The cost of renting an apartment in Seoul, South Korea, can vary greatly depending on the location, size, and amenities of the apartment. In general, rental prices tend to be higher in the central areas of the city, such as Gangnam, Yeouido, and Jongno, while prices tend to be lower in more suburban areas.
In Seoul, the average rent for a one-bedroom apartment (called “one-room” or “studio” in South Korea) in a central area can range from around 1,000,000 to 2,000,000 KRW per month (around 900-1800 USD). For a larger two-bedroom apartment (called “two-room” or “three-room” in South Korea), the average rent can range from around 1,500,000 to 3,500,000 KRW per month (around 1,350-3,100 USD).
It’s worth noting that rental prices can vary widely depending on the location and the type of apartment, with some luxury apartments in central areas like Gangnam and Yeouido commanding much higher rents. In these areas, the cost of renting an apartment can go up to 4,000,000 KRW per month (around 3,600 USD) or even more.
Additionally, when renting an apartment in Seoul, you should also consider additional costs such as deposit (called “wolse” in korean) and key money (called “jeonse” in korean), which can add to the overall cost. These fees can be substantial