Monthly Rent Report
Palms Rent Report — August 2023
Asking rents in ZIP 90034, Los Angeles, from 135 listings.
Median 1BR rent in Palms was $4,000 in August 2023, up 54.0% (+$1,403) from July 2023 and up 63.6% year-over-year. The middle half of 1BR listings asked between $3,550 and $4,000. That puts Palms $1,900 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 135 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | +$53 (+3.3%) | +$400 (+32.0%) | $1,650 – $1,650 | 1 |
| Studio | $2,173 | +$575 (+36.0%) | +$923 (+73.8%) | $2,033 – $2,689 | 26 |
| 1BR | $4,000 | +$1,403 (+54.0%) | +$1,555 (+63.6%) | $3,550 – $4,000 | 5 |
| 1BR | $2,590 | −$7 (-0.3%) | +$145 (+5.9%) | $2,295 – $3,125 | 79 |
| 2BR | $3,500 | +$855 (+32.3%) | +$305 (+9.5%) | $3,500 – $3,500 | 7 |
| 2BR | $2,595 | −$50 (-1.9%) | −$600 (-18.8%) | $2,535 – $4,273 | 3 |
| 3BR | $4,695 | +$600 (+14.7%) | +$1,200 (+34.3%) | $4,695 – $4,695 | 1 |
| 3BR | $8,200 | +$4,105 (+100.2%) | +$4,705 (+134.6%) | $7,800 – $8,200 | 5 |
| 4BR | $7,750 | +$3,250 (+72.2%) | +$803 (+11.6%) | $7,750 – $7,750 | 1 |
| 4BR | $7,748 | +$3,248 (+72.2%) | +$800 (+11.5%) | $7,624 – $7,871 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — August 2023
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,775 | −$125 (-7.0%) |
| Studio | $2,173 | $1,775 | +$398 (+22.4%) |
| 1BR | $4,000 | $2,100 | +$1,900 (+90.5%) |
| 1BR | $2,590 | $2,100 | +$490 (+23.3%) |
| 2BR | $3,500 | $2,895 | +$605 (+20.9%) |
| 2BR | $2,595 | $2,895 | −$300 (-10.4%) |
| 3BR | $4,695 | $3,897 | +$798 (+20.5%) |
| 3BR | $8,200 | $3,897 | +$4,303 (+110.4%) |
| 4BR | $7,750 | $5,163 | +$2,588 (+50.1%) |
| 4BR | $7,748 | $5,163 | +$2,585 (+50.1%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.