Monthly Rent Report
Palms Rent Report — May 2024
Asking rents in ZIP 90034, Los Angeles, from 802 listings.
Median 1BR rent in Palms was $2,439 in May 2024, up 3.8% (+$89) from April 2024 and up 0.6% year-over-year. The middle half of 1BR listings asked between $2,156 and $2,795. That puts Palms $344 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 802 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,800 | +$75 (+4.3%) | −$150 (-7.7%) | $1,788 – $1,813 | 2 |
| Studio | $1,795 | +$70 (+4.1%) | −$155 (-7.9%) | $1,795 – $1,795 | 1 |
| 1BR | $2,439 | +$89 (+3.8%) | +$14 (+0.6%) | $2,156 – $2,795 | 606 |
| 1BR | $3,500 | +$1,150 (+48.9%) | +$1,075 (+44.3%) | $3,500 – $3,500 | 1 |
| 1BR | $2,095 | −$255 (-10.9%) | −$330 (-13.6%) | $2,023 – $2,198 | 3 |
| 2BR | $2,495 | −$297 (-10.7%) | +$200 (+8.7%) | $2,495 – $2,495 | 2 |
| 2BR | $2,590 | −$202 (-7.3%) | +$295 (+12.9%) | $2,270 – $2,643 | 3 |
| 3BR | $4,995 | +$495 (+11.0%) | +$1,221 (+32.3%) | $4,873 – $5,148 | 3 |
| 3BR | $3,995 | −$505 (-11.2%) | +$221 (+5.8%) | $3,599 – $4,999 | 145 |
| 4BR | $7,500 | +$1,771 (+30.9%) | −$22 (-0.3%) | $5,545 – $9,250 | 23 |
| 4BR | $4,495 | −$1,234 (-21.5%) | −$3,027 (-40.2%) | $4,495 – $4,495 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — May 2024
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,800 | $1,795 | +$5 (+0.3%) |
| Studio | $1,795 | $1,795 | $0 (0.0%) |
| 1BR | $2,439 | $2,095 | +$344 (+16.4%) |
| 1BR | $3,500 | $2,095 | +$1,405 (+67.1%) |
| 1BR | $2,095 | $2,095 | $0 (0.0%) |
| 2BR | $2,495 | $2,850 | −$355 (-12.5%) |
| 2BR | $2,590 | $2,850 | −$260 (-9.1%) |
| 3BR | $4,995 | $3,969 | +$1,027 (+25.9%) |
| 3BR | $3,995 | $3,969 | +$27 (+0.7%) |
| 4BR | $7,500 | $5,175 | +$2,325 (+44.9%) |
| 4BR | $4,495 | $5,175 | −$680 (-13.1%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.