Monthly Rent Report
Koreatown Rent Report — July 2023
Asking rents in ZIP 90006, Los Angeles, from 123 listings.
Median 1BR rent in Koreatown was $1,775 in July 2023, down 38.8% (−$1,125) from June 2023 and down 22.3% year-over-year. The middle half of 1BR listings asked between $1,713 and $1,838. That puts Koreatown $350 below the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 123 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,473 | −$127 (-8.0%) | −$22 (-1.5%) | $1,434 – $1,511 | 2 |
| Studio | $1,463 | −$137 (-8.6%) | −$32 (-2.2%) | $1,350 – $1,698 | 34 |
| 1BR | $1,775 | −$1,125 (-38.8%) | −$510 (-22.3%) | $1,713 – $1,838 | 2 |
| 1BR | $2,239 | −$661 (-22.8%) | −$46 (-2.0%) | $1,921 – $2,619 | 42 |
| 2BR | $2,500 | +$305 (+13.9%) | −$494 (-16.5%) | $2,495 – $3,108 | 29 |
| 2BR | $2,665 | +$470 (+21.4%) | −$329 (-11.0%) | $2,665 – $2,665 | 1 |
| 3BR | $3,583 | +$1,483 (+70.6%) | +$83 (+2.4%) | $3,342 – $3,583 | 3 |
| 3BR | $3,760 | +$1,660 (+79.0%) | +$260 (+7.4%) | $3,760 – $3,760 | 1 |
| 4BR | $3,995 | −$2,175 (-35.3%) | −$1,000 (-20.0%) | $3,995 – $4,098 | 3 |
| 4BR | $5,000 | −$1,170 (-19.0%) | +$5 (+0.1%) | $3,900 – $5,200 | 3 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — July 2023
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,473 | $1,800 | −$327 (-18.2%) |
| Studio | $1,463 | $1,800 | −$337 (-18.8%) |
| 1BR | $1,775 | $2,125 | −$350 (-16.5%) |
| 1BR | $2,239 | $2,125 | +$114 (+5.3%) |
| 2BR | $2,500 | $2,873 | −$373 (-13.0%) |
| 2BR | $2,665 | $2,873 | −$208 (-7.2%) |
| 3BR | $3,583 | $3,836 | −$253 (-6.6%) |
| 3BR | $3,760 | $3,836 | −$76 (-2.0%) |
| 4BR | $3,995 | $4,572 | −$577 (-12.6%) |
| 4BR | $5,000 | $4,572 | +$428 (+9.4%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.