Monthly Rent Report
Palms Rent Report — June 2024
Asking rents in ZIP 90034, Los Angeles, from 1,162 listings.
Median 1BR rent in Palms was $2,245 in June 2024, down 8.0% (−$194) from May 2024 and down 9.5% year-over-year. The middle half of 1BR listings asked between $2,220 and $2,270. That puts Palms $145 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 1,162 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,067 | +$267 (+14.8%) | +$56 (+2.8%) | $1,859 – $2,450 | 280 |
| Studio | $1,499 | −$301 (-16.7%) | −$511 (-25.4%) | $1,499 – $1,499 | 1 |
| 1BR | $2,245 | −$194 (-8.0%) | −$237 (-9.5%) | $2,220 – $2,270 | 2 |
| 1BR | $2,600 | +$161 (+6.6%) | +$118 (+4.8%) | $2,600 – $2,600 | 4 |
| 2BR | $3,160 | +$570 (+22.0%) | −$1,765 (-35.8%) | $2,760 – $3,645 | 662 |
| 2BR | $2,499 | −$91 (-3.5%) | −$2,426 (-49.3%) | $2,499 – $2,499 | 1 |
| 3BR | $3,600 | −$1,395 (-27.9%) | −$695 (-16.2%) | $3,600 – $3,600 | 1 |
| 3BR | $3,995 | −$1,000 (-20.0%) | −$300 (-7.0%) | $3,524 – $5,295 | 150 |
| 4BR | $7,500 | $0 (0.0%) | +$1,000 (+15.4%) | $5,545 – $9,250 | 21 |
| 4BR | $7,500 | $0 (0.0%) | +$1,000 (+15.4%) | $5,545 – $9,250 | 21 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — June 2024
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,067 | $1,759 | +$308 (+17.5%) |
| Studio | $1,499 | $1,759 | −$260 (-14.8%) |
| 1BR | $2,245 | $2,100 | +$145 (+6.9%) |
| 1BR | $2,600 | $2,100 | +$500 (+23.8%) |
| 2BR | $3,160 | $2,885 | +$275 (+9.5%) |
| 2BR | $2,499 | $2,885 | −$386 (-13.4%) |
| 3BR | $3,600 | $3,900 | −$300 (-7.7%) |
| 3BR | $3,995 | $3,900 | +$95 (+2.4%) |
| 4BR | $7,500 | $5,000 | +$2,500 (+50.0%) |
| 4BR | $7,500 | $5,000 | +$2,500 (+50.0%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in June 2024.