Monthly Rent Report
Koreatown Rent Report — May 2023
Asking rents in ZIP 90006, Los Angeles, from 362 listings.
Median 1BR rent in Koreatown was $1,495 in May 2023, down 3.2% (−$50) from April 2023 and down 31.1% year-over-year. The middle half of 1BR listings asked between $1,495 and $1,495. That puts Koreatown $627 below the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 362 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,450 | $0 (0.0%) | −$347 (-19.3%) | $1,450 – $1,450 | 1 |
| Studio | $1,530 | +$80 (+5.5%) | −$267 (-14.9%) | $1,445 – $1,775 | 113 |
| 1BR | $1,495 | −$50 (-3.2%) | −$676 (-31.1%) | $1,495 – $1,495 | 1 |
| 1BR | $2,245 | +$700 (+45.3%) | +$74 (+3.4%) | $1,899 – $2,625 | 141 |
| 2BR | $2,250 | +$53 (+2.4%) | −$350 (-13.5%) | $2,250 – $2,250 | 1 |
| 2BR | $2,995 | +$798 (+36.3%) | +$395 (+15.2%) | $2,495 – $3,313 | 80 |
| 3BR | $3,937 | +$537 (+15.8%) | +$431 (+12.3%) | $3,625 – $3,995 | 15 |
| 3BR | $4,295 | +$895 (+26.3%) | +$789 (+22.5%) | $4,295 – $4,295 | 1 |
| 4BR | $4,395 | +$170 (+4.0%) | +$83 (+1.9%) | $4,395 – $4,395 | 3 |
| 4BR | $4,395 | +$170 (+4.0%) | +$83 (+1.9%) | $4,395 – $4,395 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — May 2023
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,450 | $1,750 | −$300 (-17.1%) |
| Studio | $1,530 | $1,750 | −$220 (-12.6%) |
| 1BR | $1,495 | $2,122 | −$627 (-29.5%) |
| 1BR | $2,245 | $2,122 | +$123 (+5.8%) |
| 2BR | $2,250 | $2,780 | −$530 (-19.1%) |
| 2BR | $2,995 | $2,780 | +$215 (+7.7%) |
| 3BR | $3,937 | $3,943 | −$5 (-0.1%) |
| 3BR | $4,295 | $3,943 | +$353 (+8.9%) |
| 4BR | $4,395 | $5,000 | −$605 (-12.1%) |
| 4BR | $4,395 | $5,000 | −$605 (-12.1%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.