The cost of renting an apartment in South Korea can vary depending on a number of factors, including the location, size, and amenities of the apartment.
In general, rental prices in South Korea tend to be higher in the major cities like Seoul, Busan, and Incheon. The average rent for a one-bedroom apartment in a central area of Seoul can range from around 800,000 to 1,500,000 KRW per month (around 700-1,300 USD). For a larger two-bedroom apartment, the average rent can range from around 1,200,000 to 2,500,000 KRW per month (around 1,050-2,200 USD).
Rental prices can vary greatly depending on the location and the type of apartment, with some luxury apartments in central areas like Gangnam and Yeouido commanding much higher rents. Additionally, in some of the more exclusive areas like Gangnam and Itaewon, the prices can go up to 3-4 million KRW (around 2,600-3,500 USD) per month.
It’s worth noting that rental prices can also vary depending on the amenities of the apartment and can add to the overall cost. Some landlords may also require you to pay a deposit and key money, which can add to the overall costs.
It’s important to keep in mind that these are average prices and actual costs can vary based on location, type and size of the apartment, and additional fees. It’s a good idea to research the cost of living in a specific area before committing to a rental contract. Additionally, you can also consider looking for a shared apartment, which are becoming more popular in South Korea, and it can lower the cost significantly.