Monthly Rent Report
Palms Rent Report — July 2023
Asking rents in ZIP 90034, Los Angeles, from 194 listings.
Median 1BR rent in Palms was $2,504 in July 2023, up 0.9% (+$22) from June 2023 and down 5.5% year-over-year. The middle half of 1BR listings asked between $2,138 and $3,000. That puts Palms $379 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 194 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,121 | +$22 (+1.0%) | +$71 (+3.5%) | $1,896 – $2,386 | 22 |
| Studio | $1,598 | −$501 (-23.9%) | −$452 (-22.1%) | $1,571 – $1,624 | 2 |
| 1BR | $2,504 | +$22 (+0.9%) | −$146 (-5.5%) | $2,138 – $3,000 | 84 |
| 1BR | $2,598 | +$116 (+4.7%) | −$52 (-2.0%) | $2,299 – $2,896 | 2 |
| 2BR | $3,097 | −$1,828 (-37.1%) | −$398 (-11.4%) | $2,831 – $3,681 | 58 |
| 2BR | $2,645 | −$2,280 (-46.3%) | −$850 (-24.3%) | $2,645 – $2,645 | 1 |
| 3BR | $4,695 | +$400 (+9.3%) | −$505 (-9.7%) | $4,695 – $4,695 | 1 |
| 3BR | $4,095 | −$200 (-4.7%) | −$1,105 (-21.3%) | $3,595 – $5,070 | 14 |
| 4BR | $4,995 | −$1,505 (-23.2%) | −$4,505 (-47.4%) | $4,995 – $4,995 | 1 |
| 4BR | $4,500 | −$2,000 (-30.8%) | −$5,000 (-52.6%) | $4,500 – $6,500 | 5 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — July 2023
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,121 | $1,800 | +$321 (+17.8%) |
| Studio | $1,598 | $1,800 | −$202 (-11.3%) |
| 1BR | $2,504 | $2,125 | +$379 (+17.8%) |
| 1BR | $2,598 | $2,125 | +$473 (+22.2%) |
| 2BR | $3,097 | $2,873 | +$224 (+7.8%) |
| 2BR | $2,645 | $2,873 | −$228 (-7.9%) |
| 3BR | $4,695 | $3,836 | +$859 (+22.4%) |
| 3BR | $4,095 | $3,836 | +$259 (+6.8%) |
| 4BR | $4,995 | $4,572 | +$423 (+9.3%) |
| 4BR | $4,500 | $4,572 | −$72 (-1.6%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.