Navigating the Japanese Housing Market: Key Money & Guarantors

Renting in Japan

Renting an apartment in Japan comes with unique initial costs that you must be prepared for.

Shikikin (Deposit)

Typically 1-2 months of rent. It is used for cleaning and repairs when you move out, with the remainder refunded.

Reikin (Key Money)

A non-refundable "gift" to the landlord, usually 1-2 months of rent. It is a traditional practice.

Guarantor Company (Hoshogaisha)

Most landlords require a guarantor. If you do not have a Japanese national to act as one, you must pay a guarantor company (usually 50-100% of a month's rent).

Initial Move-in Costs

Important Note: Expect to pay 4-5 times your monthly rent upfront before moving in.