A resin composition for an aqueous coating material, comprising a propylene-butene resin component and/or propylene-ethylene-butene resin component (A), and a (meth)acrylic resin component (B), wherein said (meth)acrylic resin component (B) is polyolefin-modified (meth)acrylic resin particles (B-2), which are composed of a polymer obtained by swelling propylene-ethylene-butene resin particles with a monomer raw material liquid, and subsequently polymerizing the monomer raw material liquid, wherein the monomer raw material liquid comprises styrene at 10 to 20% by mass within 100% by mass of the monomer raw material liquid, and a mass ratio between said propylene-butene resin component and/or propylene-ethylene-butene resin component (A) and said (meth)acrylic resin component (B) is within a range from 30:70 to 60:40.