Myeong-dong 2-ga Rent Prices in Seoul 2026
Our Verdict
"Final Boss"
With a median price of ₩56,000/m², this area earns its FINAL_BOSS status by being the most expensive real estate hurdle in the city. Our neighborhood analysis shows you are paying a massive premium for the proximity to Lotte and Shinsegae department stores rather than actual living comfort. Unless your investment outlook involves a commercial-residential hybrid play, the price-to-space ratio here is a tough sell for anyone who values a good night's sleep.
The Vibe:This is the densest commercial grid in Seoul, where the sidewalk is a sea of tourists and suitcase wheels 24/7. You are living directly above global flagship stores and currency exchanges, steps from Myeong-dong Station on Line 4. It is a high-octane concrete environment with zero residential quietude and constant neon glare.
The median rent price in Myeong-dong 2-ga, Seoul is ₩56,000 per m² per month, 25% above the Seoul city average of ₩44750/m². Based on 1 verified rental data points as of February 2026.
Market Median · Myeong-dong 2-ga
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Neighborhood Peers
Quick Estimate
Myeong-dong 2-ga @ ₩56,000/m²/mo
District Highlights
Locals Ask
Does the Average Rent include parking?
Absolutely not. In Myeong-dong 2-ga, a parking spot is a luxury that often costs as much as a small room in the suburbs.
Are the m² stats based on actual living space?
Yes, but be warned: at ₩56,000/m², the actual 'net area' is often tiny, as these buildings prioritize commercial frontage.
What is the long-term investment outlook for rentals here?
It is bulletproof but low-yield; the land value is sky-high, but the residential utility is capped by the sheer noise and traffic.
Where do locals buy basic groceries?
You don't find cheap supermarkets here; you either hit the high-end basement food halls or trek out toward Namdaemun Market for better prices.
Is it possible to find anything below ₩42,000/m²?
Only if you find a legacy 'goshiwon' or a decaying rooftop unit that hasn't been renovated since the 90s.
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About This Data
Data Sources
Myeong-dong 2-ga prices are sourced from real market listings and verified location scans submitted by users in Seoul. Each neighbourhood requires multiple independent data points before publication to ensure statistical reliability.
Methodology
We report median prices — not averages — to reduce outlier distortion. All figures are per square metre (per month). The 5/5 rating reflects price-to-value relative to local amenities, transit access, and broader market conditions in Seoul.
Last Updated
This page was last updated in February 2026. AI-generated insights — including the vibe description, verdict, and FAQs — are regenerated whenever the underlying price data changes to keep analysis current.