.

Nakagawa has attractive 1-bedroom income math, with about 6.0% modeled net yield, but tenant depth can be thinner than in Chikusa or Showa. The lower purchase price is useful only if vacancy risk stays controlled.

For a beginner buyer, these are negotiate-hard areas. The purchase price should compensate for building age, leasing risk, management quality, and resale uncertainty.

Which neighborhoods are seeing new developments that could create stronger rental demand in Nagoya?

The neighborhoods where new development could support stronger rental demand in Nagoya are Naka, Higashi, Nakamura, and parts of Chikusa.

Naka and Higashi benefit from the Sakae redevelopment story and central lifestyle demand. This can support renters who want office access, shopping, restaurants, subway convenience, and a central daily routine.

Nakamura benefits from the long-term role of Nagoya Station, even though yield buyers must be careful. The station area has strong strategic appeal, but the modeled net yield is weak because purchase prices are very high.

Chikusa benefits from a different type of demand. It is not only a redevelopment story, but also a stable residential, university, hospital, and lifestyle market where renters may choose quality of life over pure centrality.

The key point is that development-positive areas often price in the good news early. Naka, Higashi, and Nakamura can be good liquidity markets, but they are not automatically good yield markets.

For yield-focused buyers, Chikusa and Showa may offer a better balance than the most expensive station-core assets. For capital preservation, Naka, Higashi, and Nakamura remain easier to understand.

Which neighborhoods are becoming more attractive to renters because of recent infrastructure or transport changes in Nagoya?

The neighborhoods becoming more attractive to renters because of transport and central access in Nagoya are Naka, Higashi, Nakamura, Chikusa, and Atsuta or Kanayama-adjacent areas.

Nagoya is a station-oriented rental market. Renters often compare walking distance, subway access, rail connections, commute time, and daily convenience before they compare gross floor area.

Naka and Higashi benefit from central subway access and Sakae-area activity. Even though the table shows only moderate net yields, around 3.3% to 4.0% in Naka and 3.8% to 4.2% in Higashi, rental stability is supported by convenience.

Nakamura remains important because Nagoya Station is one of the city’s strongest transport and employment nodes. But the rental yield case is weak, with modeled net yields from about 2.3% to 2.8% across the bedroom counts.

Chikusa is attractive because it combines rail access, residential quality, university demand, and everyday livability. Its modeled 1-bedroom monthly rent of about ¥88k is high enough to keep net yield around 4.6%.

Atsuta and Kanayama-adjacent locations can work when the property has practical station access. Atsuta’s modeled yields are not the highest, but the area can suit buyers who want a more conservative rental profile.

Which neighborhoods have become less attractive for property investors over the last 12 months in Nagoya?

The neighborhoods that have become less attractive for yield-focused property investors in Nagoya are Nakamura, Naka, Nishi, and parts of Higashi.

These wards remain desirable places to live and own. The problem is that purchase prices are high relative to the rent that long-term residential tenants are likely to pay.

Nakamura is the clearest weak-yield example. The modeled 1-bedroom purchase price is about ¥25.5m, which is much higher than Chikusa at ¥16.4m, Showa at ¥15.1m, or Mizuho at ¥13.9m, but the modeled 1-bedroom rent is only about ¥85k.

Naka also looks expensive for income. A modeled 3-bedroom unit costs about ¥32.0m and rents for about ¥136k, producing about 5.1% gross yield and 3.3% net yield.

Nishi is similar. The modeled 2-bedroom net yield is about 3.0%, and the modeled 3-bedroom net yield is also about 3.0%, which leaves limited income cushion after costs and vacancy.

The practical conclusion is not to avoid these wards completely. Avoid buying them with a pure income thesis unless the specific property is discounted, close to transport, well managed, and clearly easier to resell.

Which property types are becoming harder to rent in Nagoya, and in which neighborhoods?

The property types becoming harder to rent in Nagoya are older family-sized condos in weaker outer locations and expensive central units where rent does not match the purchase price.

Older 2-bedroom and 3-bedroom units can be harder in Minato, Minami, Moriyama, and parts of Nakagawa when the building is far from rail, lacks parking, has weak management, or needs major repairs.

For example, Minato’s modeled 3-bedroom net yield is about 4.7%, which looks usable, but the tenant pool for family-sized units can be narrower if the property does not offer strong convenience or building quality.

Expensive central properties face a different problem. Nakamura’s 2-bedroom and 3-bedroom units show only about 2.3% modeled net yield, which means the rent is not high enough to support the purchase price for an income-focused buyer.

Naka and Nishi also need caution in larger formats. The modeled 3-bedroom net yield is about 3.3% in Naka and 3.0% in Nishi, so the owner has less room for repairs, vacancy, and leasing costs.

The safer beginner format remains a well-managed 1-bedroom or compact 2-bedroom condominium near transport. It gives broader tenant demand and usually stronger income efficiency than an old, large, or poorly located unit.

Which bedroom count offers the best balance between entry price, rental yield, and tenant demand in Nagoya?

The 1-bedroom property offers the best balance between entry price, rental yield, and tenant demand in Nagoya.

The reason is visible across the table. The 1-bedroom format has the lowest purchase price in every ward, and in many wards it also produces the highest modeled net yield.

Tempaku is the clearest example. The 1-bedroom model costs about ¥9.3m and produces about 6.8% net yield, while the 2-bedroom and 3-bedroom models cost about ¥13.2m and ¥15.4m and produce about 5.2% and 5.3% net yield.

Meito also supports the same conclusion. The modeled 1-bedroom net yield is about 6.5%, compared with about 5.8% for 2-bedroom units and 5.9% for 3-bedroom units.

The 2-bedroom format is a good second choice in Chikusa, Showa, Mizuho, Meito, and Midori because it can attract couples and small families. It may produce slightly lower yield, but it can improve tenant stability.

The 3-bedroom format works best only where family demand is clear. In Nagoya, that usually means Meito, Chikusa, Showa, Mizuho, and Midori rather than every cheap ward.

Who is the author of this content?

BAMBOOROUTES

A team specialized in real estate investing in APAC countries (Japan, Thailand, Indonesia, Australia, etc.).

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Nagoya. If you’d like to learn more about us, you can check our presentation page.