NEXEN
2968 W 7th St,
Los Angeles, CA 90005
$2,075 - $3,535
Studio - 2 Beds
Koreatown is a vibrant LA neighborhood fille with hidden gems, bars, eateries, and a collision of cultures. As the name suggests, the atmosphere in Koreatown is heavily influenced by Korean culture. The neighborhood is a favorite destination among foodies city-wide for its endless selection of authentic Korean restaurants, but the community has a much more diverse character than that: the broad range of cultural influences is exemplified in landmarks like the synagogue and contemporary art gallery of the Wilshire Boulevard Temple, the Latin fusion cuisine of Roy Choi’s restaurants, and the popular German/Korean/Hawaiian tinged gastropub, Biergarten.
Although the area is a hot spot for LA residents’ day trips, Koreatown is known as one of the best places to live in LA. Most locals rent their homes and enjoy parks, coffee shops, and stores within walking distance of their apartments. As one of the most popular sections of LA during Hollywood’s golden age, many historic buildings, bars, and restaurants have been preserved or restored to transport patrons to another time—in fact, the interiors of several local eateries were used as locations for the 1960s-set TV series, “Mad Men.”
As of December 2025, the average apartment rent in Koreatown is $1,994 for a studio, $2,256 for one bedroom, $2,753 for two bedrooms, and $3,737 for three bedrooms. Apartment rent in Koreatown has decreased by -2.8% in the past year.
Studio
624 sq ft
Average Sq Ft
$1,994/month
Average Rent
1 BR
610 sq ft
Average Sq Ft
$2,256/month
Average Rent
2 BR
903 sq ft
Average Sq Ft
$2,753/month
Average Rent
3 BR
1,070 sq ft
Average Sq Ft
$3,737/month
Average Rent
3,446
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.