Finding a home in Korea can be confusing for newcomers. The rental system works differently from most countries. This guide explains the two main rental methods and the types of housing available.

💰 Rental Systems

Jeonse (전세 / Key Money Deposit)

Jeonse means entrusting the landlord with a large lump-sum deposit and leasing the home for 1–2 years with no monthly rent.

• 10% of jeonse paid as contract deposit; remainder paid upon moving in
• Tenant must maintain the house and get landlord permission for interior changes
• Full deposit returned after contract termination

Weolse (월세 / Monthly Rent)

Weolse means paying a smaller deposit plus monthly rent for a 1–2 year contract. The deposit is generally 10–20 times the monthly rent.

• 10% of deposit paid as contract fee; remainder paid upon moving in
• If tenant terminates early → no deposit refund
• If landlord terminates early → must compensate with double the deposit
• Deposit returned after termination, minus any unpaid rent or utilities

💡 Tip
Brokerage fees vary by property type, size, and price. A list of real estate agencies with foreign language support is available at land.seoul.go.kr

🏠 Types of Housing

Serviced Apartments

Furnished apartment buildings for short- and long-term visitors. 2–3 times bigger than average hotel rooms, usually with a kitchen. Hotel-like services (front desk, business center) at more affordable rates than hotels.

Apartments (아파트)

The most popular housing option in Korea. Nearly all complexes have nearby supermarkets, offices, schools, and public transport. Well-established utilities (water, gas, heating). Units may be smaller than abroad, and parking can be limited.

Officetels / One-Room Studios

Officetel (office + hotel) is a residence-like office space, often used as housing. Most are in accessible locations with built-in furniture and facilities. One-room studios are smaller and cheaper versions, popular near universities.

Detached Houses

Built for families on detached housing sites. Maximum privacy with your own garden — no worries about disturbing neighbors.

Multiplex Houses (다세대)

Smaller versions of apartments in buildings no higher than four stories. Each household owns and can sell their unit separately.

Hanok (한옥 / Traditional Korean House)

Traditional Korean houses featuring ondol (heated floor system) for winter warmth and wide front porches for summer cooling. Many modern-remodeled hanoks now combine traditional beauty with contemporary amenities.