The Guide to Affordable Long-Term Housing for Foreigners in Seoul: Goshiwons, Studio Rentals & More
If you’re planning to stay in Korea for more than a few weeks as a student, language learner, digital nomad, or traveler then finding the right housing is probably one of your biggest concerns. Seoul can be overwhelming, especially if you don’t speak Korean. You can face many problems and the ones that hit you financially are unfamiliar rental terms and high deposits. You can also be stuck in a neighbourhood that is not to your taste or that does not meet your staying requirements.
With careful consideration and a good amount of research, you can explore a whole world of affordable housing options that suit your requirements and budget. In this guide, we’ll walk you through the most common long-term housing options in Seoul for foreigners with a special focus on goshiwons which are a popular choice for short- to mid-term stays. We will also touch on studios, co-living spaces, and how to find the best fit for your lifestyle and budget.
Looking for a comfortable stay in Seoul that won’t break the bank? Explore foreigner-friendly housing options on Stay Korea now!
What is a Goshiwon and Why Do Foreigners Choose It?
A goshiwon is a small, single-room accommodation that is usually furnished with a bed, desk, and wardrobe. It also comes with amenities, a mini-fridge, and sometimes a private bathroom. The concept of Goshiwon was originally designed for Korean students preparing for exams but it is now widely used by foreigners looking for low-cost, no-deposit places to stay.
Here’s why many international residents prefer goshiwons:
- No large deposit required: Acquiring Korean apartments requires a large money deposit. It is inconvenient for foreigners who are already on a budget. In this scenario, goshiwons work best for them as it requires small deposits compared to apartments and studios.
- Flexible contracts: You don’t have to worry about long contracts that often span months. You can rent Goshiwons for as little as one month. This is great for students and travelers looking for short-term accommodation in Korea.
- Utilities included: Goshiwon’s rental charges include the facilities like electricity, water and internet bills. You don’t have to pay separately for them.
- Fully furnished: Goshiwons are fully furnished mainly with a bed, desk, and a fridge. You move in with just a suitcase.
Want to see what a goshiwon looks like? Browse verified listings with photos and details today on Stay Korea.
Best Neighborhoods for Foreigners to Stay in Seoul
Here are the most popular areas which you can choose to stay in Seoul. We will explore what makes them unique and what type of life each of them has to offer
1. Hongdae
Hongdae is the area famous for entertainment. The streets are filled with street performances and indie music. There are a number of cafes and clubs where you can experience the Korean nightlife.
Hongdae is the best place to stay if you’re in Seoul as a traveler or an artist. The area also has a strong English-speaking presence due to the international crowd making it a comfortable place for foreigners to settle in. Hongdae is directly connected to Incheon Airport via the AREX line, which is a bonus for frequent travelers.
- Goshiwon Price Range: ₩300,000– ₩800,000 KRW per month
- Deposit: 0–200,000 KRW
- Who it’s for: Travelers, artists and creatives
- Nearby transport: Hongik University Station
- Perks: Access to affordable food, cultural events and part-time job opportunities
2. Sinchon
Sinchon is a district that is home to several universities, including Yonsei University, Ewha Womans University, and Sogang University. This area is perfect for students. The streets across the area are full of affordable eateries and convenient coffee shops. One of the most distinctive features of this area is that, apart from being student-oriented, it also offers entertainment. There’s always something happening around such as cultural festivals and open-air concerts.
The nightlife is more relaxed than Hongdae but still buzzing. Another feature of this area which makes it an ideal living place is its great walkability with easy access to neighboring areas like Ewha and even Hongdae on foot. For anyone pursuing studies in Korea, Sinchon offers a rich, supportive environment with everything you need within reach.
- Goshiwon Price Range: ₩300,000–800,000 KRW
- Deposit: 0–200,000 KRW
- Who it’s for: University students, language trainees and part-timers
- Perks: Central location, walkable to neighboring universities and budget-friendly restaurants
3. Gangnam
Gangnam is the reflection of modern Seoul. It is famous for the high end lifestyle it has to offer with luxury shops and a glamorous nightlife. It’s the place to be if you’re looking for a more upscale experience. While rent is higher, the quality of life is also noticeably elevated.
The area offers chic brunch cafes to 24-hour study lounges. It is packed with facilities that cater to young professionals. The public transport system is extensive and well-connected, which makes commuting easy despite the urban hustle.
- Goshiwon Price Range: ₩300,000–900,000 KRW
- Deposit: 0–200,000 KRW
- Who it’s for: Working professionals, digital nomads and those with higher budgets
- Nearby transport: Gangnam Station (Line 2, Shinbundang Line)
- Perks: High-end amenities, coworking spaces, upscale food and shopping centres
4. Gwanak (SNU Area)
Gwanak is located in the southern part of Seoul. It is home to the prestigious Seoul National University. It’s a quieter, more academic neighborhood making it perfect for those who prefer peace and focus over chaos and nightlife.
The area offers reasonably priced restaurants and coffee shops making eating out easy on your budget. One of the features that makes us fall in love with Gwanak is its proximity to Gwanaksan Mountain. This makes it ideal for nature lovers and hiking enthusiasts.
- Goshiwon Price Range: ₩300,000–900,000 KRW
- Deposit: 0–200,000 KRW
- Who it’s for: SNU students, researchers, quiet-living folks
- Perks: Affordable cost of living, access to mountains and hiking, campus community
Studio Officetel and Co-Living Spaces
If you’re staying longer or need more privacy, a studio officetel might be the right choice. Studio officetelcome with their own kitchen and bathrooms. They offer more space and privacy than Goshiwons, but they often require a large deposit. Moreover, the rents are also high and facilities like electricity and internet bills aren’t included in them. You have to pay for the bills yourself.
- Rent: 300,000–1,800,000 KRW
- Deposit: 300,000–5,000,000 KRW
- Contract type: 1 month+ or 1 year+
Another living option is Co-living houses which are a growing trend in Korea. They provide shared living areas such as a lounge and kitchen but private bedrooms. These are great if you want a social environment and a sense of community.
- Rent: 1,000,000–2,000,000 KRW
- Contract type: 1 month+ or 1 year+
Need more space than a goshiwon? Compare studios, officetels, and shared homes in minutes on Stay Korea!
What You Need to Know About Booking & Contracts
Here’s where many foreigners get stuck: understanding rental contracts in Korea.
- Goshiwon contracts: Very simple. Usually just a one-page form. Often don’t require a co-signer or alien registration card.
- Studio contracts: More complex. Usually 1-year minimum, with the deposit held in a secured account. Often in Korean, so consider getting help translating.
- Important tip: Always check if your place is legally registered and has fire safety measures in place. Some cheaper goshiwons may cut corners.
Costs Breakdown
| Housing Type | Monthly Rent (KRW) | Deposit Required | Contract Type |
| Goshiwon | ₩450k – ₩1M | None or 1 month | 1 month+ |
| Studio Apartment | ₩1M – ₩2M | ₩3M – ₩10M | 1 year+ |
| Co-living House | ₩600k – ₩1.2M | ₩1M – ₩3M | 3 months – 1 year |
How to Search for Foreign-Friendly Housing in Seoul
Here are some useful platforms:
- Stay Korea (staykorea.org) – Focused on verified goshiwons and apartments with English support
- Zigbang – Popular Korean housing app (some listings have English)
- Craigslist Seoul – Mixed results, so always verify listings
- Facebook groups – Look up “Seoul Housing”, “Goshiwon in Korea”, etc.
Stay Korea is especially ideal for those who want:
- English customer service
- Verified listings only
- WhatsApp booking options
- No hidden fees
Worried about understanding Korean contracts? We help translate and explain everything, message us on WhatsApp today.
Things to Look Out For
- Noise levels: Goshiwons can be quiet. Ask for a room tour or check reviews.
- Heating and air conditioning: Ask how it’s billed or controlled. Some older places charge extra.
- Bathroom type: Is it shared or private? Some rooms have a “unit bath” with a toilet, sink, and shower in one tiny space.
- Curfew rules: Some goshiwons may have building access restrictions.
- Laundry access: Make sure there’s a washer. Dryers are rare.
Final Thoughts: What Type of Housing is Right for You?
| Lifestyle | Best Option |
| Budget traveler | Goshiwon |
| Student | Goshiwon or Studio |
| Working nomad | Co-living or Studio |
| Long-term expat | Studio or Apartment |
If you’re staying in Seoul for more than a few days then this article can help you choose a place that balances cost and convenience. We suggest looking at the photos of the place you’re interested in. Read their reviews, particularly from foreigners. Check the location on Google, learn about the area and then reach out with questions.
Platforms like Stay Korea make the process much smoother for non-Korean speakers. You can browse verified listings, compare prices, and book directly through WhatsApp with the support of a real team.
Start Your Stay in Seoul Today
If you’re staying for three months or three years, Seoul has something for every lifestyle and budget. With the right housing, your time in Korea can be comfortable and full of discovery.
If you’re ready to explore goshiwons, co-living homes, or studio apartments in Seoul, check out Stay Korea or tap the WhatsApp button below to ask your first question .
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