South Korea Rent Price Trends
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Most countries include rent prices within their Consumer Price Index (CPI/HICP), so inflation-adjusted figures are not available. Our Rent Price Index offers a clear, high-level view of rental market trends over time.
Quarterly change in rent prices
| Q1 | Q2 | Q3 | Q4 | |
| 2026 | 0.17% | |||
| 2025 | 0.17% | 0.23% | 0.24% | 0.18% |
| 2024 | 0.05% | 0.16% | 0.19% | 0.15% |
| 2023 | 0.11% | -0.08% | -0.09% | 0.02% |
| 2022 | 0.51% | 0.42% | 0.36% | 0.24% |
| 2021 | 0.33% | 0.51% | 0.48% | 0.55% |
| 2020 | 0.07% | 0.09% | 0.17% | 0.23% |
| 2019 | -0.08% | -0.11% | -0.06% | 0.00% |
| 2018 | 0.13% | 0.11% | 0.08% | 0.02% |
| 2017 | 0.45% | 0.45% | 0.26% | 0.17% |
| 2016 | 0.45% | 0.38% | 0.48% | 0.41% |
| 2015 | 0.92% | 0.49% | 0.58% | 0.49% |
| 2014 | 0.56% | 0.59% | 0.50% | 0.56% |
| 2013 | 0.64% | 0.58% | 0.66% | 0.61% |
| 2012 | 1.01% | 0.93% | 0.72% | 0.64% |
| 2011 | 1.02% | 1.36% | 1.24% | 1.28% |
| 2010 | 0.51% | 0.47% | 0.59% | 0.68% |
| 2009 | 0.22% | 0.20% | 0.33% | 0.43% |
| 2008 | 0.60% | 0.71% | 0.63% | 0.57% |
| 2007 | 0.54% | 0.44% | 0.40% | 0.47% |
| 2006 | 0.05% | 0.20% | 0.26% | 0.58% |
| 2005 | -0.10% | -0.18% | -0.11% | 0.03% |
| 2004 | 0.41% | 0.19% | 0.14% | -0.08% |
| 2003 | 0.66% | 0.89% | 0.67% | 0.56% |
| 2002 | 1.52% | 1.41% | 1.27% | 0.99% |
| 2001 | 0.85% | 1.49% | 1.41% | 1.45% |
| 2000 | 0.06% | 0.32% | 0.50% | 0.86% |
| 1999 | -1.34% | -1.40% | -0.91% | -0.50% |
| 1998 | 0.32% | -0.18% | -0.64% | -1.07% |
| 1997 | 0.83% | 0.96% | 0.52% | 0.57% |
| 1996 | 0.78% | 0.83% | 0.87% | 0.84% |
| 1995 | 1.00% | 0.94% | 1.07% | 0.91% |
| 1994 | 1.13% | 0.61% | 0.64% | 1.12% |
| 1993 | 1.42% | 1.37% | 1.05% | 1.06% |
| 1992 | 1.85% | 1.47% | 1.66% | 1.68% |
| 1991 | 2.60% | 2.54% | 2.49% | 1.80% |
| 1990 | 3.82% | 3.89% | 2.84% |
This table shows the nominal change in rent prices during a single quarter.
Yearly change in rent prices
| Year | Nominal Change |
| 2026 | 0.83% |
| 2025 | 0.83% |
| 2024 | 0.55% |
| 2023 | -0.05% |
| 2022 | 1.54% |
| 2021 | 1.88% |
| 2020 | 0.56% |
| 2019 | -0.24% |
| 2018 | 0.33% |
| 2017 | 1.34% |
| 2016 | 1.73% |
| 2015 | 2.50% |
| 2014 | 2.24% |
| 2013 | 2.52% |
| 2012 | 3.35% |
| 2011 | 5.00% |
| 2010 | 2.26% |
| 2009 | 1.18% |
| 2008 | 2.53% |
| 2007 | 1.85% |
| 2006 | 1.10% |
| 2005 | -0.37% |
| 2004 | 0.66% |
| 2003 | 2.81% |
| 2002 | 5.28% |
| 2001 | 5.30% |
| 2000 | 1.75% |
| 1999 | -4.09% |
| 1998 | -1.57% |
| 1997 | 2.91% |
| 1996 | 3.37% |
| 1995 | 3.97% |
| 1994 | 3.54% |
| 1993 | 4.99% |
| 1992 | 6.83% |
| 1991 | 9.76% |
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This table shows how house prices have shifted over the past year. It compares the latest quarter or month of the current year with the same period a year earlier, giving you a quick view of whether prices have risen or fallen.
