RE: SCHOOL OFFERING HOUSING ALLOWANCE

I have been speaking to my potential opportunity in Korea and they are telling me that the university will give me a housing allowance of $300 dollars and pay the key deposit.

So, what exactly do you mean that they are trying to cheat me?
And NOT being an honest offer?

Is that enough to rent an apartment in Daegu?
Is it really hard to find furnished apartments?

Thanks!