How to Find Apartment in Seoul?
How to Find Apartment in Seoul ?
Moving to Seoul is an exciting adventure, but finding the right accommodation can be a challenge, especially for newcomers unfamiliar with the rental system. Whether you're a student, an expat, or a digital nomad, this guide will walk you through the process of finding your ideal home in Seoul.
1. Understanding Seoul’s Rental System
South Korea’s rental system differs significantly from what many expats and students might be used to in other countries. In Seoul, there are two main types of rental agreements:
Jeonse (Key Money Deposit): Jeonse is a unique Korean rental system where tenants pay a large sum of money upfront (usually 50-80% of the property’s value) instead of monthly rent. At the end of the lease, this deposit is fully refunded.
Wolse (Monthly Rent): More familiar to foreigners, Wolse requires a smaller deposit and monthly rent payments. However, the monthly rent can be quite high, depending on the location and size of the apartment.
For foreigners or those planning to stay in Seoul for shorter periods, Wolse is usually the preferred option since Jeonse requires substantial upfront capital.
2. Popular Areas to Live in Seoul
Seoul is a sprawling city with distinct neighborhoods offering different vibes, lifestyles, and price points. Here are some of the most popular districts for expats, students, and digital nomads:
Itaewon: Known for its international community, Itaewon is one of the most foreigner-friendly areas in Seoul. It offers a variety of Western restaurants, bars, and shops, making it a great place for those who want a familiar environment.
Gangnam: If you’re looking for a more upscale experience, Gangnam is the place to be. This district is home to luxury apartments, high-end shops, and major businesses. It’s perfect for professionals and families.
Hongdae: Vibrant and full of life, Hongdae is the go-to district for students and young professionals. It’s located near several major universities and is known for its artsy atmosphere, trendy cafes, and lively nightlife.
Seodaemun-gu: For those looking for a quieter, more affordable area close to major universities like Yonsei and Ewha, Seodaemun-gu is a prime choice. It’s a student-friendly district with access to transportation and parks.
3. Types of Accommodation in Seoul
When searching for a place to stay, you'll encounter a range of accommodation types, each suited for different lifestyles and budgets:
Officetels: These are small studio apartments located in high-rise buildings. Officetels are a popular choice among young professionals and expats because they often come furnished and are conveniently located near subway stations.
Goshiwons: Goshiwons are tiny, affordable rooms typically rented by students. While they are small, they provide basic amenities and are often found near universities.
Shared Apartments: If you’re looking for a more social living arrangement, shared apartments are a great option. Many young professionals and students choose to share apartments to save on rent while enjoying a communal lifestyle.
4. How to Begin Your Search
Online Platforms: Websites like Zigbang and Dabang provide a wide range of rental listings, though they are primarily in Korean. For foreigners, platforms like Enkor Stay simplify the search by offering English-language services and listings tailored for expats.
Real Estate Agents: While many foreigners prefer online searches, real estate agents (known as budongsan) can provide valuable assistance in finding listings that may not be available online. However, be aware that agents charge a commission, typically equivalent to one month’s rent.
5. Why Enkor Stay is a Great Choice
If you’re looking for a hassle-free experience, Enkor Stay offers furnished apartments with flexible lease terms designed for tourists, expats and students. We eliminate the confusion of traditional Korean rental systems by providing transparent pricing and no deposit requirements. Click here and visit our houses list page to explore available options!
With these tips in mind, you’re ready to find your new home in one of Seoul’s vibrant neighborhoods. Happy house hunting!