Monthly Rent Report
Palms Rent Report — August 2024
Asking rents in ZIP 90034, Los Angeles, from 31 listings.
Median 1BR rent in Palms was $2,410 in August 2024, down 7.1% (−$185) from July 2024 and down 6.9% year-over-year. The middle half of 1BR listings asked between $2,045 and $2,625. That puts Palms $315 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 31 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,960 | +$565 (+23.6%) | +$788 (+36.2%) | $2,408 – $3,219 | 4 |
| Studio | $1,795 | −$600 (-25.1%) | −$377 (-17.4%) | $1,795 – $1,795 | 1 |
| 1BR | $2,410 | −$185 (-7.1%) | −$180 (-6.9%) | $2,045 – $2,625 | 6 |
| 1BR | $2,095 | −$500 (-19.3%) | −$495 (-19.1%) | $2,095 – $2,280 | 9 |
| 2BR | $2,795 | −$505 (-15.3%) | +$200 (+7.7%) | $2,645 – $2,945 | 2 |
| 3BR | $3,375 | +$25 (+0.7%) | −$4,825 (-58.8%) | $3,375 – $3,375 | 1 |
| 4BR | $4,495 | −$775 (-14.7%) | −$3,252 (-42.0%) | $4,495 – $4,495 | 1 |
| 4BR | $6,995 | +$1,725 (+32.7%) | −$752 (-9.7%) | $6,995 – $6,995 | 5 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — August 2024
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,960 | $1,750 | +$1,210 (+69.1%) |
| Studio | $1,795 | $1,750 | +$45 (+2.6%) |
| 1BR | $2,410 | $2,095 | +$315 (+15.0%) |
| 1BR | $2,095 | $2,095 | $0 (0.0%) |
| 2BR | $2,795 | $2,795 | $0 (0.0%) |
| 3BR | $3,375 | $4,000 | −$625 (-15.6%) |
| 4BR | $4,495 | $4,895 | −$400 (-8.2%) |
| 4BR | $6,995 | $4,895 | +$2,100 (+42.9%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.