Average monthly rent for one-room flats Seoul, South Korea 2020-2021

In February 2021, the average monthly rent for one-bedroom flats in Seoul, South Korea, amounted to around 510 thousand South Korean won, up from about 480 thousand South Korean won in the previous month. The average monthly rent for one-bedroom apartments in Seoul has shown an upward trend recently. 

Living in Seoul

  In a metropolitan area like Seoul, housing is a scarce commodity, and prices are constantly rising as a result. The high population density of the capital, and the increasing trend to move towards the city to enjoy urban life is reflected in the housing situation. This can also be seen in the most common type of housing in Seoul, which is apartments. This is a general trend nationwide, with high-rise apartments over five stories being the most frequent type of housing in South Korea.  

Single-households are most prominent

  The most prominent type of household in South Korea is single households, as they make up more than 30 percent of all domestic households. To aid this portion of the public, there are housing support programs single households can participate in. The share of participants for such programs was the highest in loans for housing leases. Other offered programs are subsidies for monthly rent or the supply of long-term public rental housing.