Monthly Rent Report
Palms Rent Report — March 2023
Asking rents in ZIP 90034, Los Angeles, from 1,233 listings.
Median 1BR rent in Palms was $2,495 in March 2023, down 4.0% (−$105) from February 2023 and up 16.0% year-over-year. The middle half of 1BR listings asked between $2,195 and $3,211. That puts Palms $398 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 1,233 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,423 | +$419 (+20.9%) | +$873 (+56.3%) | $2,259 – $2,586 | 2 |
| Studio | $2,000 | −$4 (-0.2%) | +$451 (+29.1%) | $1,795 – $2,493 | 203 |
| 1BR | $2,495 | −$105 (-4.0%) | +$345 (+16.0%) | $2,195 – $3,211 | 500 |
| 1BR | $2,850 | +$250 (+9.6%) | +$700 (+32.6%) | $2,575 – $3,318 | 19 |
| 2BR | $2,750 | −$245 (-8.2%) | +$125 (+4.8%) | $2,750 – $2,750 | 1 |
| 2BR | $2,898 | −$97 (-3.2%) | +$273 (+10.4%) | $2,600 – $3,500 | 336 |
| 3BR | $3,700 | −$397 (-9.7%) | −$1,800 (-32.7%) | $3,700 – $3,700 | 1 |
| 3BR | $3,795 | −$302 (-7.4%) | −$1,705 (-31.0%) | $3,395 – $4,928 | 155 |
| 4BR | $2,695 | −$2,055 (-43.3%) | −$2,300 (-46.0%) | $2,695 – $2,695 | 1 |
| 4BR | $4,495 | −$255 (-5.4%) | −$500 (-10.0%) | $4,495 – $13,999 | 5 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — March 2023
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,423 | $1,745 | +$678 (+38.8%) |
| Studio | $2,000 | $1,745 | +$255 (+14.6%) |
| 1BR | $2,495 | $2,097 | +$398 (+19.0%) |
| 1BR | $2,850 | $2,097 | +$753 (+35.9%) |
| 2BR | $2,750 | $2,750 | $0 (0.0%) |
| 2BR | $2,898 | $2,750 | +$148 (+5.4%) |
| 3BR | $3,700 | $3,923 | −$222 (-5.7%) |
| 3BR | $3,795 | $3,923 | −$127 (-3.3%) |
| 4BR | $2,695 | $4,760 | −$2,065 (-43.4%) |
| 4BR | $4,495 | $4,760 | −$265 (-5.6%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.