Global Major Cities Guide

Brief guide to fully furnished apartments suitable for short to medium-term stays.

Sections

1. Categories of Furnished Flats in Busan

Furnished flats in Busan cater to a variety of needs, ranging from short-term stays to long-term rentals. Here are the main categories:

Officetels: These are multi-purpose buildings that combine office and residential spaces. They are popular among expats and young professionals. Officetels are often fully furnished and include basic appliances like a refrigerator, washing machine, microwave, and sometimes even a bed and desk.
Studio Apartments (One-Room): These are compact, single-room apartments with a kitchenette and bathroom. They are ideal for singles or couples and are often available furnished.
Two-Room or Larger Apartments: These are more spacious and suitable for families or those who need extra space. Furnished options are less common but can be found through specialized real estate agents or online platforms.
Serviced Apartments: These are high-end, fully furnished accommodations with hotel-like amenities such as cleaning services, gyms, and concierge services. They are more expensive but ideal for short-term stays or business travelers.
Share Houses: These are shared accommodations where tenants rent a private room but share common areas like the kitchen and living room. They are often furnished and are a budget-friendly option.

2. Average Costs of Furnished Flats

The cost of renting a furnished flat in Busan depends on the location, size, and type of accommodation. Below are approximate monthly rental costs:

Officetels: ₩500,000–₩1,200,000 ($375–$900 USD)
Studio Apartments (One-Room): ₩400,000–₩800,000 ($300–$600 USD)
Two-Room Apartments: ₩700,000–₩1,500,000 ($525–$1,125 USD)
Serviced Apartments: ₩1,500,000–₩3,000,000 ($1,125–$2,250 USD)
Share Houses: ₩300,000–₩600,000 ($225–$450 USD)

Key Note: In South Korea, rental agreements often require a key money deposit (jeonse or wolse). For furnished flats, the deposit can range from ₩5,000,000 to ₩20,000,000 ($3,750–$15,000 USD) for monthly rentals. Higher deposits usually result in lower monthly rent.

3. Rental Process

Renting a furnished flat in Busan involves several steps:

Step 1: Research and Choose a Location

Use online platforms like Zigbang, Dabang, or Peter Pan to browse listings.
Alternatively, visit local real estate agencies (부동산, budongsan) for personalized assistance.

Step 2: Visit Properties

Schedule visits to inspect the flat. Check for the condition of furniture, appliances, and amenities.
Ensure the flat has essential furnishings like a bed, table, chairs, and kitchen appliances.

Step 3: Negotiate Terms

Discuss the rent, deposit, and lease duration with the landlord or agent.
Ask about maintenance fees (관리비, gwanlibi), which typically cover utilities like water, internet, and building upkeep.

Step 4: Sign the Lease

Review the lease agreement carefully. It will be in Korean, so consider hiring a translator if needed.
Pay the key money deposit and the first month’s rent. Receipts are crucial for documentation.

Step 5: Register Your Address

Visit the local district office (구청, gucheong) to register your address. This is mandatory for foreigners staying long-term.

4. Legal Requirements

Alien Registration Card (ARC): Foreigners staying in South Korea for more than 90 days must obtain an ARC. This is required for signing rental agreements.
Bank Account: Most landlords prefer deposits and rent payments via a Korean bank account.
Tax Considerations: Ensure the landlord provides a receipt for the key money deposit to avoid tax-related issues.

5. Cultural and Housing Norms

Shoes Off Indoors: It is customary to remove your shoes before entering a home.
Heating System: Most flats use ondol (underfloor heating). Check if the system is functional, especially during winter.
Noise Sensitivity: Be mindful of noise levels, as South Koreans value quiet living environments.
Trash Disposal: South Korea has strict waste disposal rules. You’ll need to separate recyclables and purchase designated garbage bags.

6. Best Areas to Look for Furnished Flats

Busan is a sprawling city with diverse neighborhoods. Here are some of the best areas for expats and visitors:

Haeundae: Known for its beach, luxury apartments, and vibrant nightlife. Ideal for those seeking a lively atmosphere.
Gwangan: Famous for Gwangalli Beach and its stunning bridge views. A mix of modern and traditional housing options.
Seomyeon: The city’s commercial hub with excellent shopping, dining, and entertainment options. Convenient for young professionals.
Centum City: A high-end area with luxury apartments, shopping malls, and proximity to Haeundae.
Nampo-dong: A historic area with traditional markets and cultural attractions. Great for those who enjoy a mix of old and new.
Sasang: Close to the airport and major transportation hubs. Affordable and convenient for frequent travelers.

7. Nearby Amenities and Public Transport Access

Public Transport: Busan has an extensive subway and bus network. Most residential areas are within walking distance of a subway station or bus stop. A T-money card is used for seamless travel.
Convenience Stores: Chains like CU, GS25, and 7-Eleven are ubiquitous and provide 24/7 access to essentials.
Supermarkets: Larger stores like Lotte Mart, Homeplus, and E-Mart are common in residential areas.
Healthcare: Clinics and hospitals are widely available. Look for English-speaking facilities in expat-friendly neighborhoods.
Schools: If you have children, international schools like Busan Foreign School and Busan International Foreign School are located in expat-friendly areas.

8. Tips for a Smooth Experience

Hire a Real Estate Agent: They can help navigate language barriers and find the best deals.
Inspect Thoroughly: Check for hidden damages or missing items before signing the lease.
Understand Maintenance Fees: Clarify what is included in the gwanlibi to avoid surprises.
Join Expat Communities: Online forums and social media groups can provide valuable advice and recommendations.

By understanding the rental process, legal requirements, and cultural norms, you can find a comfortable and convenient furnished flat in Busan. Whether you’re staying short-term or long-term, the city offers a variety of options to suit your needs.