Average Monthly Rent for One-Room Apartments Near Universities '600,000 Won'... Yonsei University Area is 790,000 Won

Compared to the average monthly rent in the same month last year, a 3.53% increase
The area near Yonsei University saw the highest rise... 50% increase

In August, as more students searched for rooms ahead of the second semester, the average monthly rent for one-room apartments near major universities in Seoul rose by 3.53% compared to a year ago, reaching 600,000 KRW.

The photo is unrelated to the article content.
Photo by Moon Honam

On the 7th, Station3, which operates the real estate information platform 'Dabang,' released the results of an analysis of the average monthly rent for listings near major universities in Seoul registered on Dabang last month.

According to the data, the average monthly rent for one-room apartments (exclusive area of 33㎡ or less) with a deposit of 10 million KRW was recorded at 599,000 KRW. This represents a 3.53% increase compared to the same month last year (579,000 KRW) and a 1.7% rise compared to February, before the first semester started (589,000 KRW).

The area near Yonsei University showed the largest increase. The average monthly rent for one-room apartments near Yonsei University rose by 50.16%, from 526,000 KRW last year to the 790,000 KRW range.

Near Korea University, the rent increased by 13.47% from 485,000 KRW to 550,000 KRW, and near Seoul National University, it rose by 6.76% from 468,000 KRW to 500,000 KRW. Areas near Hanyang University and Kyung Hee University also saw increases of 11.58% and 18.1% respectively compared to the same month last year, recording average rents of 530,000 KRW and 620,000 KRW.

Analysis of Monthly Rent for One-Room Apartments in Seoul University Districts for the Second Semester.
[Photo by Dabang]

On the other hand, some areas experienced a decrease in monthly rent compared to August last year. The largest drop was near Ewha Womans University.

The average rent near Ewha Womans University fell by 20.66%, from 970,000 KRW last year to 770,000 KRW. However, it remains higher than rents near other universities.

Near Sogang University, rent decreased by 5.92% from 563,000 KRW to 560,000 KRW; near Chung-Ang University, it dropped by 2.03% from 541,000 KRW to 530,000 KRW; and near Hankuk University of Foreign Studies, it declined by 4.06% from 636,000 KRW to 610,000 KRW.

Jang Junhyuk, head of marketing at Dabang, explained this phenomenon by saying, "Although the increase is slight, it is clear that the monthly rent for one-room apartments near university areas has risen compared not only to a year ago but also to the first semester opening season this year."

He added, "While the rate of rent increase has eased, the upward trend remains, and the burden of housing costs for students searching for rooms and residents in nearby areas is expected to continue into the second semester."

This content was produced with the assistance of AI translation services.