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Busan rents in 2026 are rising, but the increase is still moderate compared with the city’s best coastal and transit-led pockets.
We constantly update this blog post so that the rent ranges, neighborhood examples and landlord-cost estimates stay useful for buyers looking at Busan residential property.
The main thing to know is simple: small, clean and well-located units rent faster in Busan than older large apartments far from subway stations.
And if you’re planning to buy a property in this place, you may want to download our pack covering the real estate market in Busan.
What are typical rents in Busan as of 2026?
What's the average monthly rent for a studio in Busan as of 2026?
as of 2026, the average monthly rent for a studio in Busan is about ₩575,000, which is roughly $415 or €385.
For most studios in Busan in 2026, a realistic rent range is ₩400,000 to ₩750,000 per month, or about $290 to $545 and €265 to €500.
This range is wide because a small unit near Pusan National University, Seomyeon, Haeundae, Gwangalli or a subway station usually rents for more than an older studio in Sasang, Saha or Buk-gu.
What's the average monthly rent for a 1-bedroom in Busan as of 2026?
as of 2026, the average monthly rent for a 1-bedroom apartment in Busan is about ₩780,000, which is roughly $565 or €520.
For most 1-bedroom apartments in Busan in 2026, a realistic rent range is ₩600,000 to ₩1.05 million per month, or about $435 to $760 and €400 to €700.
Within that range, Sasang, Hadan, Yeonsan and parts of Dongnae are usually cheaper, while Haeundae, Marine City, Centum City, Gwangalli and Seomyeon are usually more expensive.
What's the average monthly rent for a 2-bedroom in Busan as of 2026?
as of 2026, the average monthly rent for a 2-bedroom apartment in Busan is about ₩1.35 million, which is roughly $980 or €900.
For most 2-bedroom apartments in Busan in 2026, a realistic rent range is ₩1.0 million to ₩1.8 million per month, or about $725 to $1,305 and €665 to €1,200.
Cheaper 2-bedroom rents are more common in Saha, Sasang, Buk-gu and older Dong-gu stock, while the most expensive 2-bedroom apartments are usually in Marine City, Centum City, Haeundae, Namcheon and Gwangalli.
By the way, you will find much more detailed rent ranges in our property pack covering the real estate market in Busan.
What's the average rent per square meter in Busan as of 2026?
as of 2026, the average residential rent per square meter in Busan is about ₩15,000 per month, which is roughly $11 or €10 per square meter.
Across Busan neighborhoods in 2026, a realistic rent-per-square-meter range is ₩12,000 to ₩20,000, or about $9 to $15 and €8 to €13 per square meter.
Busan is usually cheaper than Seoul for comparable residential rentals, but prime Haeundae, Marine City and Gwangalli units can still feel expensive because sea views and lifestyle demand push rents up.
Rent per square meter in Busan rises above average when the property is small, furnished, near Line 1 or Line 2, close to a university, close to the beach, or in a newer building.
How much have rents changed year-over-year in Busan in 2026?
as of 2026, average practical monthly rents in Busan appear to be up by about 3% to 5% year over year.
The main drivers are stronger demand for small wolse units, the shift away from jeonse, steady demand near subway stations and limited supply of clean furnished homes in popular areas.
Compared with 2025, rent growth in Busan in 2026 looks slightly firmer for studios and 1-bedrooms, while older family apartments in weaker inland districts remain more negotiable.
What's the outlook for rent growth in Busan in 2026?
as of 2026, a realistic rent-growth outlook for Busan is about 3% to 6% for the full year.
The key factors are monthly-rent demand, student demand, smaller household formation, inflation, interest-rate pressure and the continued preference for well-located homes near subway lines.
The strongest rent growth in Busan is likely in Seomyeon, Jeonpo, Haeundae, Centum City, Gwangalli, Pusan National University area and Kyungsung University-Pukyong National University area.
The main risks are weaker household income, too many overpriced listings, slower local population growth and landlords asking too much for older homes away from transit.
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Which neighborhoods rent best in Busan as of 2026?
Which neighborhoods have the highest rents in Busan as of 2026?
as of 2026, the top three high-rent areas in Busan are Marine City, Haeundae Beach and Centum City, where good 1-bedroom units often ask about ₩900,000 to ₩1.2 million, or about $650 to $870 and €600 to €800.
These Busan neighborhoods command premium rents because they combine newer apartments, sea views, offices, retail, restaurants, subway access and a strong lifestyle image.
The usual tenants are corporate workers, high-income young professionals, expats, couples without children and families who want a polished apartment in a convenient coastal area.
By the way, we’ve written a blog article detailing Sources and methodology: we used Rentola Busan listings, Busan public transportation data and Busan district information. We ranked areas by asking rents and tenant appeal. We also checked coastal premiums through our own Busan district model.
Where do young professionals prefer to rent in Busan right now?
The top three young-professional rental areas in Busan are Seomyeon, Jeonpo and Centum City, with Haeundae, Gwangalli and Yeonsan also performing well.
Young professionals in these Busan neighborhoods usually pay ₩650,000 to ₩1.1 million per month, or about $470 to $800 and €435 to €735.
These areas attract young renters because they offer subway access, offices, cafes, restaurants, nightlife, gyms, shopping and easy connections across Busan.
By the way, you will find a detailed tenant analysis in our property pack covering the real estate market in Busan.
Where do families prefer to rent in Busan right now?
The top three family rental areas in Busan are Haeundae New Town, Centum City and Dongnae, with Namcheon, Yeonje and Jangjeon also popular.
Families in these Busan neighborhoods usually pay ₩1.3 million to ₩2.3 million per month for 2-bedroom to 3-bedroom apartments, or about $940 to $1,670 and €865 to €1,535.
These areas attract families because they offer larger apartments, elevators, parking, supermarkets, schools, clinics, parks and better everyday convenience than many older inland areas.
Educational options that support family demand include schools around Haeundae New Town, Dongnae’s established school districts, and university-linked areas near Pusan National University in Jangjeon.
Which areas near transit or universities rent faster in Busan in 2026?
as of 2026, the fastest-renting transit and university areas in Busan are Seomyeon, Pusan National University-Jangjeon and Kyungsung University-Pukyong National University.
Good small units in these high-demand Busan areas often stay listed for about 10 to 20 days when the rent is realistic and the home is ready to move into.
A home within walking distance of a subway station or university in Busan can earn a rent premium of about ₩80,000 to ₩180,000 per month, or about $60 to $130 and €55 to €120.
Which neighborhoods are most popular with expats in Busan right now?
The top three expat-friendly rental neighborhoods in Busan are Haeundae, Gwangalli and Seomyeon, with Marine City, Centum City and the Kyungsung University-Pukyong National University area close behind.
Expats in these Busan neighborhoods usually pay ₩800,000 to ₩1.6 million per month, or about $580 to $1,160 and €535 to €1,065, especially for furnished or easy-move-in homes.
These areas attract expats because they offer English-friendly services, beach lifestyle, restaurants, nightlife, good transport, furnished apartments and easier social networks.
The most visible expat groups in Busan include foreign students, English teachers, shipping and logistics workers, corporate staff, digital workers and spouses of Korean residents.
And if you are also an expat, you may want to read our Sources and methodology: we used MyBusan foreign resident platform, Busan university data and Rentola Busan listings. We focused on foreigner-facing rental demand. We also used our own expat-area checks for Busan.
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Who rents, and what do tenants want in Busan right now?
What tenant profiles dominate rentals in Busan?
The top three tenant profiles in Busan are single workers and young professionals, students and foreign students, and families renting 2-bedroom or 3-bedroom apartments.
A practical estimate is that single workers and young professionals represent about 35% of rental demand, students about 25%, and families about 25%, with the remaining demand coming from expats, couples and short-term renters.
Single workers usually want studios or 1-bedrooms, students want low-friction small units, and families want 2-bedroom or 3-bedroom apartments near schools, parking and daily services.
If you want to optimize your cashflow, you can read our Sources and methodology: we used KOSIS, Population and Housing Census and Busan university data. We mapped household trends onto local rental areas. We also used our own tenant segmentation for Busan.
Do tenants prefer furnished or unfurnished in Busan?
In Busan in 2026, about 55% of small-unit tenants prefer furnished or semi-furnished homes, while about 45% prefer unfurnished or lightly furnished homes, especially in larger family apartments.
A furnished small apartment in Busan can usually earn a premium of ₩80,000 to ₩180,000 per month, or about $60 to $130 and €55 to €120, compared with a similar unfurnished unit.
Furnished rentals are especially popular with foreign students, expats, English teachers, young professionals, interns and tenants who do not want to buy appliances for a short stay.
Which amenities increase rent the most in Busan?
The top five rent-boosting amenities in Busan are subway proximity, sea view, elevator, parking and full furnishing with appliances.
In Busan, subway proximity can add ₩80,000 to ₩180,000, a real sea view can add ₩150,000 to ₩400,000, an elevator can add ₩50,000 to ₩120,000, parking can add ₩60,000 to ₩150,000, and full furnishing can add ₩80,000 to ₩180,000 per month, or roughly $35 to $290 and €30 to €265 depending on the amenity.
In our property pack covering the real estate market in Busan, we cover what are the best investments a landlord can make.
What renovations get the best ROI for rentals in Busan?
The top five rental renovations in Busan are bathroom refresh, kitchen refresh, new air-conditioner, fresh wallpaper or paint, and better lighting with neutral flooring.
Typical Busan renovation costs are about ₩1 million to ₩4 million for a bathroom refresh, ₩1.5 million to ₩5 million for a kitchen refresh, ₩700,000 to ₩1.8 million for an air-conditioner, ₩800,000 to ₩2 million for wallpaper or paint, and ₩1 million to ₩3 million for lighting and flooring, with each upgrade often adding about ₩40,000 to ₩200,000 per month, or about $30 to $145 and €25 to €135.
Poor-ROI renovations in Busan usually include luxury finishes in cheap inland studios, unusual colors, oversized furniture, expensive smart-home systems and view-focused upgrades in units with no real view.
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How strong is rental demand in Busan as of 2026?
What's the vacancy rate for rentals in Busan as of 2026?
as of 2026, a practical estimated vacancy rate for Busan residential rentals is about 4% to 6% citywide.
In stronger Busan areas like Seomyeon, Haeundae, Gwangalli and university corridors, vacancy can be closer to 2% to 4%, while older inland stock in weaker locations can be closer to 6% to 9%.
Compared with a normal historical level, Busan’s 2026 rental vacancy looks manageable, but the market is selective and punishes overpriced homes away from transit.
Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Busan.
How many days do rentals stay listed in Busan as of 2026?
as of 2026, a normal well-priced rental in Busan stays listed for about 20 to 35 days before finding a tenant.
Small units near subway stations or universities can rent in about 10 to 20 days, while overpriced older apartments in weaker inland districts can take 45 days or more.
Compared with one year ago, the best Busan units seem to move a little faster in 2026, especially clean studios and 1-bedrooms in Seomyeon, Haeundae, Gwangalli and student areas.
Which months have peak tenant demand in Busan?
The peak tenant-demand months in Busan are February, March, August and September.
These months are strong because university semesters, job starts, family moves and relocation cycles all bring tenants into the Busan rental market at the same time.
The slowest months are usually late June, July, November and December, unless the property is a beach-area furnished unit that benefits from summer attention.
Don't buy the wrong property, in the wrong area of Busan
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What will my monthly costs be in Busan as of 2026?
What property taxes should landlords expect in Busan as of 2026?
as of 2026, a typical small residential landlord in Busan might pay about ₩700,000 to ₩1.8 million per year in recurring property-related holding taxes, or about $505 to $1,305 and €465 to €1,200.
Depending on the property value, district and ownership situation, a realistic annual property-tax range in Busan is about ₩300,000 to ₩4 million, or about $215 to $2,900 and €200 to €2,665.
Property taxes in Busan are based on official assessed values, ownership type, property value and national Korean tax rules, with higher costs possible for expensive homes or multiple-home owners.
Please note that, in our property pack covering the real estate market in Busan, we cover what exemptions or deductions may be available to reduce property taxes for landlords.
What utilities do landlords often pay in Busan right now?
In Busan, landlords most often pay for owner repairs, appliance replacement, building-owner costs and sometimes internet or basic management items for furnished studios.
Typical landlord-paid items can include internet at about ₩25,000 to ₩40,000 per month, small repairs at about ₩30,000 to ₩80,000 per month when averaged over the year, and appliance replacement reserves at about ₩30,000 to ₩70,000 per month, or roughly $20 to $60 and €20 to €55 per item.
The common Busan practice is that tenants pay electricity, gas, water and many building management fees, unless the home is furnished, serviced, short-term or marketed to foreign renters.
How is rental income taxed in Busan as of 2026?
as of 2026, rental income in Busan is taxed under Korean income-tax rules, so an individual landlord usually reports rental income and pays tax depending on total income, residency and ownership details.
Landlords in Busan can usually deduct normal rental expenses such as repairs, management costs, insurance, some taxes, agent fees and other costs directly linked to earning rent.
The most common Busan-specific tax mistakes are ignoring wolse income, treating deposits too casually, forgetting local income tax, and not checking whether foreign-owner or multiple-home rules change the outcome.
We cover these mistakes, among others, in our Sources and methodology: we used National Tax Service Korea, PwC Korea Tax Summary and PwC Worldwide Tax Summaries Korea. We treated official tax sources as primary. We used professional summaries only to make the rules easier to understand.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in South Korea versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
What sources have we used to write this blog article?
Whether it’s in our blog articles or the market analyses included in our property pack about Busan, we always rely on the strongest methodology we can … and we don’t throw out numbers at random.
We also aim to be fully transparent, so below we’ve listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source used | Why this source is reliable | How we used it for this Busan rent article |
|---|---|---|
| Korea Real Estate Board R-ONE | It is Korea’s official real-estate statistics system. | We used it to anchor the direction of Busan rent changes. We treated it as the main source for official rental-market movement. |
| Korea Real Estate Board brief statistics | It is published by Korea’s real-estate statistical authority. | We used it to cross-check whether rent pressure looked broad or narrow. We did not use it for bedroom-level rent estimates. |
| KOSIS | It is Korea’s official statistical portal. | We used it for demographic and household-demand context. We connected household structure to rental demand in Busan. |
| Population and Housing Census | It is Korea’s national census source. | We used it to frame tenant demand by households and housing stock. We used it carefully because some detailed local tables can lag publication. |
| Bank of Korea Economic Outlook, May 2026 | It is Korea’s central bank forecast. | We used it for inflation, growth and interest-rate context. We used it to judge whether Busan rent growth should stay moderate or accelerate. |
| Busan official individual housing prices, 2026 | It is an official Busan Metropolitan City release. | We used it for 2026 taxable-value direction. We used it to estimate landlord holding-cost pressure in Busan. |
| National Tax Service Korea | It is Korea’s official tax authority. | We used it for rental-income tax framing. We kept the explanation general because individual tax outcomes can vary. |
| PwC Korea Tax Summary 2026 | It is a major professional tax reference that is useful for foreign readers. | We used it to make tax language easier to understand. We used it only as a secondary source after official tax sources. |
| Global Property Guide South Korea market report | It is an established international property-market data source. | We used it as a private-sector market cross-check. We did not use it as the only basis for Busan rent estimates. |
| Savills Korea Residential Market Outlook | Savills is a major real-estate consultancy with clear residential-market research. | We used it to understand the shift from jeonse to monthly rent. We used this trend to support the Busan rent-growth outlook. |
| Rentola Busan listings | It provides current listing-level examples for rental homes in Busan. | We used it to estimate current asking-rent ranges. We adjusted for listing bias and checked it against official market direction. |
| Rentola 1-bedroom Busan listings | It gives live small-unit examples by size and monthly rent. | We used it to estimate studio and 1-bedroom rent ranges. We did not treat the sample as a full official census. |
| Numbeo Busan cost of living | It is a widely used user-submitted cost database, useful as a secondary check. | We used it as a sanity check for affordability and foreigner-facing rents. We did not use it as a primary source. |
| Busan official colleges and universities page | It is Busan City’s own list of local higher-education institutions. | We used it to identify university-linked rental zones. We connected those zones to student and small-unit rental demand. |
| Busan official public transportation page | It is Busan City’s official public-transport page. | We used it to identify transit-led rental demand. We prioritized subway-linked neighborhoods when estimating rental liquidity. |
| Public Data Portal Busan subway map data | It is Korea’s official public-data portal. | We used it to verify the main urban rail network. We used it to explain why station access matters so much in Busan. |
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