Authored by the expert who managed and guided the team behind the Japan Property Pack
This article covers rental yields for residential apartments in Nagoya across key neighborhoods and property types.
All figures reflect market conditions as of March 2026, and we update this blog post regularly so the data stays current.
Whether you are looking at a studio near Nagoya Station or a two-bedroom in Sakae, you will find the numbers here easy to compare and act on.
And if you're planning to buy a property in Nagoya, you may want to download our real estate pack about Nagoya.
A quick summary of the Nagoya apartment rental market in 2026
| Metric | Value |
|---|---|
| Nagoya neighborhood with the best rental yield | Fushimi (2-bedroom apartment, 8.3% gross yield) |
| Nagoya neighborhood with the weakest rental yield | Sakae (studio apartment, 7.0% gross yield at the lower end) |
| Average gross rental yield across Nagoya | ~7.6% |
| Average net rental yield across Nagoya | ~5.7% |
| Median purchase price for a Nagoya apartment | Around 11,000,000 yen |
| Average monthly rent for a Nagoya apartment | Around 72,000 yen |
| Average occupancy rate in Nagoya | ~94% |
| Fastest-leasing Nagoya neighborhood | Nagoya Station studios (average 10 days to rent) |
| Slowest-leasing Nagoya neighborhood | Fushimi 2-bedroom apartments (average 22 days to rent) |
| Highest occupancy in Nagoya | Nagoya Station studios (98%) |
| Best value high-yield segment in Nagoya | Fushimi 2-bedroom apartments (8.3% gross, 6.4% net) |
| Yield spread across Nagoya neighborhoods | From 6.9% to 8.3% gross yield |
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Nagoya apartment types and neighborhoods ranked by rental yield in 2026
This table ranks the top neighborhoods and apartment types in the Nagoya residential market by gross rental yield.
For each neighborhood and apartment type, the table includes the 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.
Finally, please note you'll find much more detailed data in our real estate pack about Nagoya.
| # | 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 | Fushimi | 2-bedroom apartment | 8.3% | 6.4% | 13,000,000 yen | 90,000 yen | 160,000 yen | 94% | 22 days | Young families and professionals | Risk of vacant units | Strong Potential |
| 2 | Sakae | 2-bedroom apartment | 8.0% | 6.0% | 15,000,000 yen | 100,000 yen | 180,000 yen | 90% | 20 days | Small families | High maintenance costs | Strong Potential |
| 3 | Meieki | 2-bedroom apartment | 8.1% | 6.1% | 14,000,000 yen | 95,000 yen | 170,000 yen | 92% | 21 days | Families and long-term tenants | Limited amenities | Strong Potential |
| 4 | Nagoya Station | Studio apartment | 7.5% | 5.8% | 8,000,000 yen | 50,000 yen | 100,000 yen | 98% | 10 days | Tourists and business travelers | High building age | Strong Potential |
| 5 | Meieki | Studio apartment | 7.6% | 5.5% | 9,200,000 yen | 58,000 yen | 120,000 yen | 97% | 13 days | Students and singles | Older buildings with limited features | Strong Potential |
| 6 | Nagoya Station | 2-bedroom apartment | 7.6% | 5.9% | 13,500,000 yen | 85,000 yen | 160,000 yen | 95% | 18 days | Families and expatriates | Increased demand for larger units | Strong Potential |
| 7 | Fushimi | 1-bedroom apartment | 7.4% | 5.7% | 11,000,000 yen | 68,000 yen | 130,000 yen | 96% | 16 days | Couples and young expats | Limited availability | Moderate Appeal |
| 8 | Nagoya Station | 1-bedroom apartment | 7.4% | 5.6% | 10,500,000 yen | 65,000 yen | 140,000 yen | 96% | 14 days | Young professionals | Risk of delayed rental income | Moderate Appeal |
| 9 | Meieki | 1-bedroom apartment | 7.3% | 5.4% | 11,500,000 yen | 70,000 yen | 150,000 yen | 94% | 17 days | Business professionals | Risk of rental fluctuation | Good Potential |
| 10 | Sakae | Studio apartment | 7.2% | 5.5% | 10,000,000 yen | 60,000 yen | 120,000 yen | 95% | 15 days | Young professionals | Noise from nightlife | Good Potential |
| 11 | Sakae | 1-bedroom apartment | 7.0% | 5.3% | 12,000,000 yen | 70,000 yen | 150,000 yen | 93% | 18 days | Singles and young couples | High competition from other rentals | Good Potential |
| 12 | Fushimi | Studio apartment | 6.9% | 5.3% | 9,500,000 yen | 55,000 yen | 110,000 yen | 97% | 12 days | Students and young professionals | High turnover rate | Good Potential |
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Key insights about apartment rental yields in Nagoya
Insights
- Nagoya's two-bedroom apartments in Fushimi deliver the highest gross yield in the city at 8.3%, which is notable given that larger apartments usually compress yields in most Japanese cities.
- Nagoya Station studios have the highest occupancy rate in the entire dataset at 98% and rent out in just 10 days on average, making them the most liquid rental asset in the Nagoya market.
- Across all Nagoya neighborhoods analyzed, net rental yields average around 5.7%, which is meaningfully higher than what most major Japanese cities like Tokyo or Osaka tend to offer for comparable asset types.
- Fushimi has the lowest gross yield for studios (6.9%) but still achieves a competitive net yield of 5.3% due to lower annual ownership fees compared to Sakae properties of a similar type.
- Two-bedroom apartments in Sakae, Meieki, and Fushimi all deliver gross yields above 8%, suggesting that larger Nagoya apartments are not penalized by the market the way they are in premium Tokyo districts.
- The spread between gross and net yields in Nagoya is relatively narrow, around 1.5 to 1.9 percentage points, which points to manageable ownership costs across the city.
- Meieki studios achieve a 97% occupancy rate and rent out within 13 days, driven by demand from students and singles, making them one of the most reliable entry-level rental investments in Nagoya.
- Properties near Nagoya Station attract both short-term business travelers and long-term family tenants, giving owners more flexibility in how they position their rental strategy.
- Sakae 2-bedroom apartments offer an 8.0% gross yield but come with annual fees of around 180,000 yen, the highest in the dataset, which investors should factor in carefully when projecting net returns.
- Among all 12 property segments analyzed in Nagoya, none falls below a 6.9% gross yield, which is unusually consistent and suggests the Nagoya residential rental market has a strong demand floor across all neighborhoods.
- Fushimi 1-bedroom apartments attract young expatriates, a tenant segment that often signs longer leases and is less price-sensitive, which supports more stable income for owners despite a moderate gross yield of 7.4%.
- Time-to-rent across Nagoya ranges from 10 days (Nagoya Station studios) to 22 days (Fushimi 2-bedrooms), a relatively tight range that confirms strong baseline demand throughout the city.
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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 Nagoya.
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 Nagoya neighborhood and property type, we aggregated the freshest purchase price and monthly rent data available. When possible, we cross-checked multiple sources to confirm the same range.
This allowed us to estimate rental yield before costs. That 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 specific to Nagoya apartments.
These expenses vary by neighborhood. That is why two Nagoya areas with similar rents can still produce different net returns.
For example, central Nagoya neighborhoods like Sakae tend to carry higher building service charges and maintenance costs. Older buildings near Meieki or Nagoya Station may carry additional repair or insurance costs. In high-turnover areas, vacancy costs can also eat into returns.
We also estimated ownership annual fees by combining the main recurring costs linked to each apartment. This includes items such as property taxes, building service charges where relevant, insurance, and a maintenance allowance.
These estimates were not applied as one flat number across Nagoya. They were adjusted by neighborhood and property type to better reflect local ownership conditions.
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 Nagoya.
What sources have we used to write this article about Nagoya rental yields?
Whether it's in our blog articles or the market analyses included in our real estate pack about Nagoya, 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 reliable | How we used it |
|---|---|---|
| Statistics Bureau of Japan | It is the official government body responsible for national population and economic statistics in Japan. | We used this source to reference population trends and economic conditions in Nagoya. This helped us better understand the underlying demand for rental apartments across the city's main neighborhoods. |
| Nagoya City Official Website | It is the official municipal platform for Nagoya, publishing local government reports and urban development data. | We reviewed real estate and development data published by Nagoya City to understand neighborhood-level conditions. This gave us a clearer picture of where residential demand is growing or stabilizing. |
| Japan Real Estate Institute | It is a well-established and trusted source for real estate market reports across Japan. | We consulted their reports to understand general property trends and price benchmarks in Nagoya. This helped us cross-check our purchase price estimates against broader market data. |
| REINS (Real Estate Information Network System) | It is a major database used by real estate professionals across Japan for sales and rental market analysis. | We used REINS data to verify specific sales and rental figures for apartments in Nagoya neighborhoods. This allowed us to ground our yield estimates in actual transaction data. |
| Japan Ministry of Land, Infrastructure, Transport and Tourism | It is the official government ministry that publishes land, housing, and infrastructure reports for Japan. | We used official housing reports from this ministry to assess government forecasts on rental conditions in Nagoya. This was particularly useful for understanding how policy trends may affect future rental yields. |
| Tokyo Kantei | It is a trusted provider of residential property price data and real estate market analysis across Japan. | We reviewed Kantei's reports for property price trends in Nagoya and expected rental yields by apartment type. Their data helped us validate our net yield estimates after ownership costs. |
| The Japan Times | It is Japan's leading English-language newspaper with consistent and reliable reporting on economic and real estate topics. | We used relevant articles from The Japan Times to provide context on conditions in the Nagoya residential market. This was particularly useful for understanding expat demand and broader market sentiment. |
| Japan Property Management Association | It is the main industry body representing property management firms across Japan, with strong credibility in the sector. | We used this source to understand typical property management costs and operational trends affecting apartment owners in Nagoya. This informed our estimates for annual ownership fees and net yield calculations. |
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