Monthly Rent Report
Koreatown Rent Report — August 2024
Asking rents in ZIP 90005, Los Angeles, from 60 listings.
Median 1BR rent in Koreatown was $2,370 in August 2024, down 3.0% (−$72) from July 2024 and up 7.1% year-over-year. The middle half of 1BR listings asked between $2,323 and $2,443. That puts Koreatown $275 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 60 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,360 | −$812 (-37.4%) | −$620 (-31.3%) | $1,360 – $1,360 | 1 |
| Studio | $2,130 | −$42 (-2.0%) | +$150 (+7.6%) | $2,078 – $2,203 | 15 |
| 1BR | $2,370 | −$72 (-3.0%) | +$158 (+7.1%) | $2,323 – $2,443 | 39 |
| 2BR | $3,492 | +$314 (+9.9%) | −$1,518 (-30.3%) | $3,395 – $3,515 | 3 |
| 3BR | $4,495 | +$795 (+21.5%) | −$4,777 (-51.5%) | $4,495 – $4,495 | 1 |
| 4BR | $5,700 | $0 (0.0%) | −$6,550 (-53.5%) | $5,700 – $5,700 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — August 2024
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,360 | $1,750 | −$390 (-22.3%) |
| Studio | $2,130 | $1,750 | +$380 (+21.7%) |
| 1BR | $2,370 | $2,095 | +$275 (+13.1%) |
| 2BR | $3,492 | $2,795 | +$697 (+24.9%) |
| 3BR | $4,495 | $4,000 | +$495 (+12.4%) |
| 4BR | $5,700 | $4,895 | +$805 (+16.4%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.