Monthly Rent Report
Koreatown Rent Report — May 2023
Asking rents in ZIP 90005, Los Angeles, from 796 listings.
Median 1BR rent in Koreatown was $2,537 in May 2023, up 16.2% (+$354) from April 2023 and up 9.1% year-over-year. The middle half of 1BR listings asked between $2,200 and $2,975. That puts Koreatown $415 above the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 796 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | −$250 (-13.2%) | +$400 (+32.0%) | $1,475 – $2,173 | 231 |
| Studio | $1,911 | +$11 (+0.6%) | +$661 (+52.9%) | $1,792 – $1,993 | 15 |
| 1BR | $2,537 | +$354 (+16.2%) | +$211 (+9.1%) | $2,200 – $2,975 | 265 |
| 1BR | $2,280 | +$97 (+4.4%) | −$46 (-2.0%) | $1,970 – $2,381 | 29 |
| 2BR | $3,250 | −$112 (-3.3%) | −$320 (-9.0%) | $2,950 – $3,950 | 197 |
| 2BR | $3,588 | +$226 (+6.7%) | +$18 (+0.5%) | $3,437 – $3,676 | 3 |
| 3BR | $4,315 | −$165 (-3.7%) | +$1,016 (+30.8%) | $3,500 – $9,545 | 38 |
| 3BR | $5,885 | +$1,405 (+31.4%) | +$2,586 (+78.4%) | $3,798 – $9,595 | 11 |
| 4BR | $12,500 | — | — | $12,500 – $12,500 | 2 |
| 4BR | $12,500 | — | — | $12,500 – $12,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — May 2023
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,750 | −$100 (-5.7%) |
| Studio | $1,911 | $1,750 | +$161 (+9.2%) |
| 1BR | $2,537 | $2,122 | +$415 (+19.6%) |
| 1BR | $2,280 | $2,122 | +$158 (+7.4%) |
| 2BR | $3,250 | $2,780 | +$470 (+16.9%) |
| 2BR | $3,588 | $2,780 | +$808 (+29.1%) |
| 3BR | $4,315 | $3,943 | +$373 (+9.4%) |
| 3BR | $5,885 | $3,943 | +$1,943 (+49.3%) |
| 4BR | $12,500 | $5,000 | +$7,500 (+150.0%) |
| 4BR | $12,500 | $5,000 | +$7,500 (+150.0%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.