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.


    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.