Monthly Rent Report
Palms Rent Report — April 2024
Asking rents in ZIP 90034, Los Angeles, from 1,512 listings.
Median 1BR rent in Palms was $2,058 in April 2024, down 22.4% (−$592) from March 2024 and down 16.0% year-over-year. The middle half of 1BR listings asked between $1,974 and $2,295. That puts Palms $38 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 1,512 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,725 | +$50 (+3.0%) | −$270 (-13.5%) | $1,725 – $1,725 | 1 |
| Studio | $2,030 | +$355 (+21.2%) | +$35 (+1.8%) | $1,760 – $2,422 | 187 |
| 1BR | $2,058 | −$592 (-22.4%) | −$392 (-16.0%) | $1,974 – $2,295 | 8 |
| 1BR | $2,350 | −$300 (-11.3%) | −$100 (-4.1%) | $2,125 – $2,675 | 614 |
| 2BR | $2,793 | −$302 (-9.8%) | −$206 (-6.9%) | $2,691 – $2,894 | 2 |
| 2BR | $2,995 | −$100 (-3.2%) | −$4 (-0.1%) | $2,750 – $3,495 | 507 |
| 3BR | $4,500 | +$750 (+20.0%) | +$853 (+23.4%) | $3,750 – $5,810 | 143 |
| 3BR | $3,195 | −$555 (-14.8%) | −$452 (-12.4%) | $3,195 – $3,195 | 1 |
| 4BR | $6,295 | +$566 (+9.9%) | +$700 (+12.5%) | $5,545 – $7,800 | 9 |
| 4BR | $5,729 | $0 (0.0%) | +$134 (+2.4%) | $5,729 – $7,800 | 5 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — April 2024
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,725 | $1,795 | −$70 (-3.9%) |
| Studio | $2,030 | $1,795 | +$235 (+13.1%) |
| 1BR | $2,058 | $2,095 | −$37 (-1.8%) |
| 1BR | $2,350 | $2,095 | +$255 (+12.2%) |
| 2BR | $2,793 | $2,833 | −$40 (-1.4%) |
| 2BR | $2,995 | $2,833 | +$162 (+5.7%) |
| 3BR | $4,500 | $3,950 | +$550 (+13.9%) |
| 3BR | $3,195 | $3,950 | −$755 (-19.1%) |
| 4BR | $6,295 | $4,999 | +$1,296 (+25.9%) |
| 4BR | $5,729 | $4,999 | +$730 (+14.6%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in April 2024.