Korean Job Discussion Forums

cj1976 · Joined: 26 Oct 2005

I'm thinking about getting my own place in Seoul. Anyone have any idea how much the going rate for apartments is these days? I've already dismissed the idea of living in Gangnam as it will be astronomical.
I'm just fishing for info so I can start thinking about the move.

Thanks

WoBW · Joined: 07 Dec 2007 Location: HBC

It really depends on how much you can put down as a deposit. I only had 2 million Won, so I pay 850,000 a month for a three room apartment near Itaewon. It's fully furnished.

However, if you can put down 5 million - or even better 10 million key money - you could get a one or two room place for probabley around 500,000 a month.

Grab the Chickens Levi · Joined: 29 Apr 2008 Location: Ilsan

I had an apt in Itaewon for 1 mil won key money and 300,000 a month rent. It was a bit old and slightly dingy, but I made it as nice as I could and it was ok. I had to buy my own bed and washing machine and fridge, but found good condition 2nd hand stuff at one of the 2nd hand furniture places around Noksapyeong station area for next to nothing.

A friend has a 2 bedroom apt in Haebangchan (5 min walk from Itaewon) with a large kitchen bathroom and dining space etc and pays 400,000 a month. He said he put down 5 million key money. Pretty nice apt, but noisy area imo.

Check out some of the estate agents in Itaewan and also in the classifieds at places like seoulscene.com and those mags you can pick up in gekko's like 'groove' and 'eloquence' too.

cj1976 · Joined: 26 Oct 2005

I can put down 10 mill as a deposit and I can pay 500k per month rent. I've heard Itaewon is a bit dodgy and there are lots of burglaries. Is there an area around there that's particularly bad?

nolegirl · Joined: 17 Apr 2008

valkerie · Joined: 02 Mar 2007 Location: Busan

330,000 (rent and maintenance charge), NO KEY MONEY (10 million to Koreans, waived for foreigners Smile

), 1 room, 10-15 minutes walk from Gangnam.

**Pay 6 months rent in advance**

I live in the semi-basement. Rooms on higher floors are a little more.

I am moving out this summer.

Bibbitybop · Joined: 22 Feb 2006 Location: Seoul

OP, with 10 million key money, you should have no problem finding a place for 500,000 won a month. The biggest problem is getting landlord that will sign with a foreigner. Itaewon/Haebongchon is easier for this. Personally, I found my own place and got my school to sign the lease. Many people don't trust whitey.