In June, the rising monthly rental and security deposit prices for one-room apartments in Seoul showed a decline during the off-season. According to data released by the real estate information platform, Dabang, using data from the Ministry of Land, Infrastructure and Transport, the monthly rent for a one-room apartment (less than 33 square meters) based on a security deposit of 10 million won in Seoul was 700,000 won, which is 50,000 won lower than the previous month. The average security deposit for a one-room apartment in Seoul also decreased to 210.68 million won, down by 1.27 million won.
Dabang’s monthly report called ‘Dabang Map,’ which has been published since April, compares the average monthly rent and security deposit for one-room apartments in each district of Seoul with the average prices in Seoul based on real transactions data. When compared to the Seoul average price (100%), if a district is above 100%, it means that the apartment prices in that district are higher than the average.
The average monthly rent for a one-room apartment based on a 10 million won security deposit in Seoul was 73,000 won in April and 75,000 won in May, showing an increase, but decreased to 70,000 won in June, a decrease of 5,000 won (6.1%). Similarly, the security deposit increased to 211.87 million won in April and 211.95 million won in May, but decreased to 210.68 million won in June, a 127,000 won (0.4%) drop.
A Dabang official explained that the decrease in rental and security deposit prices for one-room apartments in June was due to factors such as university vacations, making it an off-season month influenced by timing.
In terms of district comparison, Yongsan-gu showed the highest average monthly rent compared to the entire Seoul, at 938,000 won (134%) in June, followed by Gangnam-gu at 924,000 won (132%) and Jungnang-gu at 819,000 won (117%).
Seocho-gu showed the highest security deposit for one-room apartments at 284.41 million won, 135% of Seoul’s average, making it the highest for the third consecutive month since the Dabang Map calculations began in April. Following Seocho-gu, Gangnam-gu at 252.81 million won (120%) and Dongjak-gu at 238.06 million won (113%) showed high deposit amounts.
Additionally, Yongsan-gu, Gwangjin-gu, Yeongdeungpo-gu, Jung-gu, Sungdong-gu, Gangdong-gu, and Mapo-gu had security deposits higher than the Seoul average, showing a total of 10 districts where the security deposit exceeded the city average.