Last month, the average monthly rent for studio apartments (with a usable area of 33㎡ or less) in Seoul was recorded at 680,000 won.
Real estate information platform Dabang released its 'April Dabang Map,' analyzing the monthly rental levels across 25 districts in Seoul as of April this year on the 27th.
According to the Dabang Map, as of April this year, the average monthly rent for studio apartments with a usable area of 33㎡ or less in Seoul is 680,000 won based on a deposit of 10 million won, while the average jeonse deposit is 212.54 million won. This represents a decrease of 20,000 won (2.2%) for the average monthly rent and an increase of 3.52 million won (1.7%) for the average jeonse deposit compared to the previous month in March.
Among the districts, Seodaemun District had the highest average monthly rent at 900,000 won, which is 220,000 won higher than the average of 680,000 won in Seoul. A Dabang official noted, "This is attributed to high-priced studio transactions in Seodaemun District that took place last April."
Following that, Gangnam District had a rent of 870,000 won, and Seocho District recorded 800,000 won, in that order. A total of 10 areas showed average rents higher than the Seoul average.
In terms of studio jeonse deposits, Seocho District appeared at 259.75 million won, which is 47.21 million won higher than the overall average in Seoul, marking the highest district for four consecutive months. Next were Gangnam District at 252 million won, Yongsan District at 236.19 million won, and Jung District at 236.13 million won, in that order.
Dabang produced the Dabang Map by calculating average monthly rent and average jeonse deposits based on a deposit of 10 million won, reflecting the rental conversion rate. The average monthly rent was based on transactions with deposits under 100 million won, while all jeonse transactions were aggregated for the average jeonse deposit.