Monthly Rent Report
Koreatown Rent Report — August 2024
Asking rents in ZIP 90020, Los Angeles, from 18 listings.
Median 1BR rent in Koreatown was $1,845 in August 2024, up 0.4% (+$8) from July 2024 and down 23.1% year-over-year. The middle half of 1BR listings asked between $1,840 and $1,919. That puts Koreatown $250 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 18 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,659 | +$63 (+3.9%) | +$164 (+11.0%) | $1,652 – $1,675 | 3 |
| 1BR | $1,845 | +$8 (+0.4%) | −$555 (-23.1%) | $1,840 – $1,919 | 5 |
| 2BR | $2,729 | +$191 (+7.5%) | +$48 (+1.8%) | $2,729 – $2,729 | 1 |
| 3BR | $3,600 | −$25 (-0.7%) | +$105 (+3.0%) | $3,548 – $3,648 | 3 |
| 4BR | $8,500 | +$3,101 (+57.4%) | — | $8,500 – $8,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Koreatown vs. Los Angeles — August 2024
| Bedrooms | Koreatown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,659 | $1,750 | −$91 (-5.2%) |
| 1BR | $1,845 | $2,095 | −$250 (-11.9%) |
| 2BR | $2,729 | $2,795 | −$66 (-2.4%) |
| 3BR | $3,600 | $4,000 | −$400 (-10.0%) |
| 4BR | $8,500 | $4,895 | +$3,605 (+73.6%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.