Does the rule for auras remaining in their zone apply when an aura token is created?
The token is not created.
While a token is not in any zone before it was created, the spirit of 303.4g is that an aura can't enter the battlefield if it has no legal targets to enchant and, if it's currently in any zone, remains in its current zone (except the stack). If such an aura would be a token, rule 111.5 takes effect:

111.5. If a spell or ability would create a token, but a rule or effect states that a permanent with one or more of that token’s characteristics can’t enter the battlefield, the token is not created.

Also note this rule:

303.4i If an effect attempts to put an Aura onto the battlefield attached to an object or player it can’t legally enchant, the Aura remains in its current zone, unless that zone is the stack. In that case, the Aura is put into its owner’s graveyard instead of entering the battlefield. If the Aura is a token, it isn’t created.

The only difference to 303.4g is that it deals with effects that put an aura on the battlefield with a pre-determined attachment target. Arguably, 303.4g missing the last sentence of 303.4i is an oversight.