Monthly Rent Report
Koreatown Rent Report — October 2023
Asking rents in ZIP 90020, Los Angeles, from 86 listings.
Median 1BR rent in Koreatown was $1,775 in October 2023, down 9.4% (−$185) from September 2023 and down 13.9% year-over-year. The middle half of 1BR listings asked between $1,775 and $1,775. That puts Koreatown $223 below the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 86 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,495 | −$165 (-9.9%) | +$45 (+3.1%) | $1,473 – $1,495 | 3 |
| Studio | $1,700 | +$40 (+2.4%) | +$250 (+17.2%) | $1,700 – $1,700 | 3 |
| 1BR | $1,775 | −$185 (-9.4%) | −$287 (-13.9%) | $1,775 – $1,775 | 1 |
| 1BR | $2,035 | +$75 (+3.8%) | −$27 (-1.3%) | $2,025 – $2,100 | 5 |
| 2BR | $2,705 | −$45 (-1.6%) | −$295 (-9.8%) | $2,560 – $2,850 | 2 |
| 2BR | $2,750 | $0 (0.0%) | −$250 (-8.3%) | $2,600 – $2,900 | 33 |
| 3BR | $3,800 | +$705 (+22.8%) | +$505 (+15.3%) | $3,395 – $4,025 | 30 |
| 3BR | $3,345 | +$250 (+8.1%) | +$50 (+1.5%) | $3,261 – $3,470 | 6 |
| 4BR | $9,995 | — | +$5,000 (+100.1%) | $9,995 – $9,995 | 3 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — October 2023
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,495 | $1,700 | −$205 (-12.1%) |
| Studio | $1,700 | $1,700 | $0 (0.0%) |
| 1BR | $1,775 | $1,998 | −$222 (-11.1%) |
| 1BR | $2,035 | $1,998 | +$38 (+1.9%) |
| 2BR | $2,705 | $2,750 | −$45 (-1.6%) |
| 2BR | $2,750 | $2,750 | $0 (0.0%) |
| 3BR | $3,800 | $4,195 | −$395 (-9.4%) |
| 3BR | $3,345 | $4,195 | −$850 (-20.3%) |
| 4BR | $9,995 | $5,275 | +$4,720 (+89.5%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.