Monthly Rent Report
Palms Rent Report — February 2024
Asking rents in ZIP 90034, Los Angeles, from 785 listings.
Median 1BR rent in Palms was $1,725 in February 2024, down 36.1% (−$975) from January 2024 and down 33.7% year-over-year. The middle half of 1BR listings asked between $1,725 and $1,725. That puts Palms $470 below the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 785 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,710 | −$135 (-7.3%) | +$60 (+3.6%) | $1,668 – $1,753 | 2 |
| Studio | $1,995 | +$150 (+8.1%) | +$345 (+20.9%) | $1,795 – $2,400 | 182 |
| 1BR | $1,725 | −$975 (-36.1%) | −$875 (-33.7%) | $1,725 – $1,725 | 2 |
| 1BR | $2,098 | −$602 (-22.3%) | −$502 (-19.3%) | $1,963 – $3,043 | 6 |
| 2BR | $3,095 | −$142 (-4.4%) | −$427 (-12.1%) | $3,095 – $3,095 | 1 |
| 2BR | $3,100 | −$137 (-4.2%) | −$422 (-12.0%) | $2,780 – $3,660 | 437 |
| 3BR | $3,295 | −$455 (-12.1%) | −$802 (-19.6%) | $3,295 – $3,295 | 1 |
| 3BR | $3,973 | +$223 (+5.9%) | −$125 (-3.1%) | $3,361 – $4,999 | 126 |
| 4BR | $4,990 | −$2,505 (-33.4%) | +$240 (+5.1%) | $4,990 – $4,990 | 1 |
| 4BR | $5,148 | −$2,347 (-31.3%) | +$398 (+8.4%) | $3,995 – $7,495 | 12 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — February 2024
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,710 | $1,750 | −$39 (-2.3%) |
| Studio | $1,995 | $1,750 | +$246 (+14.0%) |
| 1BR | $1,725 | $2,195 | −$470 (-21.4%) |
| 1BR | $2,098 | $2,195 | −$97 (-4.4%) |
| 2BR | $3,095 | $2,850 | +$245 (+8.6%) |
| 2BR | $3,100 | $2,850 | +$250 (+8.8%) |
| 3BR | $3,295 | $3,995 | −$700 (-17.5%) |
| 3BR | $3,973 | $3,995 | −$22 (-0.6%) |
| 4BR | $4,990 | $5,000 | −$10 (-0.2%) |
| 4BR | $5,148 | $5,000 | +$148 (+2.9%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.