Cheonghak-dong Rent Prices in Busan 2026
Our Verdict
"Smart Money"
With a median price of $10.5/m² monthly, our neighborhood analysis suggests this is a SMART_MONEY move for those who don't need a polished lifestyle. You are getting some of the lowest m² stats in the city because the hills are brutal and the infrastructure is aging. The investment outlook remains stable as long as you're okay with industrial noise and a lack of flat ground.
The Vibe:Cheonghak-dong is the gritty, unpolished side of Yeongdo-gu where ship repair yards meet steep hillside residential blocks. You won't find a subway station here; instead, you're dependent on buses crossing the Busan Harbor Bridge or navigating the winding slopes. The crowd is a mix of shipyard laborers and older residents who value low costs over modern convenience.
The median rent price in Cheonghak-dong, Busan is $10.5 per m² per month, 100% below the Busan city average of $17650/m². Based on 1 verified rental data points as of February 2026.
Market Median · Cheonghak-dong
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Quick Estimate
Cheonghak-dong @ $10.5/m²/mo
District Highlights
Locals Ask
How do these m² stats compare to the rest of Busan?
At an average rent of $10.5/m², Cheonghak-dong is significantly cheaper than the mainland, purely because it lacks a subway and has tough topography.
Is the investment outlook positive for renters here?
It is a SMART_MONEY play because prices are bottomed out, meaning you get more space for your dollar than anywhere else near the water.
What is the biggest downside to living in Cheonghak-dong?
Parking is an absolute nightmare in the upper hillside alleys, and you'll be doing a lot of steep walking to get to the nearest bus stop.
Is there any new construction in the area?
Most of the stock is aging low-rises, but a few newer developments near the waterfront are pushing the upper limit of $14.8/m².
How loud are the shipyards?
If you live closer to the water, expect the clang of metal and industrial machinery during daylight hours—it’s the soundtrack of the neighborhood.
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About This Data
Data Sources
Cheonghak-dong prices are sourced from real market listings and verified location scans submitted by users in Busan. Each neighbourhood requires multiple independent data points before publication to ensure statistical reliability.
Methodology
We report median prices — not averages — to reduce outlier distortion. All figures are per square metre (per month). The 2/5 rating reflects price-to-value relative to local amenities, transit access, and broader market conditions in Busan.
Last Updated
This page was last updated in February 2026. AI-generated insights — including the vibe description, verdict, and FAQs — are regenerated whenever the underlying price data changes to keep analysis current.