Monthly Rent Report
Koreatown Rent Report — March 2023
Asking rents in ZIP 90020, Los Angeles, from 695 listings.
Median 1BR rent in Koreatown was $2,145 in March 2023, up 4.4% (+$91) from February 2023 and up 26.5% year-over-year. The middle half of 1BR listings asked between $1,964 and $2,150. That puts Koreatown $48 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 695 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,475 | −$175 (-10.6%) | −$675 (-31.4%) | $1,463 – $1,488 | 2 |
| Studio | $1,625 | −$25 (-1.5%) | −$525 (-24.4%) | $1,495 – $1,875 | 216 |
| 1BR | $2,145 | +$91 (+4.4%) | +$450 (+26.5%) | $1,964 – $2,150 | 300 |
| 1BR | $1,910 | −$144 (-7.0%) | +$215 (+12.7%) | $1,770 – $2,049 | 7 |
| 2BR | $2,750 | +$110 (+4.2%) | −$1,237 (-31.0%) | $2,600 – $2,949 | 150 |
| 2BR | $2,620 | −$20 (-0.8%) | −$1,367 (-34.3%) | $2,620 – $2,620 | 1 |
| 3BR | $3,798 | +$1,203 (+46.4%) | — | $3,600 – $3,798 | 5 |
| 3BR | $3,699 | +$1,104 (+42.5%) | — | $3,600 – $3,798 | 6 |
| 4BR | $15,500 | $0 (0.0%) | — | $15,500 – $15,500 | 2 |
| 4BR | $15,500 | $0 (0.0%) | — | $15,500 – $15,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — March 2023
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,475 | $1,745 | −$270 (-15.5%) |
| Studio | $1,625 | $1,745 | −$120 (-6.9%) |
| 1BR | $2,145 | $2,097 | +$48 (+2.3%) |
| 1BR | $1,910 | $2,097 | −$187 (-8.9%) |
| 2BR | $2,750 | $2,750 | $0 (0.0%) |
| 2BR | $2,620 | $2,750 | −$130 (-4.7%) |
| 3BR | $3,798 | $3,923 | −$124 (-3.2%) |
| 3BR | $3,699 | $3,923 | −$223 (-5.7%) |
| 4BR | $15,500 | $4,760 | +$10,740 (+225.6%) |
| 4BR | $15,500 | $4,760 | +$10,740 (+225.6%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.