Monthly Rent Report
Koreatown Rent Report — May 2024
Asking rents in ZIP 90006, Los Angeles, from 454 listings.
Median 1BR rent in Koreatown was $2,045 in May 2024, up 36.8% (+$550) from April 2024 and down 8.9% year-over-year. The middle half of 1BR listings asked between $1,784 and $2,400. That puts Koreatown $50 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 454 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,395 | −$55 (-3.8%) | −$135 (-8.8%) | $1,298 – $1,625 | 155 |
| Studio | $1,198 | −$252 (-17.4%) | −$332 (-21.7%) | $1,146 – $1,249 | 2 |
| 1BR | $2,045 | +$550 (+36.8%) | −$200 (-8.9%) | $1,784 – $2,400 | 200 |
| 1BR | $2,500 | +$1,005 (+67.2%) | +$255 (+11.4%) | $2,500 – $2,500 | 1 |
| 2BR | $2,450 | −$203 (-7.7%) | −$545 (-18.2%) | $2,450 – $2,450 | 2 |
| 2BR | $2,268 | −$385 (-14.5%) | −$727 (-24.3%) | $2,268 – $2,268 | 2 |
| 3BR | $1,795 | −$1,705 (-48.7%) | −$2,500 (-58.2%) | $1,795 – $1,795 | 1 |
| 3BR | $3,500 | $0 (0.0%) | −$795 (-18.5%) | $3,190 – $3,950 | 49 |
| 4BR | $5,000 | +$1,242 (+33.0%) | +$605 (+13.8%) | $5,000 – $5,000 | 8 |
| 4BR | $5,000 | +$1,242 (+33.0%) | +$605 (+13.8%) | $5,000 – $5,000 | 3 |
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 | $1,395 | $1,795 | −$400 (-22.3%) |
| Studio | $1,198 | $1,795 | −$597 (-33.3%) |
| 1BR | $2,045 | $2,095 | −$50 (-2.4%) |
| 1BR | $2,500 | $2,095 | +$405 (+19.3%) |
| 2BR | $2,450 | $2,850 | −$400 (-14.0%) |
| 2BR | $2,268 | $2,850 | −$582 (-20.4%) |
| 3BR | $1,795 | $3,969 | −$2,173 (-54.8%) |
| 3BR | $3,500 | $3,969 | −$468 (-11.8%) |
| 4BR | $5,000 | $5,175 | −$175 (-3.4%) |
| 4BR | $5,000 | $5,175 | −$175 (-3.4%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.