Navigating the Korean housing market can be confusing at first, so here are the essentials. There are a few main types of housing: jeonse (전세) uses a large deposit with no monthly rent, wolse (월세) is a smaller deposit plus monthly rent, and a goshiwon (고시원) is a small room and the cheapest option. Areas popular with foreigners include Itaewon and Hannam for the international community, Hongdae and Sinchon for a young, lively atmosphere near universities, and Gangnam and Yeoksam for the business district. A few tips: always use a licensed real estate agent (부동산), have your lease contract reviewed before signing, check whether utilities are included, and protect your deposit by registering your lease at the local district office.