Monthly Rent Report
Palms Rent Report — November 2023
Asking rents in ZIP 90034, Los Angeles, from 220 listings.
Median 1BR rent in Palms was $2,323 in November 2023, up 8.9% (+$191) from October 2023 and down 1.0% year-over-year. The middle half of 1BR listings asked between $2,286 and $2,359. That puts Palms $198 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 220 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,287 | +$1,662 (+102.2%) | +$1,307 (+66.0%) | $3,055 – $3,392 | 4 |
| Studio | $1,825 | +$200 (+12.3%) | −$155 (-7.8%) | $1,606 – $2,298 | 166 |
| 1BR | $2,323 | +$191 (+8.9%) | −$22 (-1.0%) | $2,286 – $2,359 | 2 |
| 1BR | $2,148 | +$16 (+0.7%) | −$197 (-8.4%) | $2,121 – $2,174 | 2 |
| 2BR | $2,560 | −$360 (-12.3%) | −$1,090 (-29.9%) | $2,256 – $3,346 | 4 |
| 2BR | $2,675 | −$245 (-8.4%) | −$975 (-26.7%) | $2,675 – $2,675 | 1 |
| 3BR | $3,200 | −$295 (-8.4%) | −$150 (-4.5%) | $3,200 – $3,200 | 1 |
| 3BR | $3,300 | −$195 (-5.6%) | −$50 (-1.5%) | $3,300 – $4,600 | 5 |
| 4BR | $4,895 | −$3,600 (-42.4%) | −$7,104 (-59.2%) | $4,795 – $8,748 | 23 |
| 4BR | $5,550 | −$2,945 (-34.7%) | −$6,449 (-53.7%) | $5,550 – $5,550 | 1 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — November 2023
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,287 | $1,775 | +$1,512 (+85.2%) |
| Studio | $1,825 | $1,775 | +$50 (+2.8%) |
| 1BR | $2,323 | $2,125 | +$198 (+9.3%) |
| 1BR | $2,148 | $2,125 | +$23 (+1.1%) |
| 2BR | $2,560 | $2,795 | −$235 (-8.4%) |
| 2BR | $2,675 | $2,795 | −$120 (-4.3%) |
| 3BR | $3,200 | $3,950 | −$750 (-19.0%) |
| 3BR | $3,300 | $3,950 | −$650 (-16.5%) |
| 4BR | $4,895 | $4,994 | −$99 (-2.0%) |
| 4BR | $5,550 | $4,994 | +$556 (+11.1%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in November 2023.