Foreigner Housing Approval Report & Lease Data (2026 Tokyo Index)

Data-driven analysis of foreigner rental approval rates, guarantor screening, move-in costs, and buy-to-let yields across Tokyo's 23 Wards and Chiba.

Key Benchmark Findings

• Average Approval Rate: 34% on open market portals (SUUMO/Homes) vs. 88% with pre-vetted foreigner-friendly agencies.
• Main Rejection Drivers: 62% Japanese language requirement, 24% lack of acceptable guarantor/guarantor company, 14% visa duration.
• Upfront Move-In Cost Benchmark: 4.2× to 5.5× monthly rent in central Tokyo (Shinjuku, Minato, Shibuya) vs. 2.8× to 3.5× in Chiba and outer wards.
• Gross vs Net Rental Yields: Gross yields average 3.8%–4.5% in Minato/Shibuya vs 5.5%–7.2% in Chiba and Kanagawa.