How much is a studio apartment in Seoul?



  • How much is a studio apartment in Seoul?


  • admin

    On average, I would say it’s at least 5,000,000 to 10,000,000+ won in key money deposit, and about 1,000,000 to 3,000,000 won a month in rent. This equates to about $4385–8,775 USD in collateral and $877 to USD 2632 a month based on today’s exchange rate.
    Since you asked a follow-up question as your sub-question relating to families, I’ll assume you probably wouldn’t be interested in goshiwons, which can be cheaper and without the deposit, but these are not for families.

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    It depends on where you want to live. Gangnam is one of the most expensive areas. If you don't want to pay a one year deposit (as most foreigners don't want to), you will pay a bit more. In Gangnam, you can get a lovely studio for about $1,000 to USD 1,500. In other cheaper areas like near universities, it can be from $400 to $700.