In September 2026, the median monthly rent on a new apartment lease in Nam-gu (남구) was ₩1,000,000, with a median deposit of ₩30m, across 103 new leases. Counting renewals too, the median was ₩1,000,000.
One email a month, when new contracts are published.
| Home type | Monthly rent | Deposit with monthly rent | Jeonse deposit | Typical size |
|---|---|---|---|---|
| Apartment | ₩1,000,000103 new leasesAll contracts: ₩1,000,000 | ₩30m | ₩350m107 new leasesAll contracts: ₩360m | 62.6 m² |
| Officetel | ₩500,00055 new leasesAll contracts: ₩500,000 | ₩10m | ₩120m15 new leasesAll contracts: ₩125m | 29.2 m² |
| Villa or row house | ₩345,00080 new leasesAll contracts: ₩330,000 | ₩5m | ₩105m10 new leasesAll contracts: ₩109m | 20 m² |
Medians are for new leases, which is what a new tenant pays. They leave out likely public rentals. Renewals usually cost less, so the “All contracts” figure includes them for comparison. Typical size is the median exclusive floor area of the monthly-rent contracts. “Too few” means fewer than 10 contracts.
Median monthly rent on new apartment leases, all sizes. A longer bar means higher rent.
The median reported apartment sale was ₩520m for a median of 84.4 m², across 208 sales.
In Nam-gu, new apartment jeonse deposits were about 74% of sale prices in the same buildings (July to September 2026). Across Korea it was 73%.
The closer a deposit is to the home’s value, the less is left to repay it if prices fall or the landlord has other debts. Check the specific home before you pay.
Check a deposit’s safetyPer building: median new jeonse deposit per m² divided by median sale price per m². The figure is the middle value across 54 buildings with both (264 jeonse leases, 458 sales).
In Nam-gu, the median renewal raised the rent or deposit by 5.0% (July to September 2026). In 80% of renewals the increase was 5% or less, and 24% had no increase.
When the tenant used the renewal right (계약갱신요구권), the increase was 5% or less in 91% of 108 renewals. When the tenant did not use it, the increase was 5% or less in 67% of 93 renewals.
Under the Housing Lease Protection Act (주택임대차보호법), a tenant can use the renewal right (계약갱신요구권) once. The renewed lease lasts 2 years. When the tenant uses the right, the rent or deposit can rise by 5% at most. A city or province can set a lower cap by ordinance (조례).
The 5% cap applies only during a lease that is still in effect, and to a renewal where the tenant uses the renewal right. If you and the landlord agree on a new rent without using the right, this is an agreed renewal (합의갱신). The increase can then be more than 5%. You can still use the renewal right later.
Based on 201 renewals of apartments, officetels and villas. Jeonse (전세) renewals are compared by deposit. Monthly-rent renewals are compared by rent, and only when the deposit did not change. Renewals where both changed are left out. The data is lease contracts reported to the government.
The housing price explorer lets you filter reported contracts by size, neighborhood and building.
Seoulstart Jobs
Jobs for foreigners, updated daily.
See jobs in BusanThese are reported contracts from the Ministry of Land, Infrastructure and Transport (국토교통부) open data APIs, as of 2026-11-05. Monthly rent (월세) and jeonse (전세) cover apartments, officetels, and villas or row houses. Sale prices cover apartments. Cancelled sales are excluded.
Contracts can be reported weeks after signing, so the newest month here is September 2026: the last month with at least 30 days of reports after it ended.
Headline medians use new leases only. About half of reported contracts are renewals. Renewals usually cost less than a new lease, so including them would understate what a new tenant pays. Headline medians also leave out contracts that look like public or subsidized rentals (LH, SH and youth housing): rent and deposit together under 40% of the area’s middle value per m² that month. The source does not mark these, so this is our estimate.
Each median mixes every size and building that was reported that month. A change from one month to the next can come from a different mix of homes, not a change in prices. These are past contracts, not homes you can rent today.