Finding Affordable Housing in Seoul: A Guide for Expats
Seoul is a vibrant city with a high cost of living, but finding affordable housing is possible if you know where to look. Whether you’re an expat here for work or study, this guide will help you explore the best options for budget-friendly living in Seoul.
1. Officetels: Compact and Convenient
Officetels are one of the most popular housing options for expats in Seoul. These small, studio-style apartments often come with basic amenities like a kitchenette and a bathroom, making them ideal for single professionals or students. While they are compact, they’re often located in central areas and near transportation hubs, offering convenience at a reasonable price.
Average Rent: ₩500,000 to ₩1,000,000 per month, depending on location.
JournEASE Tip: Officetels are typically rented on a jeonse (large deposit) or wolse (monthly rent) system. Need help navigating contracts and understanding rental agreements? JournEASE can guide you through the process.
2. Goshiwons: Budget-Friendly Student Housing
If you’re looking for ultra-affordable housing, especially as a student or solo traveler, goshiwons (tiny dorm-like rooms) offer some of the cheapest accommodations in Seoul. Though small, they provide the basics: a bed, a desk, and sometimes a private bathroom. Many goshiwons also include shared kitchens and laundry facilities.
Average Rent: ₩200,000 to ₩500,000 per month.
JournEASE Tip: Goshiwons may lack privacy and space, but they’re ideal for short stays or if you’re looking to save money. We can help you find the best goshiwon options in safe, convenient locations.
3. Shared Apartments: A Social and Affordable Option
Shared apartments (also known as share houses) are a great option for expats looking to save on rent while enjoying a more social living environment. You’ll have your own room while sharing common areas like the kitchen and living room with other tenants, typically fellow expats or students.
Average Rent: ₩400,000 to ₩800,000 per month.
JournEASE Tip: Not sure where to start? JournEASE can help you find the perfect shared apartment that fits your budget and preferred location.
4. One-Room Apartments: Ideal for Independent Living
If you prefer living alone but still need an affordable option, one-room apartments are similar to officetels but usually offer more flexibility in terms of price and deposit options. These apartments vary in size and amenities, making it easier to find one that fits your budget.
Average Rent: ₩500,000 to ₩1,200,000 per month.
JournEASE Tip: Many landlords require large deposits, so it’s important to understand the terms before signing a contract. We can review your lease and help you negotiate favorable terms.
5. Jeonse: The Large Deposit, No Monthly Rent Option
If you’re planning to stay in Seoul for a longer period, jeonse (전세) might be an appealing option. This system requires a large lump-sum deposit—usually 50% to 80% of the property’s value—but eliminates monthly rent payments. At the end of the lease, the deposit is fully refunded.
Deposit Range: ₩50,000,000 to ₩300,000,000, depending on the property.
JournEASE Tip: Jeonse can be intimidating due to the high upfront cost, but it’s a great way to save on monthly rent. Let us help you navigate the jeonse system and ensure you’re getting a secure deal.
6. Explore Less Central Neighborhoods
Living in central Seoul can be expensive, but there are many affordable housing options in neighborhoods slightly outside the city center, such as:
Gwangjin-gu (near Konkuk University)
Mapo-gu (popular with students and young professionals)
Gangdong-gu (more affordable, residential area)
By choosing a location further from central Seoul, you can find larger, more affordable apartments without sacrificing quality of life.
How JournEASE Can Help You Find Housing
Finding affordable housing in Seoul can be challenging, especially if you’re unfamiliar with the local real estate market. JournEASE is here to help you every step of the way, from searching for the best deals to reviewing contracts and negotiating terms. Our bilingual team can assist with:
Finding suitable neighborhoods
Navigating the deposit and rent systems
Ensuring your lease terms are fair and secure
Ready to Find Your Perfect Home in Seoul?
Let JournEASE simplify the process of finding affordable housing in Seoul. Contact us today for personalized housing assistance, or explore more helpful expat tips on our JournEASE blog.