Monthly Rent Report
Palms Rent Report — October 2024
Asking rents in ZIP 90034, Los Angeles, from 242 listings.
Median 1BR rent in Palms was $2,350 in October 2024, up 12.2% (+$255) from September 2024 and down 7.8% year-over-year. The middle half of 1BR listings asked between $2,150 and $2,595. That puts Palms $339 above the Los Angeles citywide 1BR median of $2,011. The month's figures are based on 242 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,115 | +$720 (+51.6%) | +$490 (+30.2%) | $2,018 – $2,238 | 19 |
| Studio | $2,350 | +$955 (+68.4%) | +$725 (+44.6%) | $1,824 – $2,875 | 2 |
| 1BR | $2,350 | +$255 (+12.2%) | −$200 (-7.8%) | $2,150 – $2,595 | 90 |
| 1BR | $2,195 | +$100 (+4.8%) | −$355 (-13.9%) | $2,188 – $2,395 | 3 |
| 2BR | $3,595 | +$600 (+20.0%) | +$1,000 (+38.5%) | $3,395 – $3,795 | 2 |
| 2BR | $2,695 | −$300 (-10.0%) | +$100 (+3.9%) | $2,590 – $3,362 | 101 |
| 3BR | $4,573 | +$273 (+6.3%) | +$1,078 (+30.8%) | $3,923 – $4,995 | 10 |
| 3BR | $3,145 | −$1,155 (-26.9%) | −$350 (-10.0%) | $3,145 – $3,145 | 1 |
| 4BR | $5,250 | −$250 (-4.5%) | −$3,245 (-38.2%) | $5,250 – $5,250 | 1 |
| 4BR | $5,950 | +$450 (+8.2%) | −$2,545 (-30.0%) | $3,495 – $5,961 | 12 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — October 2024
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,115 | $1,700 | +$415 (+24.4%) |
| Studio | $2,350 | $1,700 | +$650 (+38.2%) |
| 1BR | $2,350 | $2,011 | +$339 (+16.8%) |
| 1BR | $2,195 | $2,011 | +$184 (+9.1%) |
| 2BR | $3,595 | $2,727 | +$868 (+31.8%) |
| 2BR | $2,695 | $2,727 | −$32 (-1.2%) |
| 3BR | $4,573 | $3,816 | +$757 (+19.8%) |
| 3BR | $3,145 | $3,816 | −$671 (-17.6%) |
| 4BR | $5,250 | $5,225 | +$25 (+0.5%) |
| 4BR | $5,950 | $5,225 | +$725 (+13.9%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in October 2024.