Monthly Rent Report
Koreatown Rent Report — August 2023
Asking rents in ZIP 90020, Los Angeles, from 102 listings.
Median 1BR rent in Koreatown was $2,400 in August 2023, up 23.4% (+$455) from July 2023 and up 18.5% year-over-year. The middle half of 1BR listings asked between $2,400 and $2,400. That puts Koreatown $300 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 102 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,495 | −$167 (-10.1%) | −$55 (-3.5%) | $1,445 – $1,628 | 3 |
| Studio | $1,773 | +$110 (+6.6%) | +$223 (+14.4%) | $1,519 – $1,875 | 44 |
| 1BR | $2,400 | +$455 (+23.4%) | +$375 (+18.5%) | $2,400 – $2,400 | 1 |
| 1BR | $1,957 | +$12 (+0.6%) | −$68 (-3.4%) | $1,924 – $1,973 | 8 |
| 2BR | $2,749 | −$1 (-0.0%) | +$54 (+2.0%) | $2,650 – $2,884 | 31 |
| 2BR | $2,681 | −$69 (-2.5%) | −$14 (-0.5%) | $2,681 – $2,681 | 1 |
| 3BR | $3,497 | +$2 (+0.0%) | +$202 (+6.1%) | $3,495 – $3,950 | 10 |
| 3BR | $3,495 | $0 (0.0%) | +$200 (+6.1%) | $3,495 – $3,495 | 2 |
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 | $1,495 | $1,775 | −$280 (-15.8%) |
| Studio | $1,773 | $1,775 | −$2 (-0.1%) |
| 1BR | $2,400 | $2,100 | +$300 (+14.3%) |
| 1BR | $1,957 | $2,100 | −$143 (-6.8%) |
| 2BR | $2,749 | $2,895 | −$146 (-5.0%) |
| 2BR | $2,681 | $2,895 | −$214 (-7.4%) |
| 3BR | $3,497 | $3,897 | −$401 (-10.3%) |
| 3BR | $3,495 | $3,897 | −$402 (-10.3%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.