Monthly Rent Report
Koreatown Rent Report — March 2023
Asking rents in ZIP 90005, Los Angeles, from 1,053 listings.
Median 1BR rent in Koreatown was $2,480 in March 2023, down 4.5% (−$116) from February 2023 and up 30.5% year-over-year. The middle half of 1BR listings asked between $2,150 and $2,809. That puts Koreatown $383 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 1,053 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,599 | −$405 (-20.2%) | +$400 (+33.4%) | $1,495 – $2,215 | 321 |
| Studio | $1,967 | −$37 (-1.8%) | +$768 (+64.1%) | $1,931 – $2,025 | 23 |
| 1BR | $2,480 | −$116 (-4.5%) | +$580 (+30.5%) | $2,150 – $2,809 | 410 |
| 1BR | $2,286 | −$310 (-11.9%) | +$386 (+20.3%) | $2,111 – $2,414 | 17 |
| 2BR | $3,200 | −$581 (-15.4%) | −$351 (-9.9%) | $2,750 – $3,621 | 235 |
| 2BR | $3,356 | −$425 (-11.2%) | −$195 (-5.5%) | $3,356 – $3,356 | 1 |
| 3BR | $3,850 | −$25 (-0.6%) | +$1,155 (+42.9%) | $3,600 – $4,500 | 45 |
| 3BR | $3,500 | −$375 (-9.7%) | +$805 (+29.9%) | $3,500 – $3,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — March 2023
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,599 | $1,745 | −$146 (-8.4%) |
| Studio | $1,967 | $1,745 | +$222 (+12.7%) |
| 1BR | $2,480 | $2,097 | +$383 (+18.3%) |
| 1BR | $2,286 | $2,097 | +$189 (+9.0%) |
| 2BR | $3,200 | $2,750 | +$450 (+16.4%) |
| 2BR | $3,356 | $2,750 | +$606 (+22.0%) |
| 3BR | $3,850 | $3,923 | −$72 (-1.8%) |
| 3BR | $3,500 | $3,923 | −$422 (-10.8%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.