Monthly Rent Report
Palms Rent Report — December 2023
Asking rents in ZIP 90034, Los Angeles, from 96 listings.
Median 1BR rent in Palms was $1,595 in December 2023, down 31.3% (−$727) from November 2023 and down 36.1% year-over-year. The middle half of 1BR listings asked between $1,595 and $1,595. That puts Palms $534 below the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 96 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,835 | −$1,451 (-44.2%) | −$165 (-8.3%) | $1,543 – $1,884 | 6 |
| Studio | $1,635 | −$1,651 (-50.3%) | −$365 (-18.3%) | $1,590 – $1,680 | 2 |
| 1BR | $1,595 | −$727 (-31.3%) | −$900 (-36.1%) | $1,595 – $1,595 | 3 |
| 1BR | $2,600 | +$278 (+11.9%) | +$105 (+4.2%) | $2,600 – $2,600 | 2 |
| 2BR | $2,885 | +$210 (+7.9%) | −$110 (-3.7%) | $2,680 – $3,090 | 2 |
| 2BR | $3,050 | +$375 (+14.0%) | +$55 (+1.8%) | $2,800 – $3,625 | 20 |
| 3BR | $4,290 | +$990 (+30.0%) | +$295 (+7.4%) | $4,290 – $4,290 | 1 |
| 3BR | $4,300 | +$1,000 (+30.3%) | +$305 (+7.6%) | $4,300 – $4,300 | 1 |
| 4BR | $7,500 | +$1,950 (+35.1%) | +$1,505 (+25.1%) | $5,775 – $8,785 | 14 |
| 4BR | $7,500 | +$1,950 (+35.1%) | +$1,505 (+25.1%) | $5,550 – $8,148 | 31 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — December 2023
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,835 | $1,750 | +$85 (+4.9%) |
| Studio | $1,635 | $1,750 | −$115 (-6.6%) |
| 1BR | $1,595 | $2,129 | −$534 (-25.1%) |
| 1BR | $2,600 | $2,129 | +$471 (+22.1%) |
| 2BR | $2,885 | $2,795 | +$90 (+3.2%) |
| 2BR | $3,050 | $2,795 | +$255 (+9.1%) |
| 3BR | $4,290 | $3,923 | +$368 (+9.4%) |
| 3BR | $4,300 | $3,923 | +$378 (+9.6%) |
| 4BR | $7,500 | $4,750 | +$2,750 (+57.9%) |
| 4BR | $7,500 | $4,750 | +$2,750 (+57.9%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.