Monthly Rent Report
Koreatown Rent Report — February 2023
Asking rents in ZIP 90005, Los Angeles, from 725 listings.
Median 1BR rent in Koreatown was $2,596 in February 2023, down 2.4% (−$64) from January 2023 and up 22.2% year-over-year. The middle half of 1BR listings asked between $2,045 and $3,117. That puts Koreatown $471 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 725 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,004 | −$62 (-3.0%) | −$65 (-3.2%) | $1,910 – $2,042 | 16 |
| Studio | $2,060 | −$6 (-0.3%) | −$9 (-0.5%) | $1,499 – $2,330 | 205 |
| 1BR | $2,596 | −$64 (-2.4%) | +$471 (+22.2%) | $2,045 – $3,117 | 305 |
| 1BR | $2,420 | −$240 (-9.0%) | +$295 (+13.9%) | $2,290 – $2,495 | 11 |
| 2BR | $3,226 | −$19 (-0.6%) | −$474 (-12.8%) | $2,750 – $3,591 | 161 |
| 2BR | $3,781 | +$536 (+16.5%) | +$81 (+2.2%) | $3,386 – $3,781 | 5 |
| 3BR | $3,995 | −$1,755 (-30.5%) | −$1,755 (-30.5%) | $3,895 – $4,095 | 2 |
| 3BR | $3,875 | −$1,875 (-32.6%) | −$1,875 (-32.6%) | $3,449 – $4,195 | 20 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — February 2023
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,004 | $1,795 | +$209 (+11.6%) |
| Studio | $2,060 | $1,795 | +$265 (+14.8%) |
| 1BR | $2,596 | $2,125 | +$471 (+22.2%) |
| 1BR | $2,420 | $2,125 | +$295 (+13.9%) |
| 2BR | $3,226 | $2,773 | +$453 (+16.3%) |
| 2BR | $3,781 | $2,773 | +$1,008 (+36.4%) |
| 3BR | $3,995 | $3,850 | +$145 (+3.8%) |
| 3BR | $3,875 | $3,850 | +$25 (+0.6%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in February 2023.