Monthly Rent Report
Koreatown Rent Report — October 2023
Asking rents in ZIP 90005, Los Angeles, from 128 listings.
Median 1BR rent in Koreatown was $1,845 in October 2023, up 3.4% (+$60) from September 2023 and down 26.2% year-over-year. The middle half of 1BR listings asked between $1,845 and $1,920. That puts Koreatown $153 below the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 128 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,550 | −$419 (-21.3%) | −$45 (-2.8%) | $1,550 – $1,550 | 4 |
| Studio | $2,155 | +$186 (+9.4%) | +$560 (+35.1%) | $1,913 – $2,688 | 13 |
| 1BR | $1,845 | +$60 (+3.4%) | −$655 (-26.2%) | $1,845 – $1,920 | 5 |
| 1BR | $2,159 | +$374 (+21.0%) | −$341 (-13.6%) | $2,001 – $2,403 | 29 |
| 2BR | $2,550 | −$357 (-12.3%) | −$388 (-13.2%) | $2,221 – $2,870 | 42 |
| 2BR | $4,962 | +$2,055 (+70.7%) | +$2,025 (+68.9%) | $3,785 – $5,365 | 7 |
| 3BR | $3,998 | −$3,403 (-46.0%) | −$297 (-6.9%) | $3,800 – $4,200 | 12 |
| 3BR | $5,795 | −$1,606 (-21.7%) | +$1,500 (+34.9%) | $5,795 – $5,795 | 1 |
| 4BR | $12,500 | +$7,850 (+168.8%) | — | $10,538 – $12,500 | 4 |
| 4BR | $7,500 | +$2,850 (+61.3%) | — | $7,500 – $7,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — October 2023
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,550 | $1,700 | −$150 (-8.8%) |
| Studio | $2,155 | $1,700 | +$455 (+26.8%) |
| 1BR | $1,845 | $1,998 | −$152 (-7.6%) |
| 1BR | $2,159 | $1,998 | +$162 (+8.1%) |
| 2BR | $2,550 | $2,750 | −$200 (-7.3%) |
| 2BR | $4,962 | $2,750 | +$2,212 (+80.4%) |
| 3BR | $3,998 | $4,195 | −$197 (-4.7%) |
| 3BR | $5,795 | $4,195 | +$1,600 (+38.1%) |
| 4BR | $12,500 | $5,275 | +$7,225 (+137.0%) |
| 4BR | $7,500 | $5,275 | +$2,225 (+42.2%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.