Monthly Rent Report
Palms Rent Report — October 2023
Asking rents in ZIP 90034, Los Angeles, from 155 listings.
Median 1BR rent in Palms was $2,550 in October 2023, down 1.8% (−$47) from September 2023 and up 4.2% year-over-year. The middle half of 1BR listings asked between $2,273 and $3,400. That puts Palms $553 above the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 155 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,600 | +$150 (+10.3%) | +$150 (+10.3%) | $1,500 – $1,638 | 3 |
| Studio | $1,625 | +$175 (+12.1%) | +$175 (+12.1%) | $1,569 – $1,750 | 28 |
| 1BR | $2,550 | −$47 (-1.8%) | +$103 (+4.2%) | $2,273 – $3,400 | 3 |
| 1BR | $2,132 | −$465 (-17.9%) | −$315 (-12.9%) | $2,132 – $2,132 | 1 |
| 2BR | $2,595 | −$200 (-7.2%) | −$402 (-13.4%) | $2,595 – $2,595 | 1 |
| 2BR | $2,920 | +$125 (+4.5%) | −$77 (-2.6%) | $2,695 – $3,199 | 109 |
| 3BR | $4,999 | +$1,699 (+51.5%) | +$502 (+11.2%) | $4,999 – $4,999 | 1 |
| 3BR | $3,495 | +$195 (+5.9%) | −$1,002 (-22.3%) | $3,495 – $3,495 | 1 |
| 4BR | $8,495 | +$2,545 (+42.8%) | −$5 (-0.1%) | $6,450 – $9,500 | 5 |
| 4BR | $9,400 | +$3,450 (+58.0%) | +$900 (+10.6%) | $9,400 – $9,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — October 2023
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,600 | $1,700 | −$100 (-5.9%) |
| Studio | $1,625 | $1,700 | −$75 (-4.4%) |
| 1BR | $2,550 | $1,998 | +$553 (+27.7%) |
| 1BR | $2,132 | $1,998 | +$135 (+6.7%) |
| 2BR | $2,595 | $2,750 | −$155 (-5.6%) |
| 2BR | $2,920 | $2,750 | +$170 (+6.2%) |
| 3BR | $4,999 | $4,195 | +$804 (+19.2%) |
| 3BR | $3,495 | $4,195 | −$700 (-16.7%) |
| 4BR | $8,495 | $5,275 | +$3,220 (+61.0%) |
| 4BR | $9,400 | $5,275 | +$4,125 (+78.2%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.