This study was performed to estimate the emission rate of volatile organic compounds (VOCs) and to evaluate the risk level affected by indoor air pollutants (IAPs) in 27 new apartments (prior to residence) in Seoul City from December 2004 to March 2005. The indoor air pollutants investigated in this study include formaldehyde, several aromatic VOCs (benzene, toluene, styrene, xylene, and ethylbenzene). All measurements were made based on the standard method of Ministry of Environment in Korea. The indoor concentration levels for benzene, xylene, toluene, ethylbenzene, styrene, and formaldehyde have significant increase trend 5 hours after closing windows and doors. Levels of air pollutants did not exhibit significant difference between living rooms and bedrooms. The air exchange rates by the concentration decay method using SF6 were 0.37 for low floor, 0.32 for middle floor, and 0.75 for high floor. The emission rate showed the highest level in the middle floor and second one in the low floor, when estimated by the IAQ model for benzene, toluene, ethylbenzene, xylene, styrene, and formaldehyde. Considering the above result, it is suggested that the estimation of emission rate be considered when the new apartment is designed and constructed with respect to construction materials to emit low VOCs. Moreover, the related regulation should be established for IAQ management.