Monthly Rent Report
Koreatown Rent Report — July 2023
Asking rents in ZIP 90020, Los Angeles, from 164 listings.
Median 1BR rent in Koreatown was $2,150 in July 2023, up 2.9% (+$60) from June 2023 and up 7.5% year-over-year. The middle half of 1BR listings asked between $1,995 and $2,150. That puts Koreatown $25 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 164 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,663 | +$128 (+8.3%) | −$95 (-5.4%) | $1,495 – $1,875 | 42 |
| Studio | $1,713 | +$178 (+11.6%) | −$45 (-2.6%) | $1,704 – $1,740 | 4 |
| 1BR | $2,150 | +$60 (+2.9%) | +$150 (+7.5%) | $1,995 – $2,150 | 71 |
| 1BR | $1,945 | −$145 (-6.9%) | −$55 (-2.8%) | $1,912 – $1,947 | 3 |
| 2BR | $2,849 | +$549 (+23.9%) | −$551 (-16.2%) | $2,849 – $2,849 | 1 |
| 2BR | $2,750 | +$450 (+19.6%) | −$650 (-19.1%) | $2,599 – $2,950 | 37 |
| 3BR | $3,375 | +$80 (+2.4%) | +$155 (+4.8%) | $3,375 – $3,375 | 1 |
| 3BR | $3,495 | +$200 (+6.1%) | +$275 (+8.5%) | $3,495 – $4,100 | 5 |
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 | $1,663 | $1,800 | −$137 (-7.6%) |
| Studio | $1,713 | $1,800 | −$87 (-4.9%) |
| 1BR | $2,150 | $2,125 | +$25 (+1.2%) |
| 1BR | $1,945 | $2,125 | −$180 (-8.5%) |
| 2BR | $2,849 | $2,873 | −$24 (-0.8%) |
| 2BR | $2,750 | $2,873 | −$123 (-4.3%) |
| 3BR | $3,375 | $3,836 | −$461 (-12.0%) |
| 3BR | $3,495 | $3,836 | −$341 (-8.9%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.