Monthly Rent Report
Palms Rent Report — December 2024
Asking rents in ZIP 90034, Los Angeles, from 178 listings.
Median 1BR rent in Palms was $2,298 in December 2024, flat versus November 2024 and down 11.6% year-over-year. The middle half of 1BR listings asked between $1,995 and $2,508. That puts Palms $230 above the Los Angeles citywide 1BR median of $2,068. The month's figures are based on 178 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,300 | +$125 (+3.9%) | +$1,665 (+101.8%) | $2,400 – $3,338 | 3 |
| Studio | $1,798 | −$1,377 (-43.4%) | +$163 (+9.9%) | $1,646 – $2,071 | 26 |
| 1BR | $2,298 | $0 (0.0%) | −$302 (-11.6%) | $1,995 – $2,508 | 56 |
| 1BR | $3,315 | +$1,017 (+44.3%) | +$715 (+27.5%) | $3,001 – $3,494 | 4 |
| 2BR | $3,195 | +$445 (+16.2%) | +$146 (+4.8%) | $2,595 – $3,495 | 5 |
| 2BR | $2,923 | +$173 (+6.3%) | −$127 (-4.2%) | $2,595 – $3,609 | 32 |
| 3BR | $6,250 | +$3,150 (+101.6%) | +$1,950 (+45.3%) | $6,250 – $6,250 | 1 |
| 3BR | $3,995 | +$895 (+28.9%) | −$305 (-7.1%) | $3,095 – $4,995 | 29 |
| 4BR | $6,230 | +$1,930 (+44.9%) | −$1,270 (-16.9%) | $6,230 – $7,500 | 9 |
| 4BR | $6,230 | +$1,930 (+44.9%) | −$1,270 (-16.9%) | $6,230 – $7,500 | 9 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — December 2024
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,300 | $1,725 | +$1,575 (+91.3%) |
| Studio | $1,798 | $1,725 | +$73 (+4.2%) |
| 1BR | $2,298 | $2,068 | +$230 (+11.1%) |
| 1BR | $3,315 | $2,068 | +$1,247 (+60.3%) |
| 2BR | $3,195 | $2,750 | +$445 (+16.2%) |
| 2BR | $2,923 | $2,750 | +$173 (+6.3%) |
| 3BR | $6,250 | $3,995 | +$2,255 (+56.4%) |
| 3BR | $3,995 | $3,995 | $0 (0.0%) |
| 4BR | $6,230 | $4,900 | +$1,330 (+27.1%) |
| 4BR | $6,230 | $4,900 | +$1,330 (+27.1%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in December 2024.