Most Korean universities house international students in dormitories, but there are not always enough places. A dormitory costs, for example, $221–296 (KRW 302,000–404,000) a month at Hanyang University in Seoul, or about $1,500 (KRW 2,051,820) per semester including meals at Pusan National University. A studio near a Seoul university averaged $458 (KRW 625,000) a month in July 2026, plus $62 (KRW 84,000) in maintenance fees, with a $7,324 (KRW 10 million) deposit. A goshiwon, a tiny furnished room with a shared kitchen, costs $146–586 (KRW 200,000–800,000) a month with little or no deposit. Deposits in Korea are refundable, but only if the contract and your address registration are handled correctly.
Below: a comparison of options, real 2026 prices, how deposits work, how to check a flat and protect your money, when to apply for a dormitory, and how housing ties into your visa. Prices were checked on university websites and in published reports on 23 September 2026.

Housing options at a glance
| Option | Monthly cost | Deposit | Best for | Main risk |
|---|---|---|---|---|
| University dormitory | $143–366 (KRW 195,000–500,000) at Hanyang in Seoul; in Busan, paid per semester with meals | Usually none; pay per semester in advance | First year, first semester, language courses | Limited places; strict rules; closed or charged separately in vacations |
| Goshiwon / goshitel | $146–586 (KRW 200,000–800,000) | $73–732 (KRW 100,000–1,000,000) | First months while flat-hunting; tight budgets | 5–10 m², often windowless, shared kitchen |
| Homestay (a room with a Korean family, meals included) | Monthly, negotiated | Agreed with the family | Students who want daily Korean practice | Few options; check conditions in person |
| Hasukjip (boarding house with meals) | Negotiated | Small or none | Students who want cooked meals | Terms vary widely, often verbal agreements |
| Studio ("one-room") on monthly rent | About $458 + $62 maintenance near Seoul universities | Typically about $7,324 (KRW 10 million) | Second year onwards, graduate students | Large deposit; owner and contract must be checked |
| Officetel | Higher than a studio | Same or higher | Security, newer buildings | Not every officetel is registered as housing |
| Jeonse (large deposit, no rent) | None | Tens of thousands of dollars | Rarely suitable for students | Risk of losing a very large sum |
According to Study in Korea, most international students live either in dormitories or in private housing on monthly rent.
Dormitories: prices and how to get a place
Nearly every university runs dormitories on or near campus, with single, double or quadruple rooms. Admission rules and prices are set by each university. Two real examples for the second semester of 2026:
Hanyang University (Seoul), Residence Hall 1 for Korean and international students:
| Room | Per month | Per semester | Semester + vacation |
|---|---|---|---|
| Single | $296 (KRW 404,000) | $1,144 (KRW 1,562,000) | $1,727 (KRW 2,357,000) |
| Double | $221 (KRW 302,000) | $855 (KRW 1,168,000) | $1,291 (KRW 1,762,000) |
| Quad | $143 (KRW 195,000) | $552 (KRW 754,000) | $834 (KRW 1,138,000) |
Other halls cost more; a single room in Hanyang Techno residence is $366 (KRW 500,000) a month.
Pusan National University (Busan campus), per semester including compulsory meals:
| Hall and room | 3 meals a day, 7 days | 2 meals a day, 7 days |
|---|---|---|
| Jinri-gwan (men), single | $1,727 (KRW 2,357,340) | $1,546 (KRW 2,110,940) |
| Ungbi-gwan (men), double with private bathroom | $1,503 (KRW 2,051,820) | $1,322 (KRW 1,805,420) |
| Jayu-gwan (women), double | $1,573 (KRW 2,147,580) | $1,392 (KRW 1,901,180) |
The meal plan is compulsory; exemptions are granted only on documented religious grounds. In autumn 2026 the university warned that, because one hall was under construction and international enrolment had grown, many international students would not get a place and would need private housing.
Language programmes often have their own housing: Seoul National University's Language Education Institute, for example, allocates rooms to regular-programme students on a first-come basis, with new students first, for up to two terms (six months).
How not to miss out:
- Check the dormitory application window as soon as you are admitted. Pusan National University opened autumn 2026 applications on 9 July, closed them on 11 July and required payment between 16 and 20 July.
- Check whether the dormitory closes in vacations and what summer and winter stays cost.
- Keep a fallback for the first weeks: a goshiwon or short-term rental near campus.
Goshiwon: a cheap start without a deposit
A goshiwon is a building of small furnished rooms with a shared kitchen and often shared showers. Most rent month to month without a large deposit or long contract, which is why many students use one while flat-hunting or saving for a deposit.
Prices vary a lot. In August 2026 Yonhap contacted ten goshitels near universities in Sinchon: deposits of KRW 100,000–1,000,000 ($73–732) and rent of KRW 200,000–800,000 ($146–586) a month. The cheapest rooms have no window; the most expensive are renovated with a window. In mid-August, about two and a half weeks before the semester, only two of the ten still had rooms, so book early.
Before moving in, check whether there is a window and a private bathroom, what is included (internet, utilities, rice and kimchi in the shared kitchen), how the deposit is returned and how much notice you must give, and whether the owner will provide a document for your address registration with immigration.
Renting a flat: how deposits work
Almost every rental in Korea starts with a deposit refunded when you leave. Study in Korea describes two systems:
- Wolse: deposit plus monthly rent. A bigger deposit means lower rent, and vice versa. Most students rent this way.
- Jeonse: one very large deposit and no monthly rent. Too large a sum and too big a risk for most students.
Dabang data for July 2026: studios of up to 33 m² near ten major Seoul universities averaged KRW 625,000 ($458) a month with a KRW 10 million ($7,324) deposit, plus KRW 84,000 ($62) maintenance. Rent rose 7.7% and maintenance fees about 11% year on year. Areas differ: near Seoul National University KRW 533,000 ($390), near Yonsei KRW 678,000 ($497), near Hankuk University of Foreign Studies KRW 670,000 ($491).
Foreigners usually search on the Dabang, Zigbang and Naver Real Estate apps; Study in Korea recommends viewing in person rather than relying on photos. If a real estate agency (부동산) handles the deal, it charges a commission. The cap is set by the Licensed Real Estate Agents Act and city rules and is calculated from the deposit and rent, so ask for the exact amount before viewings, not after signing.
Protecting your deposit in five steps
These steps apply when you rent a flat with a deposit, not a dormitory room or goshiwon.
- Check the owner. Use the property register extract (deunggibu deungbon) to confirm that the person signing owns the flat or is their official agent, and that the property is not heavily mortgaged.
- Sign a written contract stating the address, deposit, rent, term and refund terms; keep the original.
- Register your address within 15 days. Foreigners report a move to the district office or immigration. Under the Immigration Act this registration counts as the resident move-in registration Korean citizens make, which is what gives your deposit legal protection.
- Report the lease within 30 days if the deposit exceeds $43,945 (KRW 60 million) or the rent exceeds $220 (KRW 300,000) a month and the home is in Seoul, Incheon, Gyeonggi, a metropolitan city such as Busan, Daegu, Daejeon or Ulsan, Sejong, Jeju or a provincial city. You can report at the community centre with the original contract or online; reporting automatically gives the contract a confirmed date, which sets your priority for getting the deposit back. Fines for unreported leases apply from 1 June 2025. Most studios near Seoul universities are covered: the average rent there, KRW 625,000, is above the threshold.
- Never transfer the deposit before signing, and never pay anyone you cannot verify.
Your address also matters for the visa: you need proof of residence to get your Alien Registration Card, and every move must be reported within 15 days.
Yearly housing budget
| Scenario | Per year | Cash needed up front |
|---|---|---|
| Seoul dormitory, double room (Hanyang), two semesters with vacations | About $2,581 (2 × KRW 1,762,000) | One semester in advance |
| Busan dormitory with 3 meals a day (Pusan National University, double), two semesters | $3,006 (KRW 4,103,640) in the men's hall, $3,146 (KRW 4,295,160) in the women's; vacations excluded | One semester in advance |
| Goshiwon in Seoul | $1,758–7,031 (KRW 2.4–9.6 million) | Deposit of $73–732 plus first month |
| Studio near a Seoul university | About $6,231 (KRW 8,508,000) incl. maintenance | Deposit of about $7,324 plus first month |
Our calculation using published 2026 prices; for Hanyang we doubled the "semester + vacation" rate. For a full-year budget with tuition, food, transport and insurance, see cost of studying in Korea.
Which option to choose
- First semester and language courses: a dormitory if you get a place; otherwise a goshiwon for a month or two while you view flats in person.
- From the second year: a studio, alone or shared, if your budget includes the deposit. Rent falls further from the most expensive campus neighbourhoods and metro stations.
- Master's and PhD: ask your supervisor and the international office first; some universities, such as Seoul National University, run separate graduate dormitories.
- Outside Seoul: housing is cheaper and dormitories often include meals. Compare cities in universities in Korea for international students.
Common mistakes
- Missing the dormitory application window, which can be as short as two or three days.
- Transferring a deposit based on listing photos without seeing the flat or the owner.
- Not registering your address within 15 days, which breaks the rules and weakens deposit protection.
- Budgeting only for term time and forgetting the vacations.
- Taking a jeonse lease "to save money" without understanding the risk.
- Planning to fund the deposit from part-time work you do not yet have a permit for.
FAQ
No. Each university sets its own rules and priorities. In autumn 2026 Pusan National University openly warned that many international students would not get a place. Apply on the first day of the window.
At Hanyang University in the second semester of 2026, from $143 (KRW 195,000) a month for a bed in a quad room to $296 (KRW 404,000) for a single in Residence Hall 1; other halls cost more.
It is another name for the rental deposit, refunded when you move out. For a studio near a Seoul university the typical deposit is about KRW 10 million ($7,324).
Technically yes, but it is risky; Study in Korea recommends viewing in person. It is safer to arrive in a dormitory or goshiwon and search locally.
Yes. You need proof of residence for your Alien Registration Card, and every move must be reported within 15 days. See Korea D-2 student visa.
Many language institutes run housing; at Seoul National University students can stay for up to two terms. Afterwards students usually move to their university's dormitory or private housing. See Korean language programmes in Korea.
Under a service agreement we help you choose a university with housing in mind, apply on time and plan your housing budget. Universities allocate dormitory places and landlords set rental terms. See studying in South Korea.
Sources
- Study in Korea: living and housing, housing and deposit types and living costs — checked 23.09.2026
- Hanyang University: 2026 dormitory fees — checked 23.09.2026
- Pusan National University: autumn 2026 guide for international admits (dormitory dates and prices) — checked 23.09.2026
- Seoul National University Language Education Institute: 2026–2027 brochure (PDF) — checked 23.09.2026
- Hankyung: Dabang rent data for 10 Seoul university areas, July 2026 and News1 — checked 23.09.2026
- Yonhap: goshitel prices and occupancy in Sinchon, August 2026 — checked 23.09.2026
- Seoul Global Center: housing lease reporting system — checked 23.09.2026
- Hi Korea: stay manual (revision of 18.09.2026) — 15-day address reporting, ARC documents; checked 23.09.2026
- Immigration Act, Art. 88-2 (relationship with resident registration) — checked 23.09.2026
- Licensed Real Estate Agents Act, Art. 32 (agency commission) — checked 24.09.2026
- Exchange rate: ECB reference rate of 23.09.2026, EUR 1 = USD 1.1411 = KRW 1,558.00, i.e. USD 1 ≈ KRW 1,365
Next steps
- Cost of Studying in Korea 2026: Tuition per Semester, Living Costs and a First-Year Budget
- Korea D-2 Student Visa 2026: Documents, Proof of Funds and How to Apply
- Universities in South Korea for International Students: Types, 2026 Costs and How to Choose
- Korean Language Programmes in Korea: University Institutes, Fees and the D-4 Visa for 2027
- Studying in South Korea for international applicants
- Bachelor's Degrees in Korea: How to Apply After High School and What It Costs