Monthly Rent Report
Koreatown Rent Report — August 2023
Asking rents in ZIP 90006, Los Angeles, from 111 listings.
Median 1BR rent in Koreatown was $1,523 in August 2023, down 32.0% (−$716) from July 2023 and down 30.7% year-over-year. The middle half of 1BR listings asked between $1,386 and $1,659. That puts Koreatown $578 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 111 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,950 | +$478 (+32.4%) | +$125 (+6.8%) | $1,950 – $2,145 | 16 |
| Studio | $1,599 | +$127 (+8.6%) | −$226 (-12.4%) | $1,499 – $1,599 | 3 |
| 1BR | $1,523 | −$716 (-32.0%) | −$675 (-30.7%) | $1,386 – $1,659 | 2 |
| 1BR | $1,845 | −$393 (-17.6%) | −$352 (-16.0%) | $1,250 – $2,538 | 51 |
| 2BR | $1,915 | −$750 (-28.1%) | −$1,184 (-38.2%) | $1,915 – $2,000 | 9 |
| 2BR | $2,750 | +$85 (+3.2%) | −$349 (-11.3%) | $2,750 – $2,750 | 1 |
| 3BR | $3,475 | −$108 (-3.0%) | +$75 (+2.2%) | $3,413 – $3,500 | 8 |
| 3BR | $3,500 | −$83 (-2.3%) | +$100 (+2.9%) | $3,500 – $3,500 | 1 |
| 4BR | $4,295 | −$705 (-14.1%) | −$295 (-6.4%) | $4,295 – $4,295 | 1 |
| 4BR | $4,850 | −$150 (-3.0%) | +$260 (+5.7%) | $4,295 – $5,700 | 8 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — August 2023
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,950 | $1,775 | +$175 (+9.9%) |
| Studio | $1,599 | $1,775 | −$176 (-9.9%) |
| 1BR | $1,523 | $2,100 | −$577 (-27.5%) |
| 1BR | $1,845 | $2,100 | −$255 (-12.1%) |
| 2BR | $1,915 | $2,895 | −$980 (-33.9%) |
| 2BR | $2,750 | $2,895 | −$145 (-5.0%) |
| 3BR | $3,475 | $3,897 | −$422 (-10.8%) |
| 3BR | $3,500 | $3,897 | −$397 (-10.2%) |
| 4BR | $4,295 | $5,163 | −$867 (-16.8%) |
| 4BR | $4,850 | $5,163 | −$313 (-6.1%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.