Korean rental system

Jeonse, wolse, ban-jeonse — in plain English.

Three ways Koreans rent, one of which quietly excludes most foreign residents.

The three structures

TypeDeposit up frontMonthly rentUsual term
전세 Jeonse50–80% of the property valueNone2 years
반전세 Ban-jeonseLarge lump sumReduced2 years
월세 Wolse10–20× the rent (₩10,000,000–₩50,000,000)Yes1–2 years
Furnished monthlyUsually none (2% of the 7,390 homes whose deposit terms are published)Rent and our fee in one numberFrom 1 month

Why the deposit is the real barrier

In most countries two months' rent secures a flat. A Korean wolse deposit is typically ten to twenty times the monthly rent, held by a landlord you met once. Protecting it means registering your address and having the contract date-stamped at a district office, in Korean, within your first weeks. Skip that and the money has no legal priority if the landlord runs into trouble.

Why the agent cannot really help

Licensed agents are paid a percentage of the transaction, work in Korean, and use a standard form written for Korean tenants. A nine-month exchange semester and a two-year standard lease simply do not fit together.

Skip the lease entirely.

Furnished homes from one month, booked in English, deposit rarely required.

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Figures from our own index of 18,243 homes, refreshed weekly. Every home is confirmed against its host platform before any payment is taken. Last updated 2026-10-07.