Average Rent in Wilshire Center - Koreatown, Los Angeles, CA

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Current Versus Historical Wilshire Center - Koreatown, Los Angeles, CA Rents

Wilshire Center - Koreatown rentals average $1,964 for a studio rental to $3,895 for a 4-bedroom rental. The median price of all currently available listings is $2,528, or roughly $3 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $193 (13.07%) year-over-year from $1,479 to $1,673. 1-bedroom rentals prices have increased by $413 (20.47%) year-over-year from $2,015 to $2,428. 2-bedroom rentals prices have increased by $705 (28.24%) year-over-year from $2,495 to $3,200. 3-bedroom rentals prices have decreased by $123 (-3.40%) year-over-year from $3,623 to $3,500. 4-bedroom rentals prices have decreased by $270 (-6.32%) year-over-year from $4,265 to $3,995. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 11.70% this month. 1-bedroom rents have gone up by 14.59% this month. 2-bedroom rents have gone up by 11.56% this month. 3-bedroom rents have gone down by 8.10% this month. 4-bedroom rents have gone down by 13.92% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.12	$1,673	$1,479 (13.07%)	$1,413 (18.34%)
1 BR	$3.62	$2,428	$2,015 (20.47%)	$1,883 (28.89%)
2 BR	$3.04	$3,200	$2,495 (28.24%)	$2,471 (29.51%)
3 BR	$2.75	$3,500	$3,623 (-3.40%)	$3,348 (4.53%)
4+ BR	$2.46	$3,995	$4,265 (-6.32%)	$3,767 (6.06%)

Historical Rents in Wilshire Center - Koreatown, Los Angeles, CA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Wilshire Center - Koreatown

There are a total of 28 cities nearby Wilshire Center - Koreatown. The average rent in Wilshire Center - Koreatown is currently $4,800 per month. Our records show that Long Beach, CA, with an average rent of $2,850, is the most affordable city nearby. In contrast, the most expensive city near Wilshire Center - Koreatown, Los Angeles, CA is Malibu, CA. Monthly rents here are on average $20,000 per month.

Let's compare Wilshire Center - Koreatown, Los Angeles, CA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Wilshire Center - Koreatown, Los Angeles, CA is 4.02% more expensive than other cities nearby. One bedrooms are about 7.84% more affordable. Two bedrooms in Wilshire Center - Koreatown, Los Angeles, CA are about 14.06% more affordable. Finally, rent for three bedrooms are about 36.99% more affordable. Want more information? Check out the top 10 cities out of 28 total cities near Wilshire Center - Koreatown, Los Angeles, CA in the following chart.

City	Studio	1 Bed	2 Bed	All
Inglewood, CA	$1,875	$2,125	$2,900	$2,875
Glendale, CA	$2,295	$2,392	$3,200	$3,395
Pasadena, CA	$2,400	$2,657	$3,500	$3,402
Burbank, CA	N/A	$2,424	$3,700	$3,925
Los Angeles, CA	$2,065	$2,666	$3,850	$4,500
Santa Monica, CA	$3,160	$3,399	$4,975	$4,850
West Hollywood, CA	$3,125	$3,550	$5,200	$5,000
Hermosa Beach, CA	N/A	$3,750	$5,895	$7,500
Manhattan Beach, CA	N/A	$3,800	$5,500	$9,350
Beverly Hills, CA	$2,450	$3,750	$6,300	$12,000

Top Neighborhoods Near Wilshire Center - Koreatown

There are a total of 34 neighborhoods in or near Wilshire Center - Koreatown. Some of these neighborhoods include Historic Cultural, Congress North, and Downtown Los Angeles. We've included the top 30 neighborhoods out of 34 total neighborhoods in or near Wilshire Center - Koreatown, Los Angeles, CA in the following chart.

The average rent for these 30 neighborhoods in or near Wilshire Center - Koreatown, Los Angeles, CA is currently around $5,126 per month. Meaning, only thirty neighborhoods have a higher average rent than $5,126. Interestingly, the neighborhoods' average rent is higher than Wilshire Center - Koreatown's average rent, which is only $2,528. Out of all the neighborhoods in or near Wilshire Center - Koreatown, Historic Cultural has the most affordable average rent at $2,760 per month. Whereas, at $19,950 average rent per month, Bel Air-Beverly Crest is the most expensive neighborhood in or near Wilshire Center - Koreatown. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Historic Cultural, Los Angeles, CA	$2,060	$2,402	$3,380	$2,760
Congress North, Los Angeles, CA	N/A	$1,900	$2,610	$2,995
Downtown Los Angeles, Los Angeles, CA	$2,103	$2,895	$4,280	$3,243
Van Nuys, Los Angeles, CA	$1,673	$1,842	$2,800	$3,350
Mid-Town North Hollywood, Los Angeles, CA	$1,985	$2,551	$3,438	$3,500
Mar Vista, Los Angeles, CA	$2,598	$2,535	$4,600	$3,995
Westchester-Playa Del Rey, Los Angeles, CA	$2,342	$2,727	$3,772	$4,050
Greater Wilshire, Los Angeles, CA	N/A	$2,675	$3,823	$4,085
PICO, Los Angeles, CA	N/A	$2,500	$3,500	$4,200
Central Hollywood, Los Angeles, CA	N/A	$3,588	$4,750	$4,323
West Los Angeles, Los Angeles, CA	$2,095	$3,123	$3,695	$4,400
Marina del Rey, Los Angeles, CA	$2,400	$3,050	$4,800	$4,496
South Redondo Beach, Redondo Beach, CA	N/A	$3,450	$4,500	$4,500
South Robertson, Los Angeles, CA	N/A	$2,598	$3,773	$4,500
Woodland Hills-Warner Center, Los Angeles, CA	N/A	$2,450	$3,289	$4,850
Westwood, Los Angeles, CA	$2,095	$3,900	$4,500	$5,401
Mid-City West, Los Angeles, CA	$2,623	$3,200	$4,357	$5,473
Sherman Oaks, Los Angeles, CA	$1,891	$2,438	$3,350	$5,900
Westside, Los Angeles, CA	$2,575	$9,900	$5,373	$5,998
Tarzana, Los Angeles, CA	N/A	$2,100	$3,250	$6,000
Brentwood, Los Angeles, CA	N/A	$3,273	$4,600	$7,350
Hollywood Hills West, Los Angeles, CA	$1,901	$2,923	$4,249	$7,495
Venice, Los Angeles, CA	$3,375	$4,275	$6,750	$7,850
Studio City, Los Angeles, CA	N/A	$2,900	$3,825	$8,200
North of Montana, Santa Monica, CA	$4,100	$4,700	$8,248	$8,750
Encino, Los Angeles, CA	N/A	$2,477	$3,500	$8,750
Hollywood United, Los Angeles, CA	N/A	$3,100	$6,500	$8,995
Sand Section, Manhattan Beach, CA	N/A	$4,075	$5,500	$10,000
Pacific Palisades, Los Angeles, CA	N/A	$2,900	$6,288	$16,250
Bel Air-Beverly Crest, Los Angeles, CA	$2,313	$3,623	$9,750	$19,950

Top Counties Near Wilshire Center - Koreatown

There are a total of 34 counties located by Wilshire Center - Koreatown, Los Angeles, CA. Some of these counties include Ventura, CA, Los Angeles, CA, and Orange, CA. The average rent for rentals in these counties is $4,300. That's roughly around $3 per sqft. The county that is the most affordable is Ventura, CA. It's average rent per month is $4,095. Vice versa, with an average rent of $5,000, Orange, CA is the most expensive county by Wilshire Center - Koreatown, Los Angeles, CA.

Typically, rent for studios in Wilshire Center - Koreatown, Los Angeles, CA is 22.20% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Wilshire Center - Koreatown, Los Angeles, CA is 6.34% more affordable than other counties nearby. Finally, rent for two bedrooms in Wilshire Center - Koreatown, Los Angeles, CA is 14.06% more affordable than other counties nearby. We've listed the top 3 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Ventura, CA	$2,750	$2,500	$3,100	$4,095
Los Angeles, CA	$2,085	$2,625	$3,650	$4,300
Orange, CA	$2,400	$2,725	$3,700	$5,000

Top Zipcodes Near Wilshire Center - Koreatown

There are a total of 7 zipcodes in or near Wilshire Center - Koreatown, Los Angeles, CA. The average rent for all of these zipcodes is $4,300.

The following chart includes the top 7 zipcodes in Wilshire Center - Koreatown, Los Angeles, CA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
90036, Los Angeles, CA	$2,650	$2,795	$4,116	$4,157
90034, Los Angeles, CA	$2,645	$2,600	$4,348	$4,300
91604, Los Angeles, CA	N/A	$2,900	$3,800	$8,250
90024, Los Angeles, CA	$2,490	$3,900	$4,395	$5,295
90045, Los Angeles, CA	$2,403	$2,654	$3,442	$3,432
90049, Los Angeles, CA	$1,899	$3,273	$4,790	$7,295
91367, Los Angeles, CA	N/A	$2,499	$3,289	$3,999

Frequently Asked Questions - Wilshire Center - Koreatown Average Rents

What is the average rent price in Wilshire Center - Koreatown, Los Angeles, CA?

The average monthly rental price for Wilshire Center - Koreatown, Los Angeles, CA apartments for rent is approximately $2,528. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Wilshire Center - Koreatown, Los Angeles, CA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Wilshire Center - Koreatown, Los Angeles, CA.

How much is a studio apartment in Wilshire Center - Koreatown, Los Angeles, CA?

The average monthly rental price for studio apartments is $1,964 and an average price per square feet of $4.12. There are a total of 35 studio apartment listings currently available for rent in Wilshire Center - Koreatown.

How much is a one bedroom apartment in Wilshire Center - Koreatown, Los Angeles, CA?

The average monthly rental price for one bedroom apartments is $2,468 and an average price per square feet of $3.62. There are a total of 71 one bedroom apartment listings currently available for rent in Wilshire Center - Koreatown.

How much is a two bedroom apartment in Wilshire Center - Koreatown, Los Angeles, CA?

The average monthly rental price for two bedroom apartments is $3,200 and an average price per square feet of $3.04. There are a total of 44 two bedroom apartment listings currently available for rent in Wilshire Center - Koreatown.

How have rent prices in Wilshire Center - Koreatown, Los Angeles, CA changed this year?

Rent prices for rentals in Wilshire Center - Koreatown, Los Angeles, CA can fluctuate yearly. Specifically, studio rental prices have changed by 0.13%, one bedroom rental prices have changed by 0.20%, two bedroom rental prices have changed by 0.28%, and three bedroom rental prices have changed by -0.03% year-over-year.

What is a reasonable rent price in Wilshire Center - Koreatown, Los Angeles, CA?

A reasonable rent price in Wilshire Center - Koreatown, Los Angeles, CA is around $2,022/month. You can search for these reasonably priced rental listings on RentHop.