Monthly Rent Report
Palms Rent Report — February 2023
Asking rents in ZIP 90034, Los Angeles, from 727 listings.
Median 1BR rent in Palms was $2,576 in February 2023, down 15.3% (−$464) from January 2023 and up 17.4% year-over-year. The middle half of 1BR listings asked between $2,295 and $3,336. That puts Palms $451 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 727 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | −$747 (-31.2%) | +$150 (+10.0%) | $1,650 – $1,650 | 1 |
| Studio | $2,004 | −$393 (-16.4%) | +$504 (+33.6%) | $1,845 – $2,531 | 112 |
| 1BR | $2,576 | −$464 (-15.3%) | +$381 (+17.4%) | $2,295 – $3,336 | 283 |
| 1BR | $2,600 | −$440 (-14.5%) | +$405 (+18.5%) | $2,025 – $2,613 | 15 |
| 2BR | $2,995 | −$102 (-3.3%) | −$1,605 (-34.9%) | $2,678 – $3,593 | 227 |
| 2BR | $3,523 | +$425 (+13.7%) | −$1,077 (-23.4%) | $3,170 – $4,138 | 8 |
| 3BR | $3,575 | +$400 (+12.6%) | −$1,420 (-28.4%) | $3,575 – $3,575 | 1 |
| 3BR | $4,098 | +$923 (+29.1%) | −$897 (-18.0%) | $3,521 – $5,250 | 66 |
| 4BR | $4,750 | −$7,247 (-60.4%) | −$3,200 (-40.3%) | $4,750 – $4,750 | 3 |
| 4BR | $4,750 | −$7,247 (-60.4%) | −$3,200 (-40.3%) | $4,750 – $4,750 | 3 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — February 2023
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,795 | −$145 (-8.1%) |
| Studio | $2,004 | $1,795 | +$209 (+11.6%) |
| 1BR | $2,576 | $2,125 | +$451 (+21.2%) |
| 1BR | $2,600 | $2,125 | +$475 (+22.4%) |
| 2BR | $2,995 | $2,773 | +$222 (+8.0%) |
| 2BR | $3,523 | $2,773 | +$750 (+27.0%) |
| 3BR | $3,575 | $3,850 | −$275 (-7.1%) |
| 3BR | $4,098 | $3,850 | +$248 (+6.4%) |
| 4BR | $4,750 | $4,695 | +$55 (+1.2%) |
| 4BR | $4,750 | $4,695 | +$55 (+1.2%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in February 2023.