Monthly Rent Report
Koreatown Rent Report — September 2023
Asking rents in ZIP 90020, Los Angeles, from 92 listings.
Median 1BR rent in Koreatown was $1,960 in September 2023, down 18.3% (−$440) from August 2023 and down 3.2% year-over-year. The middle half of 1BR listings asked between $1,933 and $1,984. That puts Koreatown $40 below the Los Angeles citywide 1BR median of $2,000. The month's figures are based on 92 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,795 | +$300 (+20.1%) | +$500 (+38.6%) | $1,795 – $1,795 | 1 |
| Studio | $1,660 | +$165 (+11.0%) | +$365 (+28.2%) | $1,497 – $1,743 | 23 |
| 1BR | $1,960 | −$440 (-18.3%) | −$65 (-3.2%) | $1,933 – $1,984 | 11 |
| 1BR | $1,923 | −$477 (-19.9%) | −$102 (-5.1%) | $1,850 – $2,140 | 30 |
| 2BR | $2,500 | −$181 (-6.8%) | −$1,000 (-28.6%) | $2,500 – $2,500 | 2 |
| 2BR | $2,750 | +$69 (+2.6%) | −$750 (-21.4%) | $2,461 – $2,800 | 18 |
| 3BR | $3,750 | +$254 (+7.3%) | +$455 (+13.8%) | $3,700 – $3,800 | 6 |
| 3BR | $3,095 | −$401 (-11.5%) | −$200 (-6.1%) | $3,095 – $3,095 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — September 2023
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,795 | $1,795 | $0 (0.0%) |
| Studio | $1,660 | $1,795 | −$135 (-7.5%) |
| 1BR | $1,960 | $2,000 | −$40 (-2.0%) |
| 1BR | $1,923 | $2,000 | −$77 (-3.9%) |
| 2BR | $2,500 | $2,750 | −$250 (-9.1%) |
| 2BR | $2,750 | $2,750 | $0 (0.0%) |
| 3BR | $3,750 | $3,948 | −$197 (-5.0%) |
| 3BR | $3,095 | $3,948 | −$852 (-21.6%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in September 2023.