By Skye | July 2020

This article on cheap apartments is part of our series on apartments in Tokyo.

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    Cheap Apartments

    3 Reasons Why You Should Rent a Cheap Apartment in Tokyo at 50,000 Yen

    1. Boost Discretionary Funds

    2. Save on Move-in Costs

    3. Save on Monthly Rent

     

    Cheap Apartments Cost

    What do I need to know?

    Monthly Costs


    Monthly Rent

    (50,000 Yen)

     

    You can expect to pay an estimated amount of 50,000 yen for a cheap apartment in Tokyo. If you are planning on low budget while living in Tokyo and don't enjoy cleaning, then renting a cheap apartment in this price range will allow you to enjoy the conveniences of an apartment without an unnecessary strain on your wallet or the inconveniences of cleaning a large apartment.


    Maintenance Fee

    (4,000-5,000 Yen)

     

    You can expect to pay an estimated amount of 4,000 to 5,000 yen monthly on the maintenance fee. By renting a cheap apartment in Tokyo, you can expect to pay a maintenance fee to cover the cost of maintaining the common areas of the apartment building. You can expect the common areas of the cheap apartment building to be of the following sort: the hallways, the lobby, the elevator, the trash room, etc...

     

    Initial Costs


    Insurance

    (15,000 Yen)

     

    You can expect to pay an estimated amount of 15,000 yen for insurance on your cheap apartment. By renting a cheap apartment in Tokyo, you are not guaranteed insurance for your apartment, and so can expect to pay about 15,000 to cover insurance for the duration of your stay in the cheap apartment. It is standard for apartments in Tokyo to require a tenant to possess insurance for the apartment.

     

    Deposit

    (45,000-50,000 Yen)

     

    You can expect to pay an estimated amount of 45,000 to 50,000 yen for the security deposit. By renting a cheap apartment in Tokyo, you can enjoy the low move-in costs of renting a cheap apartment in Tokyo by saving an estimated amount of 16,200 to 80,600 yen on the security deposit. There are apartments in Tokyo, though, that don't charge you the cost of a deposit.


    Agency Fee

    (45,000-50,000 Yen)

     

    You can expect to pay an estimated amount of 45,000 to 50,000 yen for the agency fee. By renting a cheap apartment in Tokyo, you can enjoy the low move-in costs of renting a cheap apartment in Tokyo by saving an estimated amount of 16,200 to 80,600 yen on the agency fee. There are apartments in Tokyo, though, that don't charge you the cost of an agency fee when you rent the apartment.

     

    Lock Exchange Fee

    (9,800-12,000 Yen)

     

    You can expect to pay an estimated amount of 9,800 to 12,000 yen for the lock exchange fee. When renting a cheap apartment in Tokyo, the lock of the apartment must be changed to ensure your personal safety, and so you can expect to pay about 9,800 to 12,000 yen to pay for changing the lock on the cheap apartment. It is standard for apartments in Tokyo to require a tenant pay a lock exchange fee to cover the cost.

     

    Guarantor Fee

    (25,000 Yen)

     

    By renting a cheap apartment in Tokyo, you are often required to have a guarantor that can cover for you if you default on payments, and so can expect to pay about 25,000 yen to cover the fee for a guarantor before moving into your new cheap apartment in Tokyo. It is standard for apartments in Tokyo to require a tenant to have a guarantor for the apartment.

     

    Key Money

    (45,000-50,000 Yen) 

     

    You can expect to pay an estimated amount of 45,000 to 50,000 yen on key money. By renting a cheap apartment in Tokyo, you can enjoy the low move-in costs of renting a cheap apartment in Tokyo by saving an estimated amount of 16,200 to 80,600 yen on the key money for the apartment. There are apartments in Tokyo, though, that don't charge you key money when you rent the apartment.

     

    Total Costs

     

    Total Initial Costs

    (234,800-252,000 Yen)

     

    • Rent (50,000 Yen)
    • Insurance (15,000 Yen)
    • Deposit (45,000-50,000 Yen)
    • Agency Fee (45,000-50,000 Yen)
    • Lock Exchange Fee (9,800-12,000 Yen)
    • Guarantor Fee (25,000 Yen)
    • Key Money (45,000-50,000 Yen)

     

    234,800-252,000 Yen

     

    Total Monthly Costs

    (54,000-55,000 Yen)

     

    • Rent (50,000 Yen)
    • Maintenance Fee (4,000-5,000 Yen)

     

    54,000-55,000 Yen

     

    Discretionary Income

    What do I want to know?

    There are a lot of reasons renting one of the cheap apartments in Tokyo may suitably meet all of your requirements and circumstances as a resident of Japan. You may have the ability to spend a lot more money monthly on the rent for your apartment, but want to rent a less expensive apartment so that it becomes possible for you to save money. I might choose to rent an apartment less expensive than I have the ability to afford in order to save money, for example, that I might spend on buying more merchandise from my favorite entertainment franchises. If you are like me and want to have a bigger discretionary income, then I have good news for you!

    Cheap-Apartments-in-Tokyo

    You are now living in Tokyo, home to many world famous shopping centers and world famous places where you may find entertainment. You will never run out of opportunities to spend your money as a resident of Japan as long as you live in Tokyo. Here are a few ideas to get you started:

    Cheap Apartment Options

    Here's how much a cheap apartment in Tokyo costs!

    Cheap-Apartments-in-Tokyo

    Amenities

     

    Size & Features

    (Old Structure, Tatami Flooring, etc...)

     

    You can expect the size of a cheap apartment in Tokyo to average 13-25 sqm or 8-15 tatami; the exact size of the apartment is dependent on the room that you're renting in the apartment building. By renting a cheap apartment in Tokyo, moreover, you can expect the features of the apartment to include a tiny bathroom outfitted with a shower, bathtub, sink & toilet. 

     

    You can expect other features of the following sort:

     

    • Tatami Flooring
    • Air Conditioner
    • Gas
    • Phone Line
    • WiFi Access

     

    Furnished Apartments in Tokyo

     

    Miasonde E 203

    (43,000 Yen)

     

    You can expect NOT to pay a security deposit when renting from this unit from the Miasonde E apartment building in Tokyo. By renting this cheap apartment in Tokyo, you are saving yourself an estimated amount of 20,000 to 40,000 yen on move-in costs. You can expect to pay about 43,000 yen on monthly rent, and you can expect the cheap apartment to be 13.92 sqm in size or about 8-9 tatami in size.

     

    10798096025 0207

    (50,000 Yen)

     

    You can expect NOT to pay a security deposit when renting from this unit from 10798096025 apartment building in Tokyo. By renting this cheap apartment in Tokyo, you are saving yourself an estimated amount of 20,000 to 40,000 yen on move-in costs. You can expect to pay about 50,000 yen on monthly rent, and you can expect the cheap apartment to be 16.00 sqm in size or about 25 tatami in size.

     

    Cheap Apartment Contract

    What do I need to know?

    Apartments-in-Tokyo

    Apartment Size

     

    1DK & 2LDK

    (1 Dining/Kitchen, etc...)

     

    You can expect the term 1K to refer to a one room apartment with a kitchen in Tokyo, and that the number of bedrooms in the Tokyo apartment is equal to the number written in the term. The addition of a 'D' to the term means the apartment in Tokyo has a dining room, while the addition of an 'L' to the term means the apartment as a living room. 1R just stands for one room about 13-20 sqm in size or 8-12 tatami.

     

    The average size of an apartment is as follows:

     

    • 1K (13-25 sqm) (8-15 tatami)
    • 1DK (25-30 sqm) (15-18 tatami)
    • 1LDK (23-35 sqm) (14-21 tatami)

     

    Tatami Size

     

    Tatami Sizing

    (1.65 sqm)

     

    You can expect the size of the apartment to be measured in Jo units. Jo units of measurement are based on tatami sizing, and you can expect the average tatami size to be 1.65 sqm. The size of a cheap apartment in Tokyo may, for example, be measured as 13 Jo. You can expect the apartment to fit about 13 tatami mats on the flooring of the cheap apartment, making the apartment approximately 21.49 sqm in size.

     

    Contract Length

     

    Move in

    (1-21 Days)

     

    You can expect to move into your new cheap apartment in Tokyo sometime between the day you sign the lease for the cheap apartment and 21 days after signing the lease. By renting a cheap apartment in Tokyo, you can expect to move into your new home in Japan's capital within 3 weeks; the exact time you are allowed to move in is dependent on the agency you rent the apartment from in Tokyo.

     

    Minimum Stay

    (2 Years)

     

    You can expect the lease for your cheap apartment in Tokyo to have a minimum stay stipulation of about 2 years. By moving into a cheap Tokyo apartment, you are able to rent the apartment for more than a year; the exact amount of minimum time you are legally obligated to rent your cheap apartment is dependent on the agency you are renting the apartment from in Tokyo. You can expect to stay in a cheap apartment for as long as 24 months.

     

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    Cheap apartments in Tokyo may meet your requirements if your circumstances require you to have a low rent. Your circumstances may require you to have a low rent if the amount of money you are able to spend monthly on rent is low or if you would rather save money by not renting an apartment with an overly high rent every month. That said, cheap apartments are not the only Tokyo accommodations capable of meeting that requirement. Sharehouses are also an option that is available to you when looking for accommodations in Tokyo. If you are not familiar with the concept of a sharehouse, then here is a quick explanation:

    A sharehouse is a building where multiple tenants rent a room. If you pay extra money, the room that you rent may have amenities like a kitchen or a bathroom. A room in a sharehouse doesn't generally come with those amenities. A room in a sharehouse building, you see, costs less money to rent on a monthly basis than an apartment because the kitchen, the living room, the bathroom, and any other common spaces in the building are shared with other tenants. Renting a room inside a sharehouse building will allow you to save as much as ¥99,000 yen on initial move-in costs! That amounts to an estimate of $938 US dollars.

    You can learn more about your saving opportunities in the BFFTokyo guide to sharehouses in Tokyo, where we compiled information to answer all of your questions.

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