Monthly Rent Report
Koreatown Rent Report — May 2024
Asking rents in ZIP 90020, Los Angeles, from 1,223 listings.
Median 1BR rent in Koreatown was $1,995 in May 2024, down 4.8% (−$100) from April 2024 and down 0.3% year-over-year. The middle half of 1BR listings asked between $1,820 and $2,150. That puts Koreatown $100 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 1,223 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,531 | −$123 (-7.4%) | −$185 (-10.8%) | $1,300 – $1,607 | 8 |
| Studio | $1,550 | −$103 (-6.3%) | −$165 (-9.6%) | $1,450 – $1,807 | 380 |
| 1BR | $1,995 | −$100 (-4.8%) | −$5 (-0.3%) | $1,820 – $2,150 | 465 |
| 1BR | $1,885 | −$210 (-10.0%) | −$115 (-5.8%) | $1,822 – $1,954 | 12 |
| 2BR | $2,430 | −$211 (-8.0%) | −$320 (-11.6%) | $2,371 – $2,481 | 4 |
| 2BR | $2,695 | +$54 (+2.0%) | −$55 (-2.0%) | $2,520 – $2,750 | 312 |
| 3BR | $4,200 | +$800 (+23.5%) | +$600 (+16.7%) | $4,200 – $4,200 | 1 |
| 3BR | $3,495 | +$95 (+2.8%) | −$105 (-2.9%) | $3,200 – $3,700 | 29 |
| 4BR | $5,799 | $0 (0.0%) | — | $5,799 – $5,799 | 1 |
| 4BR | $5,799 | $0 (0.0%) | — | $5,799 – $5,799 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — May 2024
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,531 | $1,795 | −$264 (-14.7%) |
| Studio | $1,550 | $1,795 | −$245 (-13.6%) |
| 1BR | $1,995 | $2,095 | −$100 (-4.8%) |
| 1BR | $1,885 | $2,095 | −$210 (-10.0%) |
| 2BR | $2,430 | $2,850 | −$420 (-14.7%) |
| 2BR | $2,695 | $2,850 | −$155 (-5.4%) |
| 3BR | $4,200 | $3,969 | +$232 (+5.8%) |
| 3BR | $3,495 | $3,969 | −$473 (-11.9%) |
| 4BR | $5,799 | $5,175 | +$624 (+12.1%) |
| 4BR | $5,799 | $5,175 | +$624 (+12.1%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.