월세

wolse · Wolse (monthly rent)

What it is

Ordinary monthly rent, paid on top of a security deposit.

Where newcomers get stuck

The deposit and the monthly rent trade off against each other — a bigger deposit usually means lower rent.

What you need

A deposit, a signed lease, and a Korean bank account for monthly transfers.

Useful sentence

보증금을 올리면 월세를 낮출 수 있어요?bojeunggeumeul ollimyeon wolsereul nachul su isseoyo?If I pay a bigger deposit, can the monthly rent go down?

Rules and costs change and vary by district and building — no prices here. Check with your agent, building office or the official sites before you decide.