Monthly Rent Report
Koreatown Rent Report — May 2024
Asking rents in ZIP 90005, Los Angeles, from 2,761 listings.
Median 1BR rent in Koreatown was $2,438 in May 2024, up 6.2% (+$143) from April 2024 and up 6.9% year-over-year. The middle half of 1BR listings asked between $2,324 and $2,596. That puts Koreatown $343 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 2,761 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,058 | +$154 (+8.1%) | +$147 (+7.7%) | $2,029 – $2,104 | 28 |
| Studio | $2,084 | +$180 (+9.4%) | +$173 (+9.0%) | $1,496 – $2,380 | 746 |
| 1BR | $2,438 | +$143 (+6.2%) | +$158 (+6.9%) | $2,324 – $2,596 | 24 |
| 1BR | $3,017 | +$722 (+31.5%) | +$737 (+32.3%) | $2,417 – $3,406 | 1,100 |
| 2BR | $3,176 | +$42 (+1.3%) | −$74 (-2.3%) | $3,078 – $3,274 | 2 |
| 2BR | $3,519 | +$384 (+12.3%) | +$269 (+8.3%) | $3,200 – $4,800 | 776 |
| 3BR | $4,701 | +$321 (+7.3%) | +$386 (+8.9%) | $3,700 – $8,329 | 70 |
| 3BR | $3,850 | −$530 (-12.1%) | −$465 (-10.8%) | $3,850 – $3,850 | 1 |
| 4BR | $5,800 | −$6,100 (-51.3%) | −$6,700 (-53.6%) | $5,800 – $7,325 | 4 |
| 4BR | $11,900 | $0 (0.0%) | −$600 (-4.8%) | $11,900 – $11,900 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — May 2024
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,058 | $1,795 | +$263 (+14.6%) |
| Studio | $2,084 | $1,795 | +$289 (+16.1%) |
| 1BR | $2,438 | $2,095 | +$343 (+16.3%) |
| 1BR | $3,017 | $2,095 | +$922 (+44.0%) |
| 2BR | $3,176 | $2,850 | +$326 (+11.4%) |
| 2BR | $3,519 | $2,850 | +$669 (+23.5%) |
| 3BR | $4,701 | $3,969 | +$733 (+18.5%) |
| 3BR | $3,850 | $3,969 | −$118 (-3.0%) |
| 4BR | $5,800 | $5,175 | +$625 (+12.1%) |
| 4BR | $11,900 | $5,175 | +$6,725 (+130.0%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.