Decoding South Korea's Rental Market: Costs, Tips, and Agent Contacts

Renting Apartments in South Korea: A Practical Guide Finding a place to live in a foreign country can be challenging. This is especially true in South Korea, where the rental market has its own unique characteristics. Mar Flores, a content creator living in Korea, recently shared valuable insights into navigating this market. Flores explains that most apartments available for rent are duplexes or officetels, designed for longer-term stays (six months or more). She highlights the significant deposit required, which can range from 5,000,000 to 10,000,000 South Korean Won (approximately $3,700-$7,400 USD). "The deposit is usually the same as the monthly rent if you stay for six months," Flores explains. She further breaks down the equivalent costs in Mexican Pesos and Colombian Pesos, demonstrating the varying expenses depending on currency. However, she also mentions that for longer leases (over a year), the monthly rent can decrease significantly. Flores suggests contacting real estate agencies for assistance in finding suitable accommodations. She shares the Facebook profiles of some of her contacts, making the process more accessible. The video serves as a helpful resource for anyone planning to rent in South Korea, providing a clear overview of the process and costs.