The Seoul-based studio apartments under consideration were those less than 33 square meters in size, DaBang said.
The results are based on monthly rent fees of 1 million studio apartments in Seoul that were listed on DaBang in 2018, after unilaterally fixing the deposit payment at 10 million won ($8,960).
According to DaBang, Seoul’s one-room studio apartment rent prices were the highest in December, presumed to be a time when many university students and young workers start looking for new housing.
In terms of price fluctuations, Yongsan-gu saw the biggest price difference of 230,000 won — the region’s highest average monthly rent was 690,000 won while its lowest average monthly rent was 460,000 won.
Moreover, Yongsan-gu’s standard deviation for monthly rental fees was 6.14, the highest among Seoul’s 25 districts, followed by Nowon-gu (3.37), Seocho-gu (3.35) and Jungnang-gu (3.08).
In terms of absolute rental prices, the highest monthly rental fees were observed in Seoul’s four wealthiest districts — Gangdong-gu, Gangnam-gu, Songpa-gu and Seocho-gu, DaBang said.
The districts with relatively lower apartment rental prices were concentrated in southwestern and northeastern Seoul, including Geumcheon-gu, Guro-gu and Gwanak-gu as well as Dobong-gu and Nowon-gu.
By Sohn Ji-young (firstname.lastname@example.org)