Itaewon 1(il)-dongRent Prices 2026
Our Verdict
"Final Boss"
At a median of ₩48500/m², this area is the undisputed FINAL_BOSS of the Seoul rental market. Our neighborhood analysis confirms that you are paying a massive premium for the international atmosphere; it is no longer a place for 'starving artists' but for those who can handle the ₩72000/m² ceiling. If you don't have a dedicated parking spot in your contract, you will regret living here within a week.
The Vibe:The terrain is a brutal mix of steep inclines and alleys barely wide enough for a luxury SUV, dominated by high-walled estates and renovated red-brick villas. It is the only place in Seoul where English is the default language and the Line 6 subway crowd is a total mix of diplomats and nightlife stragglers. You are paying for the proximity to Namsan and a culture that ignores typical Korean corporate norms.
Market Median
Quick Estimate
Itaewon 1(il)-dong @ ₩48,500/m²/mo
District Highlights
Locals Ask
Does the average rent include a parking space?
Almost never in the older buildings. If you're paying the ₩72000/m² premium, you might get a spot, but otherwise, you'll be fighting for inches in an alley.
Is the investment outlook stable for this district?
Extremely. With the Yongsan Park project nearby and the scarcity of land on these slopes, the m² stats aren't going anywhere but up.
Are the hills really that bad for daily commuting?
Yes. If you live closer to the Hyatt than the station, you'll need a car or a very high tolerance for vertical walking.
Is it too noisy to live near the main street?
The main drag is a nightmare on weekends, but once you move two blocks up the hill toward Namsan, it becomes one of the quietest spots in Seoul.
Why is the m² price higher than most of Gangnam?
Supply is the issue. There are very few large-scale apartments, so you're paying for the exclusivity of low-density villa living.