Monthly Rent Report
Koreatown Rent Report — March 2024
Asking rents in ZIP 90005, Los Angeles, from 2,094 listings.
Median 1BR rent in Koreatown was $2,335 in March 2024, down 4.3% (−$105) from February 2024 and up 2.1% year-over-year. The middle half of 1BR listings asked between $2,249 and $2,368. That puts Koreatown $190 above the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 2,094 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,975 | −$27 (-1.4%) | +$376 (+23.5%) | $1,495 – $2,297 | 549 |
| Studio | $1,955 | −$47 (-2.4%) | +$356 (+22.3%) | $1,325 – $2,055 | 15 |
| 1BR | $2,335 | −$105 (-4.3%) | +$49 (+2.1%) | $2,249 – $2,368 | 27 |
| 1BR | $2,745 | +$305 (+12.5%) | +$459 (+20.1%) | $2,250 – $3,372 | 877 |
| 2BR | $3,337 | +$160 (+5.0%) | +$137 (+4.3%) | $3,242 – $3,345 | 7 |
| 2BR | $3,406 | +$229 (+7.2%) | +$206 (+6.4%) | $3,091 – $4,686 | 560 |
| 3BR | $3,410 | −$2,234 (-39.6%) | −$90 (-2.6%) | $3,410 – $3,410 | 1 |
| 3BR | $4,400 | −$1,244 (-22.0%) | +$900 (+25.7%) | $3,500 – $5,522 | 37 |
| 4BR | $6,000 | −$900 (-13.0%) | — | $5,800 – $6,000 | 5 |
| 4BR | $6,000 | −$900 (-13.0%) | — | $5,800 – $6,000 | 5 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — March 2024
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,975 | $1,723 | +$253 (+14.7%) |
| Studio | $1,955 | $1,723 | +$233 (+13.5%) |
| 1BR | $2,335 | $2,145 | +$190 (+8.9%) |
| 1BR | $2,745 | $2,145 | +$600 (+28.0%) |
| 2BR | $3,337 | $2,850 | +$487 (+17.1%) |
| 2BR | $3,406 | $2,850 | +$556 (+19.5%) |
| 3BR | $3,410 | $3,762 | −$352 (-9.4%) |
| 3BR | $4,400 | $3,762 | +$638 (+17.0%) |
| 4BR | $6,000 | $4,950 | +$1,050 (+21.2%) |
| 4BR | $6,000 | $4,950 | +$1,050 (+21.2%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.