This study aims to empirically explore factors affecting the rent of a shared house using a hedonic price model. The physical, operational and locational characteristics of the shared house are considered primary determinants of the rent of a shared house. The results show that single room occupancy, shared spaces for particular purposes, the living area per bedroom and proximity to subway station increased the rent of a shared house. The age of the building, less private rooms, and the public-private partnership reduced the rent of a shared house. The neighborhood rent significantly increases the rent of a shared house, but it only accounts for 26% of the rent, implying the rent of a shared house is relatively less sensitive to the market rate rent. This study confirms that there is a strong demand for securing personal privacy in the shared house, which should be addressed in the architectural design and property management of shared housing. Shared housing with public subsidy provides relatively affordable housing units, thus contributing to lowering the housing cost burden of young single person households.