Monthly Rent Report
Palms Rent Report — April 2023
Asking rents in ZIP 90034, Los Angeles, from 1,078 listings.
Median 1BR rent in Palms was $2,199 in April 2023, down 11.9% (−$296) from March 2023 and down 12.9% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,199. That puts Palms $102 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 1,078 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,550 | −$872 (-36.0%) | −$45 (-2.8%) | $1,550 – $1,550 | 1 |
| Studio | $1,995 | −$427 (-17.6%) | +$400 (+25.1%) | $1,895 – $2,550 | 177 |
| 1BR | $2,199 | −$296 (-11.9%) | −$325 (-12.9%) | $2,000 – $2,199 | 5 |
| 1BR | $2,450 | −$45 (-1.8%) | −$74 (-3.0%) | $2,145 – $3,223 | 449 |
| 2BR | $2,999 | +$101 (+3.5%) | −$96 (-3.1%) | $2,695 – $3,675 | 308 |
| 2BR | $2,745 | −$153 (-5.3%) | −$350 (-11.3%) | $2,670 – $2,820 | 2 |
| 3BR | $3,648 | −$52 (-1.4%) | −$702 (-16.1%) | $3,331 – $4,974 | 114 |
| 3BR | $1,800 | −$1,900 (-51.4%) | −$2,550 (-58.6%) | $1,800 – $4,650 | 3 |
| 4BR | $5,595 | +$2,900 (+107.6%) | +$2,195 (+64.6%) | $4,245 – $6,945 | 2 |
| 4BR | $8,295 | +$5,600 (+207.8%) | +$4,895 (+144.0%) | $4,495 – $8,995 | 13 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — April 2023
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,550 | $1,775 | −$225 (-12.7%) |
| Studio | $1,995 | $1,775 | +$220 (+12.4%) |
| 1BR | $2,199 | $2,097 | +$102 (+4.9%) |
| 1BR | $2,450 | $2,097 | +$353 (+16.8%) |
| 2BR | $2,999 | $2,795 | +$204 (+7.3%) |
| 2BR | $2,745 | $2,795 | −$50 (-1.8%) |
| 3BR | $3,648 | $3,895 | −$247 (-6.4%) |
| 3BR | $1,800 | $3,895 | −$2,095 (-53.8%) |
| 4BR | $5,595 | $4,970 | +$625 (+12.6%) |
| 4BR | $8,295 | $4,970 | +$3,325 (+66.9%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in April 2023.