Monthly Rent Report
Palms Rent Report — March 2024
Asking rents in ZIP 90034, Los Angeles, from 1,068 listings.
Median 1BR rent in Palms was $2,650 in March 2024, up 26.3% (+$553) from February 2024 and up 6.2% year-over-year. The middle half of 1BR listings asked between $2,625 and $2,795. That puts Palms $505 above the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 1,068 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,998 | +$288 (+16.8%) | −$2 (-0.1%) | $1,709 – $2,390 | 146 |
| Studio | $1,675 | −$35 (-2.0%) | −$325 (-16.3%) | $1,366 – $1,940 | 8 |
| 1BR | $2,650 | +$553 (+26.3%) | +$155 (+6.2%) | $2,625 – $2,795 | 8 |
| 1BR | $2,447 | +$350 (+16.7%) | −$48 (-1.9%) | $2,150 – $2,795 | 412 |
| 2BR | $3,095 | −$5 (-0.2%) | +$345 (+12.5%) | $2,895 – $3,595 | 364 |
| 2BR | $2,680 | −$420 (-13.5%) | −$70 (-2.5%) | $2,638 – $2,680 | 3 |
| 3BR | $3,750 | +$455 (+13.8%) | +$50 (+1.4%) | $3,623 – $3,850 | 3 |
| 3BR | $4,100 | +$805 (+24.4%) | +$400 (+10.8%) | $3,499 – $6,950 | 82 |
| 4BR | $7,495 | +$2,348 (+45.6%) | +$4,800 (+178.1%) | $7,495 – $7,495 | 2 |
| 4BR | $5,729 | +$582 (+11.3%) | +$3,034 (+112.6%) | $3,995 – $6,050 | 13 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — March 2024
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,998 | $1,723 | +$275 (+16.0%) |
| Studio | $1,675 | $1,723 | −$47 (-2.8%) |
| 1BR | $2,650 | $2,145 | +$505 (+23.5%) |
| 1BR | $2,447 | $2,145 | +$302 (+14.1%) |
| 2BR | $3,095 | $2,850 | +$245 (+8.6%) |
| 2BR | $2,680 | $2,850 | −$170 (-6.0%) |
| 3BR | $3,750 | $3,762 | −$12 (-0.3%) |
| 3BR | $4,100 | $3,762 | +$338 (+9.0%) |
| 4BR | $7,495 | $4,950 | +$2,545 (+51.4%) |
| 4BR | $5,729 | $4,950 | +$779 (+15.7%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.