Gangnam on a Budget: Can Students Afford to Live in Seoul's Beverly Hills?

Gangnam. The name alone sounds expensive. It’s the land of skyscrapers, luxury cars, and K-Pop stars.

Most exchange students assume they can’t afford to live here. But if you are attending a language academy in Gangnam or want to be south of the river, you can find affordable housing here—if you know where to look.

The Reality of Rent in Gangnam

Yes, high-end "Officetels" near Gangnam Station are pricey (1.2M KRW+). But if you look at Villas (low-rise buildings), the prices drop significantly.

• Average Villa Rent: 650,000 ~ 900,000 KRW (Short-term)

• Deposit: 1M ~ 2M KRW

Where to Look: The Hidden Gems

Don't look right next to the main avenue. Walk 10 minutes into the residential blocks.

1. Yeoksam-dong (The Student Hub) Right next to Gangnam station, but full of one-room villas. Many students and young professionals live here. It’s quiet, safe, and surprisingly affordable.

2. Nonhyeon-dong (The Foodie Alley) Famous for its food street. It’s bustling and has older but cheaper housing options.

Why Live in Gangnam?

• Transport: You can get anywhere in Seoul/Gyeonggi-do easily. Red buses (intercity) all stop here.

• Safety: The streets are well-lit and monitored by CCTV 24/7.

• Convenience: The best gyms, plastic surgery clinics, and shopping are at your doorstep.

Conclusion

Don't be scared by the "Gangnam Style" price tag. If you choose a Villa in Yeoksam or Nonhyeon, you can live the high life on a student budget.