Monthly Rent Report
Palms Rent Report — September 2023
Asking rents in ZIP 90034, Los Angeles, from 77 listings.
Median 1BR rent in Palms was $2,598 in September 2023, down 35.1% (−$1,402) from August 2023 and up 6.0% year-over-year. The middle half of 1BR listings asked between $2,124 and $2,700. That puts Palms $598 above the Los Angeles citywide 1BR median of $2,000. The month's figures are based on 77 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,450 | −$200 (-12.1%) | −$345 (-19.2%) | $1,450 – $1,450 | 1 |
| Studio | $1,295 | −$355 (-21.5%) | −$500 (-27.9%) | $1,295 – $1,295 | 1 |
| 1BR | $2,598 | −$1,402 (-35.1%) | +$148 (+6.0%) | $2,124 – $2,700 | 6 |
| 1BR | $2,312 | −$1,688 (-42.2%) | −$138 (-5.6%) | $2,195 – $2,665 | 44 |
| 2BR | $2,795 | −$705 (-20.1%) | +$270 (+10.7%) | $2,795 – $2,795 | 1 |
| 2BR | $2,898 | −$602 (-17.2%) | +$373 (+14.8%) | $2,795 – $2,975 | 4 |
| 3BR | $9,495 | +$1,295 (+15.8%) | +$5,200 (+121.1%) | $9,495 – $9,495 | 8 |
| 3BR | $3,300 | −$4,900 (-59.8%) | −$995 (-23.2%) | $3,300 – $3,300 | 1 |
| 4BR | $4,795 | −$2,955 (-38.1%) | −$4,705 (-49.5%) | $4,795 – $7,665 | 5 |
| 4BR | $5,950 | −$1,800 (-23.2%) | −$3,550 (-37.4%) | $5,950 – $5,950 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — September 2023
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,450 | $1,795 | −$345 (-19.2%) |
| Studio | $1,295 | $1,795 | −$500 (-27.9%) |
| 1BR | $2,598 | $2,000 | +$598 (+29.9%) |
| 1BR | $2,312 | $2,000 | +$312 (+15.6%) |
| 2BR | $2,795 | $2,750 | +$45 (+1.6%) |
| 2BR | $2,898 | $2,750 | +$148 (+5.4%) |
| 3BR | $9,495 | $3,948 | +$5,548 (+140.5%) |
| 3BR | $3,300 | $3,948 | −$647 (-16.4%) |
| 4BR | $4,795 | $5,000 | −$205 (-4.1%) |
| 4BR | $5,950 | $5,000 | +$950 (+19.0%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in September 2023.