Monthly Rent Report
Koreatown Rent Report — March 2024
Asking rents in ZIP 90020, Los Angeles, from 894 listings.
Median 1BR rent in Koreatown was $1,980 in March 2024, up 10.7% (+$191) from February 2024 and up 3.7% year-over-year. The middle half of 1BR listings asked between $1,850 and $2,095. That puts Koreatown $165 below the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 894 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,550 | −$176 (-10.2%) | −$75 (-4.6%) | $1,475 – $1,875 | 259 |
| Studio | $1,686 | −$40 (-2.3%) | +$61 (+3.8%) | $1,686 – $1,686 | 1 |
| 1BR | $1,980 | +$191 (+10.7%) | +$70 (+3.7%) | $1,850 – $2,095 | 9 |
| 1BR | $1,999 | +$210 (+11.7%) | +$89 (+4.7%) | $1,864 – $2,150 | 343 |
| 2BR | $2,474 | $0 (0.0%) | −$146 (-5.6%) | $2,474 – $2,474 | 1 |
| 2BR | $2,588 | +$114 (+4.6%) | −$32 (-1.2%) | $2,450 – $2,750 | 249 |
| 3BR | $3,575 | +$675 (+23.3%) | −$124 (-3.4%) | $3,134 – $3,600 | 6 |
| 3BR | $3,495 | +$595 (+20.5%) | −$204 (-5.5%) | $2,995 – $4,195 | 17 |
| 4BR | $6,500 | +$800 (+14.0%) | −$9,000 (-58.1%) | $6,500 – $6,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — March 2024
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,550 | $1,723 | −$172 (-10.0%) |
| Studio | $1,686 | $1,723 | −$36 (-2.1%) |
| 1BR | $1,980 | $2,145 | −$165 (-7.7%) |
| 1BR | $1,999 | $2,145 | −$146 (-6.8%) |
| 2BR | $2,474 | $2,850 | −$376 (-13.2%) |
| 2BR | $2,588 | $2,850 | −$262 (-9.2%) |
| 3BR | $3,575 | $3,762 | −$187 (-5.0%) |
| 3BR | $3,495 | $3,762 | −$267 (-7.1%) |
| 4BR | $6,500 | $4,950 | +$1,550 (+31.3%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.