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Shinjuku

新宿区

Tokyo's busiest station and Kabukicho's neon. But also quiet residential pockets in Kagurazaka and Waseda. Korea Town in Shin-Okubo.

Rent averages

¥136,868

1LDK

¥224,257

2LDK

¥348,417

Zero key money

46%

of listings require no key money

Active listings

1,889

apartments currently available

Avg building age

8 years

across all listed properties

Foreigner-friendly

High

based on acceptance data

Median condo

¥42M

Price per m²

¥1,491,474

Rental yield

4.14%

Based on MLIT government transaction data (2025-Q2). Higher yield = landlords more motivated to fill vacancies.

Based on a 1K at ¥136,868/month

First month¥136,868

Deposit (1 mo)¥136,868

Key money (1 mo)¥136,868

Agent fee (1 mo)¥136,868

Guarantor (0.5 mo)¥68,434

Insurance¥18,000

Lock change¥20,000

Total ¥653,906

46% of Shinjuku listings have zero key money — your actual cost could be lower.

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