Monthly Rent Report
Koreatown Rent Report — July 2023
Asking rents in ZIP 90005, Los Angeles, from 342 listings.
Median 1BR rent in Koreatown was $2,492 in July 2023, up 3.2% (+$78) from June 2023 and down 5.2% year-over-year. The middle half of 1BR listings asked between $2,150 and $2,908. That puts Koreatown $367 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 342 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,133 | +$276 (+14.8%) | +$688 (+47.6%) | $2,101 – $2,613 | 21 |
| Studio | $2,019 | +$162 (+8.7%) | +$574 (+39.7%) | $1,525 – $2,365 | 74 |
| 1BR | $2,492 | +$78 (+3.2%) | −$137 (-5.2%) | $2,150 – $2,908 | 91 |
| 1BR | $2,396 | −$18 (-0.8%) | −$233 (-8.9%) | $2,218 – $2,738 | 39 |
| 2BR | $3,307 | −$82 (-2.4%) | +$807 (+32.3%) | $3,095 – $3,870 | 73 |
| 2BR | $5,365 | +$1,975 (+58.3%) | +$2,865 (+114.6%) | $5,111 – $5,583 | 28 |
| 3BR | $5,663 | +$1,838 (+48.0%) | +$1,368 (+31.8%) | $3,960 – $9,614 | 8 |
| 3BR | $5,933 | +$2,108 (+55.1%) | +$1,638 (+38.1%) | $5,914 – $5,951 | 2 |
| 4BR | $16,500 | +$4,875 (+41.9%) | −$2,000 (-10.8%) | $16,500 – $16,500 | 1 |
| 4BR | $5,122 | −$6,503 (-55.9%) | −$13,378 (-72.3%) | $5,122 – $5,122 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — July 2023
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,133 | $1,800 | +$333 (+18.5%) |
| Studio | $2,019 | $1,800 | +$219 (+12.2%) |
| 1BR | $2,492 | $2,125 | +$367 (+17.3%) |
| 1BR | $2,396 | $2,125 | +$271 (+12.8%) |
| 2BR | $3,307 | $2,873 | +$434 (+15.1%) |
| 2BR | $5,365 | $2,873 | +$2,491 (+86.7%) |
| 3BR | $5,663 | $3,836 | +$1,827 (+47.6%) |
| 3BR | $5,933 | $3,836 | +$2,097 (+54.7%) |
| 4BR | $16,500 | $4,572 | +$11,928 (+260.9%) |
| 4BR | $5,122 | $4,572 | +$550 (+12.0%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.