Monthly Rent Report
Palms Rent Report — May 2023
Asking rents in ZIP 90034, Los Angeles, from 656 listings.
Median 1BR rent in Palms was $2,295 in May 2023, up 4.4% (+$96) from April 2023 and up 9.5% year-over-year. The middle half of 1BR listings asked between $2,295 and $2,295. That puts Palms $173 above the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 656 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,425 | −$570 (-28.6%) | −$70 (-4.7%) | $1,388 – $1,463 | 2 |
| Studio | $1,950 | −$45 (-2.3%) | +$455 (+30.4%) | $1,795 – $2,405 | 104 |
| 1BR | $2,295 | +$96 (+4.4%) | +$200 (+9.5%) | $2,295 – $2,295 | 1 |
| 1BR | $2,425 | +$226 (+10.3%) | +$330 (+15.8%) | $2,097 – $3,197 | 299 |
| 2BR | $3,200 | +$201 (+6.7%) | +$550 (+20.8%) | $2,799 – $3,761 | 152 |
| 2BR | $2,295 | −$704 (-23.5%) | −$355 (-13.4%) | $2,295 – $2,295 | 1 |
| 3BR | $3,025 | −$622 (-17.1%) | −$3,475 (-53.5%) | $3,025 – $3,025 | 1 |
| 3BR | $3,775 | +$127 (+3.5%) | −$2,725 (-41.9%) | $3,290 – $4,938 | 78 |
| 4BR | $7,523 | +$1,928 (+34.5%) | −$2,277 (-23.2%) | $6,561 – $8,500 | 8 |
| 4BR | $7,523 | +$1,928 (+34.5%) | −$2,277 (-23.2%) | $6,561 – $8,500 | 8 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — May 2023
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,425 | $1,750 | −$325 (-18.6%) |
| Studio | $1,950 | $1,750 | +$200 (+11.4%) |
| 1BR | $2,295 | $2,122 | +$173 (+8.2%) |
| 1BR | $2,425 | $2,122 | +$303 (+14.3%) |
| 2BR | $3,200 | $2,780 | +$420 (+15.1%) |
| 2BR | $2,295 | $2,780 | −$485 (-17.4%) |
| 3BR | $3,025 | $3,943 | −$917 (-23.3%) |
| 3BR | $3,775 | $3,943 | −$168 (-4.3%) |
| 4BR | $7,523 | $5,000 | +$2,523 (+50.4%) |
| 4BR | $7,523 | $5,000 | +$2,523 (+50.4%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.