What are the rental yields for apartments in Nagoya? (2026)

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Neighborhoods and apartment rental yields in the 2026 Nagoya apartment market

This table compares apartment rental yields in Nagoya by neighborhood and apartment type.

For each ward, the table shows estimated purchase price, estimated monthly rent, gross rental yield, and net rental yield for studios, 1-bedroom apartments, and 2-bedroom apartments.

The table is designed to help a beginner compare rental income in Nagoya without mixing apartment formats, central lifestyle areas, and cheaper outer wards into one confusing average. Finally, please note you'll find much more detailed data in our real estate pack about Nagoya.

We have made this infographic to give you a quick and clear snapshot of the property market in Japan. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.

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

The neighborhoods that offer the best net yield among areas people actually want to live in Nagoya are Meito Ward, Tenpaku Ward, Chikusa Ward, and Mizuho Ward.

Tenpaku has the highest estimated net yields in the dataset, with 6.6% for studios, 6.5% for 1-bedroom apartments, and 6.8% for 2-bedroom apartments. That is unusually strong for a residential apartment market where the entry price is still relatively low.

Meito is almost as compelling. A studio is estimated at ¥7.0 million and ¥59,000 monthly rent, while a 2-bedroom apartment is estimated at ¥15.0 million and ¥124,000 monthly rent.

Chikusa is the more central-adjacent choice. Its 2-bedroom apartments show 5.1% estimated net yield, which is lower than Tenpaku or Meito but much stronger than Nakamura, Nishi, Naka, or Atsuta.

Mizuho is useful for buyers who want a calmer residential profile. Its estimated net yields are 4.9% for studios, 4.9% for 1-bedroom apartments, and 5.1% for 2-bedroom apartments.

The practical takeaway is that the best Nagoya apartment rental yield is not only about the highest percentage. A beginner buyer should prefer a high yield that is backed by livability, transport access, and a tenant pool that is broad enough to survive a vacancy.

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

The best places to find apartments with above-average yields and below-average entry prices in Nagoya are Tenpaku Ward, Meito Ward, Nakagawa Ward, Minami Ward, and Midori Ward.

Tenpaku is the clearest value case. A 1-bedroom apartment is estimated at ¥9.1 million with ¥77,000 monthly rent, producing 10.2% gross yield and 6.5% net yield.

Meito gives a slightly higher entry price than Tenpaku, but the tenant story is easier to defend. Its 1-bedroom apartments are estimated at ¥10.7 million and ¥87,000 monthly rent, with 9.8% gross yield and 6.2% net yield.

Nakagawa and Minami are strong income plays. Nakagawa shows estimated net yields of 5.8% to 6.0%, while Minami shows 5.9% to 6.0%.

Midori sits in the middle. Its 2-bedroom apartment estimate is ¥16.4 million with ¥116,000 monthly rent, which gives 8.5% gross yield and 5.6% net yield.

The honest interpretation is that below-average entry prices are useful only when the building is still rentable. In these wards, a buyer should check station access, building condition, and whether the rent level is supported by nearby daily demand.

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

The rent level most clearly justifies the purchase price in Nagoya in Tenpaku Ward, Meito Ward, Nakagawa Ward, Minami Ward, and Chikusa Ward.

Tenpaku has the strongest rent-to-price relationship in the table. Its studio estimate is ¥5.9 million with ¥52,000 monthly rent, producing 10.6% gross yield.

Meito is also very rational for rental income. A 2-bedroom apartment is estimated at ¥15.0 million and ¥124,000 monthly rent, which gives 9.9% gross yield and 6.5% net yield.

Nakagawa and Minami both show gross yields around 9% across apartment types. The rent level does not look high in absolute terms, but the purchase price is low enough to make the income work.

Chikusa is a different type of value. A 2-bedroom apartment is estimated at ¥22.3 million and ¥144,000 monthly rent, giving 7.7% gross yield and 5.1% net yield in a more established residential market.

The contrast with Nakamura is important. Nakamura has the highest estimated purchase prices in the dataset, but estimated net yields are only 2.8% to 3.1%, which means the rent does not fully justify the capital required.

We have actually built the our real estate pack about Nagoya to make sure you won’t buy in the wrong area. Check it out.

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 Ward, Meito Ward, Mizuho Ward, Showa Ward, and Higashi Ward.

These wards do not all produce the highest yield, but they have a clearer residential demand story. That matters because a stable tenant is often more valuable than a yield estimate that depends on perfect occupancy.

Chikusa is the best central-adjacent balance. Its estimated net yields range from 4.6% to 5.1%, with 2-bedroom apartments renting for about ¥144,000 per month.

Meito is the strongest stability-plus-yield choice. It offers estimated net yields of 6.2% to 6.5%, while still looking more defensible for family and longer-stay demand than several cheaper wards.

Mizuho and Showa are more moderate. Mizuho 2-bedroom apartments show 5.1% net yield, while Showa 2-bedroom apartments show 4.6% net yield, which points to steady rather than spectacular income.

Higashi is not a maximum-yield market, but monthly rents are high. Studios are estimated at ¥66,000, 1-bedroom apartments at ¥104,000, and 2-bedroom apartments at ¥148,000, which helps support a deeper tenant pool.

Which apartment type gives the best return for the lowest total investment in Nagoya?

The apartment type that gives the best return for the lowest total investment in Nagoya is usually the 1-bedroom apartment, with studios also useful when the location is strong.

The reason is that 1-bedroom apartments often keep the entry price manageable while appealing to more renters than a very compact studio. That broader appeal can reduce leasing friction for a beginner buyer.

Tenpaku shows this clearly. A 1-bedroom apartment is estimated at ¥9.1 million, rents for ¥77,000 per month, and produces 6.5% net yield.

Meito gives another strong example. Its 1-bedroom estimate is ¥10.7 million with ¥87,000 monthly rent and 6.2% net yield.

Studios can still be efficient. Tenpaku studios show 6.6% net yield, while Meito studios show 6.3% net yield, both at a lower total purchase price than 1-bedroom units.

Two-bedroom apartments work best in family-oriented wards such as Meito, Tenpaku, Midori, and Mizuho. They are less ideal when the purchase price rises too quickly, as in Nakamura, where 2-bedroom net yield is only 3.1%.

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 neighborhoods that offer strong rental income with lower vacancy risk in Nagoya are Chikusa Ward, Meito Ward, Mizuho Ward, Showa Ward, and Higashi Ward.

These areas are attractive because the rent is supported by real residential demand, not only by a cheap purchase price. That distinction matters when a vacancy, repair, or weak resale market can erase the benefit of a high headline yield.

Chikusa has one of the best combinations. A 1-bedroom apartment is estimated at ¥101,000 monthly rent, while a 2-bedroom apartment is estimated at ¥144,000 monthly rent.

Meito has lower absolute rents than Chikusa for larger units, but much stronger yield. A 2-bedroom apartment at ¥124,000 monthly rent and ¥15.0 million purchase price gives 6.5% estimated net yield.

Higashi and Naka have the highest estimated 2-bedroom rents in the table at ¥148,000 per month. The issue is that their purchase prices are higher, so the income is stable but the yield is not exceptional.

The practical takeaway for buying an apartment in Nagoya is to treat rent level and vacancy risk separately. High rent helps, but broad tenant demand and building quality decide whether that rent is realistic.

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 areas look overpriced relative to their rental income in Nagoya?

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

Nakamura is the clearest weak yield case. Studios are estimated at ¥16.2 million and ¥61,000 monthly rent, which gives only 4.5% gross yield and 2.8% net yield.

Nakamura 1-bedroom apartments are also stretched. The estimated purchase price is ¥24.8 million, while monthly rent is ¥96,000, producing only 3.0% net yield.

Nishi is not as extreme, but it is still income-light compared with cheaper residential wards. Its estimated net yields range from 3.8% to 4.3%.

Naka and Higashi are strong lifestyle and access markets, but purchase prices absorb much of the rent. Naka 2-bedroom apartments rent for about ¥148,000 per month, yet the estimated net yield is only 4.4% because the purchase price is ¥26.4 million.

The trade-off is not bad area versus good area. These wards may be easier to understand and resell, but they are weaker if the buyer needs rental income from day one.

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

Beginner buyers should be careful with Minato Ward, Moriyama Ward, Minami Ward, and weaker pockets of Nakagawa Ward, even when the rental yield looks attractive.

Minato shows estimated net yields of 5.9% to 6.1%, which looks strong on paper. The risk is that the low purchase price may reflect weaker resale liquidity and a thinner tenant pool.

Moriyama also shows good headline yields, with estimated net yields of 5.4% to 5.6%. But the studio rent is only ¥47,000 per month, the lowest rent figure in the table.

Minami can work, especially because estimated net yields are close to 6.0%. But a beginner buyer should not treat the whole ward as equally liquid or equally easy to rent.

Nakagawa is more balanced, but station access matters heavily. A strong building near useful transport is a different investment from an older apartment in a weaker location.

The practical rule is simple: avoid apartments where the only attractive feature is the yield percentage. A high yield should be backed by tenant demand, building quality, and a realistic exit route.

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

The neighborhoods that look risky even though the rental yield is high in Nagoya are Minato Ward, Moriyama Ward, Minami Ward, and selected Nakagawa Ward locations.

The risk is not that these wards cannot work. The risk is that the headline yield may be high because the purchase price is low, not because the rental market is exceptionally deep.

Minato is a good example. A 1-bedroom apartment is estimated at ¥9.8 million and ¥78,000 monthly rent, producing 6.1% net yield, but the investor must check resale demand and tenant depth carefully.

Moriyama looks strong numerically, but its rent levels are modest. A 1-bedroom apartment is estimated at ¥70,000 monthly rent, which means a vacancy or repair bill can have a visible effect on annual income.

Minami and Nakagawa can be good income markets when the building is close to transport and priced realistically. They become risky when the buyer accepts a weak location only because the spreadsheet yield looks high.

The safer alternative is usually Meito or Tenpaku. Those wards still offer high estimated net yields, but the residential tenant case is easier to explain.

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

When buying a rental apartment in Nagoya, a beginner should avoid Nakamura for pure income yield, Minato for beginner risk, Moriyama for tenant-depth risk, and weak-station pockets of Nakagawa or Minami.

Nakamura is the most obvious avoid for yield-focused buyers. Its estimated net yields of 2.8% to 3.1% are far below Tenpaku, Meito, Minami, Minato, and Nakagawa.

Minato should not be rejected completely, but it needs a strict filter. The yield looks good, yet the buyer should require strong station access, a good building, and a clear rent comparable.

Moriyama is cheap, but cheap does not automatically mean easy to rent. The studio estimate of ¥47,000 monthly rent gives limited room for leasing delays, repairs, or tenant turnover.

Nakagawa and Minami are not automatic avoid areas. They become avoid areas when the apartment is old, far from transport, or priced as if the ward average applies to every micro-location.

The honest beginner rule is to avoid weak combinations, not just weak names. Low yield in an expensive ward and high yield in a weak building can both be bad investments.

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

The neighborhoods where rental demand looks more fragile in Nagoya are outer Moriyama, weaker Minato pockets, and less-connected parts of Minami and Nakagawa.

The signal is not necessarily falling rent. The signal is thinner tenant depth, lower absolute rent, and more dependence on the exact station, building, and local convenience.

Moriyama shows the lowest estimated studio rent in the dataset at ¥47,000 per month. That can still work, but the income cushion is thin if the owner faces vacancy or repairs.

Minato has attractive net yields of 5.9% to 6.1%, but the yield is partly a function of low entry prices. A buyer should ask why the market is pricing the apartment so cheaply.

Minami and Nakagawa are more location-sensitive than their ward averages suggest. A convenient apartment can rent well, while a weaker apartment can need discounting to compete.

The practical recommendation is to monitor these areas instead of rejecting them blindly. Buy only when the apartment has a clear tenant reason, such as station access, practical size, good condition, and a price that already reflects the risk.

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

The neighborhoods where new developments could create stronger rental demand in Nagoya are Nakamura Ward, Naka Ward, Higashi Ward, and Atsuta or Kanayama-adjacent locations.

Nakamura has the clearest development and station-area story because it includes the Nagoya Station area. The problem is that the income yield is already weak, so a buyer may be paying for the story before the rent catches up.

Naka benefits from the role of Sakae as a commercial and lifestyle center. Estimated rents are high, with 1-bedroom apartments at ¥104,000 per month and 2-bedroom apartments at ¥148,000 per month.

Higashi is similar. Its rents are among the highest in the dataset, but the estimated purchase prices are also high, so the 2-bedroom net yield is only 4.6%.

Atsuta and Kanayama-adjacent locations are more practical than glamorous. Atsuta's estimated net yields range from 3.8% to 4.0%, but interchange convenience can support steadier rental demand when the building is well located.

The final recommendation is to separate demand creation from yield creation. New development can support rents, but if purchase prices move first, the rental yield can stay modest.

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.

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 logic in Nagoya are Nakamura Ward, Naka Ward, Atsuta Ward, Chikusa Ward, and Higashi Ward.

Nakamura benefits from the visibility and access of the Nagoya Station area. That visibility supports tenant demand, but it also pushes purchase prices high enough to compress net yields.

Naka and Higashi benefit from central access, office demand, shopping, and lifestyle convenience. Their 2-bedroom estimated rents are both ¥148,000 per month, the highest rent level in the table.

Chikusa is more interesting for yield buyers. It combines stronger access logic with better income math, including 5.1% estimated net yield for 2-bedroom apartments.

Atsuta is a practical transport-linked market. Its yields are not high, but the ward can appeal to buyers who prefer a more conservative location over a high-yield outer ward.

The best investor takeaway is to buy transport access where the price has not fully caught up. In this dataset, Chikusa looks more rational than Nakamura for income-focused buyers.

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

The neighborhoods that have become less attractive for apartment investors in Nagoya are Nakamura Ward, Nishi Ward, and parts of Naka and Higashi.

The issue is not that these are bad places to live. The issue is that purchase prices look stronger than rents for a buyer who wants income.

Nakamura has the weakest yield profile in the table. A 2-bedroom apartment is estimated at ¥34.7 million and ¥137,000 monthly rent, producing only 3.1% net yield.

Nishi is also stretched compared with cheaper residential wards. Its 1-bedroom apartment estimate is ¥18.1 million and ¥96,000 monthly rent, giving only 4.1% net yield.

Naka and Higashi remain attractive for lifestyle and tenant depth, but they are not the best places to maximize income. Their higher rents do not fully offset their higher purchase prices.

The practical conclusion is not to avoid these wards in every case. A buyer should require a discount, an exceptional location, or a clear resale reason before accepting a lower yield.

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

The apartment types becoming harder to rent in Nagoya are older studios in weaker outer wards and overpriced 2-bedroom apartments in expensive central wards.

Older studios are more fragile in Moriyama, Minato, and weaker Minami or Nakagawa pockets. Rent levels can be modest, and tenant turnover can quickly reduce the real net yield.

Moriyama shows why this matters. The estimated studio rent is only ¥47,000 per month, so even a short vacancy can erase a meaningful part of annual income.

Overpriced 2-bedroom apartments are a different problem. In Nakamura, a 2-bedroom apartment costs about ¥34.7 million and rents for ¥137,000 per month, producing only 3.1% net yield.

Nishi and Naka 2-bedroom apartments also require caution. The rents are high in absolute terms, but the purchase prices are high enough to keep net yields in the 4.3% to 4.4% range.

The most liquid apartment type is usually a well-located 1-bedroom apartment near transit. It can serve single professionals, couples, and longer-stay renters while avoiding the very high ticket size of a 2-bedroom unit.

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.