Ikea Offering Tiny Apartment in Tokyo for Less Than $1 per Month

A show room of an IKEA store, the world's biggest furniture group, in Kaarst near Duesseldorf, Germany, on April 3, 2019. Wolfgang Rattay/REUTERS/File Photo

Ikea is branching out into real estate and is now offering a tiny home in Japan for less than $1 per month as part of its Tiny Homes apartment rental service campaign.

The Swedish retailing giant, best known for its compact and low-priced furniture, shared details of the new apartment in a release this week.