Monthly Rent Report
Koreatown Rent Report — May 2023
Asking rents in ZIP 90020, Los Angeles, from 480 listings.
Median 1BR rent in Koreatown was $2,000 in May 2023, up 5.8% (+$110) from April 2023 and up 3.2% year-over-year. The middle half of 1BR listings asked between $1,882 and $2,085. That puts Koreatown $122 below the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 480 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | −$86 (-5.0%) | −$24 (-1.5%) | $1,495 – $1,875 | 145 |
| Studio | $1,716 | −$20 (-1.2%) | +$41 (+2.4%) | $1,559 – $1,890 | 4 |
| 1BR | $2,000 | +$110 (+5.8%) | +$63 (+3.2%) | $1,882 – $2,085 | 7 |
| 1BR | $2,150 | +$260 (+13.8%) | +$213 (+11.0%) | $1,950 – $2,150 | 193 |
| 2BR | $2,626 | −$124 (-4.5%) | −$874 (-25.0%) | $2,560 – $2,691 | 2 |
| 2BR | $2,750 | $0 (0.0%) | −$750 (-21.4%) | $2,664 – $2,939 | 120 |
| 3BR | $3,600 | −$150 (-4.0%) | +$355 (+10.9%) | $3,600 – $3,600 | 1 |
| 3BR | $3,548 | −$202 (-5.4%) | +$303 (+9.3%) | $3,495 – $3,975 | 6 |
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 | $1,650 | $1,750 | −$100 (-5.7%) |
| Studio | $1,716 | $1,750 | −$34 (-2.0%) |
| 1BR | $2,000 | $2,122 | −$122 (-5.7%) |
| 1BR | $2,150 | $2,122 | +$28 (+1.3%) |
| 2BR | $2,626 | $2,780 | −$154 (-5.6%) |
| 2BR | $2,750 | $2,780 | −$30 (-1.1%) |
| 3BR | $3,600 | $3,943 | −$342 (-8.7%) |
| 3BR | $3,548 | $3,943 | −$395 (-10.0%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.