Monthly Rent Report
Koreatown Rent Report — July 2024
Asking rents in ZIP 90020, Los Angeles, from 616 listings.
Median 1BR rent in Koreatown was $1,838 in July 2024, down 53.5% (−$2,112) from June 2024 and down 5.5% year-over-year. The middle half of 1BR listings asked between $1,830 and $1,869. That puts Koreatown $258 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 616 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,550 | −$36 (-2.3%) | −$162 (-9.5%) | $1,450 – $1,875 | 199 |
| Studio | $1,596 | +$10 (+0.6%) | −$116 (-6.8%) | $1,594 – $1,599 | 2 |
| 1BR | $1,838 | −$2,112 (-53.5%) | −$107 (-5.5%) | $1,830 – $1,869 | 10 |
| 1BR | $2,114 | −$1,836 (-46.5%) | +$169 (+8.7%) | $1,905 – $2,150 | 211 |
| 2BR | $2,200 | −$295 (-11.8%) | −$550 (-20.0%) | $2,200 – $2,200 | 1 |
| 2BR | $2,538 | +$43 (+1.7%) | −$212 (-7.7%) | $2,460 – $2,750 | 175 |
| 3BR | $3,975 | +$405 (+11.3%) | +$480 (+13.7%) | $3,649 – $5,599 | 8 |
| 3BR | $3,625 | +$55 (+1.5%) | +$130 (+3.7%) | $3,550 – $3,700 | 6 |
| 4BR | $5,399 | −$301 (-5.3%) | — | $5,399 – $5,399 | 1 |
| 4BR | $8,500 | +$2,800 (+49.1%) | — | $8,500 – $8,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — July 2024
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,550 | $1,778 | −$228 (-12.8%) |
| Studio | $1,596 | $1,778 | −$182 (-10.2%) |
| 1BR | $1,838 | $2,095 | −$257 (-12.3%) |
| 1BR | $2,114 | $2,095 | +$19 (+0.9%) |
| 2BR | $2,200 | $2,835 | −$635 (-22.4%) |
| 2BR | $2,538 | $2,835 | −$297 (-10.5%) |
| 3BR | $3,975 | $3,900 | +$75 (+1.9%) |
| 3BR | $3,625 | $3,900 | −$275 (-7.1%) |
| 4BR | $5,399 | $5,270 | +$129 (+2.4%) |
| 4BR | $8,500 | $5,270 | +$3,230 (+61.3%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in July 2024.