Preparing proper disaster prevention measures is important for decreasing the casualties and property losses resulting from floods. One of the most efficient measures in this regard is real-time flood forecasting using quantitative precipitation forecasts (QPFs) based on either short-term radar-based extrapolation or longer-term numerical weather prediction. As both methods have individual advantages and limitations, in this study we developed a new real-time blending technique to improve the accuracy of rainfall forecasts for hydrological applications. We tested the hydrological applicability of six QPFs used for urban flood forecasting in Seoul, South Korea: the McGill Algorithm for Prediction Nowcasting by Lagrangian Extrapolation (MAPLE), KOrea NOwcasting System (KONOS), Spatial-scale Decomposition method (SCDM), Unified Model Local Data Assimilation and Prediction System (UM LDAPS), and Advanced Storm-scale Analysis and Prediction System (ASAPS), as well as our proposed blended approach based on the assumption that the error of the previously predicted rainfall is similar to that of current predicted rainfall. We used the harmony search algorithm to optimize real-time weights that would minimize the root mean square error between predicted and observed rainfall for a 1 h lead time at 10 min intervals. We tested these models using the Storm Water Management Model (SWMM) and Grid-based Inundation Analysis Model (GIAM) to estimate urban flood discharge and inundation using rainfall from the QPFs as input. Although the blended QPF did not always have the highest correlation coefficient, its accuracy varied less than that of the other QPFs. In addition, its simulated water depth in pipe and spatial extent were most similar to observed inundated areas, demonstrating the value of this new approach for short-term flood forecasting.