Business · Companies · 2 hrs ago
Average Seoul studio rent rises 5.2% to 710,000 won
Average monthly rent for small studios in Seoul rose to 710,000 won in September, up 5.2% from the month before.
The figures cover studios of 33 square metres or less in multi-family and low-rise buildings, based on an analysis by property platform Dabang.
The average rental deposit fell 1.1% to 21.99 million won, so the two main costs moved in opposite directions.
Rents varied widely by district: Gangnam had the highest average at 970,000 won, while Gwanak saw the sharpest monthly rise, at 30%.
Some newly built studio deals pushed Gwanak's average up, while Yongsan's average fell 23.1% after earlier increases linked to new-build deals eased.
These shifts show how a small number of transactions can affect district averages, making costs uneven for people seeking a home in Seoul.
The figures provide no forecast or next step for rents.
The average monthly rent for Seoul studios in multi-family homes rose 5.2% in September to 710,000 won.
The figure was up 35,000 won from the previous month and covered homes of 33 square metres or less.
The average deposit for a jeonse lease fell 1.1% to 219.91 million won.
Gangnam District had the highest average monthly rent, at 970,000 won.
In Gwanak District, average rent rose 30% amid transactions involving some newly built studios.
- Who
- The Dabang real estate information platform reported the figures.
- What
- Average monthly rent for Seoul studios in multi-family homes rose 5.2% to 710,000 won.
- When
- The figures are for September 2026 and were released on October 22.
- Where
- Seoul, South Korea.
- Why
- The overall increase’s cause is not stated. Dabang said some transactions involving newly built studios contributed to a 30% rise in Gwanak District.
This story does not have two clearly opposing sides.
Average rent in Yongsan District had risen amid transactions involving some newly built studios.
Yongsan rents adjusted downward, while average rent across Seoul rose 5.2% from the previous month.
Dabang released its analysis of September rents and deposits.
- Average Seoul monthly rent
- 710,000 won
- Monthly rent change
- Up 35,000 won, or 5.2%, from the previous month
- Average jeonse deposit
- 219.91 million won, down 1.1%
- Highest district rent
- Gangnam District: 970,000 won
- Gwanak District rent change
- Up 30% from the previous month