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

Home » CA » Los Angeles » Wilshire Center - Koreatown

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

Wilshire Center - Koreatown rentals average $1,867 for a studio rental to $4,445 for a 4-bedroom rental. The median price of all currently available listings is $2,487, or roughly $3 per square feet.

For the apartment units and housing in April 2024, median rents have risen over the last year. Studio rentals prices have increased by $59 (3.93%) year-over-year from $1,491 to $1,550. 1-bedroom rentals prices have increased by $124 (6.31%) year-over-year from $1,960 to $2,084. 2-bedroom rentals prices have decreased by $125 (-4.56%) year-over-year from $2,748 to $2,623. 3-bedroom rentals prices have increased by $174 (5.01%) year-over-year from $3,473 to $3,648. 4-bedroom rentals prices have increased by $269 (5.69%) year-over-year from $4,731 to $5,000. 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 5.92% this month. 1-bedroom rents have gone up by 1.59% this month. 2-bedroom rents have gone up by 3.35% this month. 3-bedroom rents have gone up by 6.32% this month. 4-bedroom rents have gone down by 2.91% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.98	$1,550	$1,491 (3.93%)	$1,390 (11.55%)
1 BR	$3.58	$2,084	$1,960 (6.31%)	$1,647 (26.56%)
2 BR	$2.85	$2,623	$2,748 (-4.56%)	$2,316 (13.27%)
3 BR	$2.44	$3,648	$3,473 (5.01%)	$2,973 (22.71%)
4+ BR	$2.35	$5,000	$4,731 (5.69%)	$3,916 (27.69%)

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 17 cities nearby Wilshire Center - Koreatown. The average rent in Wilshire Center - Koreatown is currently $4,350 per month. Our records show that Long Beach, CA, with an average rent of $2,600, 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 $27,250 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 11.04% more affordable than other cities nearby. One bedrooms are about 8.70% more affordable. Two bedrooms in Wilshire Center - Koreatown, Los Angeles, CA are about 37.25% more affordable. Finally, rent for three bedrooms are about 37.67% more affordable. Want more information? Check out the top 10 cities out of 17 total cities near Wilshire Center - Koreatown, Los Angeles, CA in the following chart.

City	Studio	1 Bed	2 Bed	All
Long Beach, CA	$2,148	$2,300	$2,775	$2,600
Costa Mesa, CA	$1,946	$2,531	$3,282	$2,746
Santa Clarita, CA	N/A	$2,390	$2,950	$2,900
Glendale, CA	$2,118	$2,248	$2,995	$3,026
Huntington Beach, CA	$2,085	$2,815	$3,370	$3,593
Los Angeles, CA	$1,957	$2,650	$3,950	$4,259
West Hollywood, CA	$3,025	$3,400	$5,725	$5,000
Santa Monica, CA	$2,475	$3,195	$5,300	$5,800
Beverly Hills, CA	$2,073	$3,400	$6,100	$11,000
Malibu, CA	$6,998	$5,873	$7,850	$27,250

Top Neighborhoods Near Wilshire Center - Koreatown

There are a total of 15 neighborhoods in or near Wilshire Center - Koreatown. Some of these neighborhoods include Historic Cultural, Irvine Business Complex, and Mid-Town North Hollywood. We've included all of these top 15 neighborhoods in or near Wilshire Center - Koreatown, Los Angeles, CA in the following chart.

The average rent for these 15 neighborhoods in or near Wilshire Center - Koreatown, Los Angeles, CA is currently around $4,500 per month. A total of one neighborhood has a lower average rent. Meaning, only fourteen neighborhoods have a higher average rent than $4,500. Interestingly, the neighborhoods' average rent is higher than Wilshire Center - Koreatown's average rent, which is only $2,487. Out of all the neighborhoods in or near Wilshire Center - Koreatown, Historic Cultural has the most affordable average rent at $2,390 per month. Whereas, at $20,000 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	$2,001	$2,244	$2,920	$2,390
Irvine Business Complex, Irvine, CA	$2,650	$2,722	$4,100	$3,000
Mid-Town North Hollywood, Los Angeles, CA	$2,200	$2,582	$3,050	$3,072
Downtown Los Angeles, Los Angeles, CA	$2,245	$2,875	$3,950	$3,200
Westchester-Playa Del Rey, Los Angeles, CA	$2,389	$3,000	$3,925	$3,584
Central Hollywood, Los Angeles, CA	$2,600	$2,715	$3,995	$3,594
Marina del Rey, Los Angeles, CA	$2,448	$2,931	$4,155	$3,676
Woodland Hills-Warner Center, Los Angeles, CA	N/A	$2,412	$3,250	$4,500
Venice, Los Angeles, CA	$2,026	$3,309	$4,770	$4,995
Westwood, Los Angeles, CA	$3,195	$3,998	$5,000	$5,248
Hollywood Hills West, Los Angeles, CA	$1,990	$2,418	$4,948	$6,600
Mid-City West, Los Angeles, CA	$1,599	$3,266	$5,775	$6,792
Sherman Oaks, Los Angeles, CA	$2,153	$1,995	$3,240	$8,925
Westside, Los Angeles, CA	$2,598	$9,500	$12,100	$9,425
Bel Air-Beverly Crest, Los Angeles, CA	N/A	$3,800	$6,250	$20,000

Top Counties Near Wilshire Center - Koreatown

There are a total of 15 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 $4,000. That's roughly around $3 per sqft. The county that is the most affordable is Ventura, CA. It's average rent per month is $3,495. Vice versa, with an average rent of $4,348, 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 6.88% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Wilshire Center - Koreatown, Los Angeles, CA is 2.73% more affordable than other counties nearby. Finally, rent for two bedrooms in Wilshire Center - Koreatown, Los Angeles, CA is 23.64% 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	$1,800	$2,113	$2,950	$3,495
Los Angeles, CA	$1,995	$2,505	$3,665	$4,000
Orange, CA	$2,010	$2,600	$3,468	$4,348

Top Zipcodes Near Wilshire Center - Koreatown

There are a total of 22 zipcodes in or near Wilshire Center - Koreatown, Los Angeles, CA. The average rent for all of these zipcodes is $4,894.

The following chart includes the top 10 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
90017, Los Angeles, CA	$2,143	$2,316	$3,890	$2,993
90028, Los Angeles, CA	$2,050	$2,425	$3,625	$2,928
90048, Los Angeles, CA	$1,975	$3,345	$5,599	$6,900
90068, Los Angeles, CA	N/A	$2,748	$5,295	$9,947
90046, Los Angeles, CA	$1,990	$2,424	$5,000	$6,850
90069, Los Angeles, CA	$3,299	$4,250	$7,990	$9,500
90210, Los Angeles, CA	N/A	$7,750	$17,250	$25,000
90024, Los Angeles, CA	$3,195	$4,000	$4,675	$5,288
90025, Los Angeles, CA	$2,450	$2,547	$3,895	$3,945
90292, Marina del Rey, CA	$2,054	$3,040	$4,184	$3,789

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 $2,487. 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 $1,867 and an average price per square feet of $3.98. There are a total of 24 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 $2,438 and an average price per square feet of $3.58. There are a total of 48 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 $2,805 and an average price per square feet of $2.85. There are a total of 23 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 0.04%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by -0.05%, and three bedroom rental prices have changed by 0.05% 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 $1,990/month. You can search for these reasonably priced rental listings on RentHop.