In Japan, IKEA Is Renting a Tiny Apartment for Less Than $1 Per Month

After moving into a new living space, many people's next stop is IKEA. The Swedish home goods chain is known for making furniture that's stylish, functional, and affordable. Now, customers can skip a step in the moving process and rent an apartment straight from the retailer. As Insider reports, IKEA is renting out a tiny apartment in Tokyo for the unbeatable price of less than $1 a month.

IKEA is using the micro apartment to showcase how well its products fit into small spaces. Located in the Shinjuku neighborhood of the Japanese capital, the apartment comprises 107 square feet spread over two levels. On the first floor, residents can work at a compact desk that converts into a dining table, or lounge in a mini corner sofa that converts into a bed. There's also a kitchenette, washing machine, and a bathroom with a shower and toilet.

Up the stepladder, apartment dwellers will find a cozy loft bed. It's nestled next to a set of drawers that transform the upper floor into a complete bedroom space. IKEA provided furniture that would optimize the limited square footage. Some of the most convenient items include a modular shelving unit that extends up to the second level and a table on wheels that can be easily relocated to suit the space.

The sleek furnishings are a nice perk, but the most appealing aspect of the apartment is the price. IKEA is offering it for just ¥99, or roughly $.86 USD. That includes the furniture, though the tenants will still have to cover the full utilities and cost of moving. IKEA is looking for members of its Family membership program to live in the apartment from December 15, 2021, until January 15, 2023. For a better idea of what you'd be getting into, check out the video tour of the space below, hosted by a super-sized version of IKEA's toy shark, BLÅHAJ.