The average monthly rent of studio apartments near 10 university neighborhoods was 574,000 won ($430) as of January, up 11.6 percent compared to a year earlier, according to real estate brokerage platform Dabang.
Rising monthly rents for one-room accommodation in university towns is putting more financial burden on college students ahead of the spring semester.
A bird's-eye view of apartments from Namsan Seoul Tower, central Seoul, on Thursday. Prices of wolse, or monthly rent, in August rose 0.9 percent on year. The figure is the biggest on year rise since July 2014.
Korea JoongAng Daily Sitemap
