Monthly Rent Report
Palms Rent Report — June 2023
Asking rents in ZIP 90034, Los Angeles, from 316 listings.
Median 1BR rent in Palms was $2,625 in June 2023, up 14.4% (+$330) from May 2023 and up 9.4% year-over-year. The middle half of 1BR listings asked between $2,313 and $2,938. That puts Palms $525 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 316 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,099 | +$674 (+47.3%) | +$404 (+23.8%) | $2,099 – $2,099 | 1 |
| Studio | $2,011 | +$586 (+41.1%) | +$316 (+18.6%) | $1,795 – $2,251 | 42 |
| 1BR | $2,625 | +$330 (+14.4%) | +$225 (+9.4%) | $2,313 – $2,938 | 2 |
| 1BR | $2,482 | +$187 (+8.1%) | +$82 (+3.4%) | $2,145 – $3,201 | 124 |
| 2BR | $3,299 | +$1,004 (+43.7%) | +$952 (+40.5%) | $2,725 – $3,734 | 93 |
| 2BR | $4,925 | +$2,630 (+114.6%) | +$2,578 (+109.8%) | $4,913 – $4,938 | 2 |
| 3BR | $3,995 | +$221 (+5.8%) | −$1,705 (-29.9%) | $3,995 – $3,995 | 1 |
| 3BR | $4,295 | +$521 (+13.8%) | −$1,405 (-24.6%) | $3,750 – $5,234 | 38 |
| 4BR | $6,500 | −$1,022 (-13.6%) | +$1,300 (+25.0%) | $4,674 – $7,449 | 8 |
| 4BR | $7,200 | −$322 (-4.3%) | +$2,000 (+38.5%) | $7,200 – $7,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — June 2023
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,099 | $1,758 | +$341 (+19.4%) |
| Studio | $2,011 | $1,758 | +$253 (+14.4%) |
| 1BR | $2,625 | $2,100 | +$525 (+25.0%) |
| 1BR | $2,482 | $2,100 | +$382 (+18.2%) |
| 2BR | $3,299 | $2,900 | +$399 (+13.8%) |
| 2BR | $4,925 | $2,900 | +$2,025 (+69.8%) |
| 3BR | $3,995 | $3,850 | +$145 (+3.8%) |
| 3BR | $4,295 | $3,850 | +$445 (+11.6%) |
| 4BR | $6,500 | $5,100 | +$1,400 (+27.5%) |
| 4BR | $7,200 | $5,100 | +$2,100 (+41.2%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in June 2023.