Monthly Rent Report
Palms Rent Report — July 2024
Asking rents in ZIP 90034, Los Angeles, from 345 listings.
Median 1BR rent in Palms was $2,485 in July 2024, up 10.7% (+$240) from June 2024 and down 4.3% year-over-year. The middle half of 1BR listings asked between $2,290 and $2,680. That puts Palms $390 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 345 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,395 | +$896 (+59.8%) | +$274 (+12.9%) | $2,345 – $2,835 | 3 |
| Studio | $2,349 | +$850 (+56.7%) | +$228 (+10.7%) | $2,019 – $2,646 | 101 |
| 1BR | $2,485 | +$240 (+10.7%) | −$112 (-4.3%) | $2,290 – $2,680 | 2 |
| 1BR | $2,595 | +$350 (+15.6%) | −$2 (-0.1%) | $2,217 – $3,000 | 180 |
| 2BR | $3,300 | +$801 (+32.1%) | +$655 (+24.8%) | $3,024 – $3,300 | 4 |
| 2BR | $2,690 | +$191 (+7.6%) | +$45 (+1.7%) | $2,595 – $2,768 | 3 |
| 3BR | $3,995 | +$395 (+11.0%) | −$100 (-2.4%) | $3,600 – $5,045 | 38 |
| 3BR | $3,350 | −$250 (-6.9%) | −$745 (-18.2%) | $3,350 – $3,350 | 1 |
| 4BR | $5,270 | −$2,230 (-29.7%) | +$275 (+5.5%) | $4,870 – $6,346 | 4 |
| 4BR | $6,500 | −$1,000 (-13.3%) | +$1,505 (+30.1%) | $6,398 – $7,225 | 3 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — July 2024
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,395 | $1,778 | +$617 (+34.7%) |
| Studio | $2,349 | $1,778 | +$571 (+32.1%) |
| 1BR | $2,485 | $2,095 | +$390 (+18.6%) |
| 1BR | $2,595 | $2,095 | +$500 (+23.9%) |
| 2BR | $3,300 | $2,835 | +$465 (+16.4%) |
| 2BR | $2,690 | $2,835 | −$145 (-5.1%) |
| 3BR | $3,995 | $3,900 | +$95 (+2.4%) |
| 3BR | $3,350 | $3,900 | −$550 (-14.1%) |
| 4BR | $5,270 | $5,270 | $0 (0.0%) |
| 4BR | $6,500 | $5,270 | +$1,230 (+23.3%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in July 2024.