Monthly Rent Report
Koreatown Rent Report — August 2023
Asking rents in ZIP 90005, Los Angeles, from 165 listings.
Median 1BR rent in Koreatown was $1,481 in August 2023, down 38.2% (−$915) from July 2023 and down 55.1% year-over-year. The middle half of 1BR listings asked between $1,481 and $1,481. That puts Koreatown $619 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 165 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,980 | −$153 (-7.2%) | +$163 (+9.0%) | $1,742 – $2,222 | 7 |
| Studio | $1,345 | −$788 (-36.9%) | −$472 (-26.0%) | $1,325 – $1,350 | 21 |
| 1BR | $1,481 | −$915 (-38.2%) | −$1,819 (-55.1%) | $1,481 – $1,481 | 3 |
| 1BR | $2,212 | −$184 (-7.7%) | −$1,088 (-33.0%) | $2,129 – $2,299 | 26 |
| 2BR | $3,350 | −$2,014 (-37.6%) | −$313 (-8.5%) | $3,103 – $3,836 | 77 |
| 2BR | $5,010 | −$354 (-6.6%) | +$1,347 (+36.8%) | $4,848 – $5,173 | 2 |
| 3BR | $9,272 | +$3,610 (+63.7%) | +$5,472 (+144.0%) | $9,272 – $9,272 | 1 |
| 3BR | $5,410 | −$253 (-4.5%) | +$1,610 (+42.4%) | $5,086 – $9,414 | 8 |
| 4BR | $12,500 | −$4,000 (-24.2%) | — | $12,500 – $12,500 | 9 |
| 4BR | $12,250 | −$4,250 (-25.8%) | — | $7,281 – $16,500 | 4 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — August 2023
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,980 | $1,775 | +$205 (+11.5%) |
| Studio | $1,345 | $1,775 | −$430 (-24.2%) |
| 1BR | $1,481 | $2,100 | −$619 (-29.5%) |
| 1BR | $2,212 | $2,100 | +$112 (+5.3%) |
| 2BR | $3,350 | $2,895 | +$455 (+15.7%) |
| 2BR | $5,010 | $2,895 | +$2,115 (+73.1%) |
| 3BR | $9,272 | $3,897 | +$5,375 (+137.9%) |
| 3BR | $5,410 | $3,897 | +$1,512 (+38.8%) |
| 4BR | $12,500 | $5,163 | +$7,338 (+142.1%) |
| 4BR | $12,250 | $5,163 | +$7,088 (+137.3%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.