Average Rent in Palms, Los Angeles, CA

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Current Versus Historical Palms, Los Angeles, CA Rents

Palms rentals average $1,745 for a studio rental to $4,212 for a 2-bedroom rental. The median price of all currently available listings is $2,625, or roughly $4 per square feet.
For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $53 (-3.05%) year-over-year from $1,748 to $1,695. 1-bedroom rentals prices have decreased by $67 (-2.82%) year-over-year from $2,362 to $2,295. 2-bedroom rentals prices have decreased by $205 (-6.70%) year-over-year from $3,063 to $2,858. 3-bedroom rentals prices have decreased by $318 (-6.97%) year-over-year from $4,555 to $4,237. 4-bedroom rentals prices have decreased by $1,448 (-27.33%) year-over-year from $5,298 to $3,850. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 3.43% this month. 1-bedroom rents have gone up by 0.69% this month. 2-bedroom rents have gone down by 9.26% this month. 3-bedroom rents have gone down by 13.90% this month. 4-bedroom rents have gone down by 1.24% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $5.14 $1,695 $1,748 (-3.05%) $1,387 (22.21%)
1 BR $3.47 $2,295 $2,362 (-2.82%) $1,798 (27.62%)
2 BR $3.46 $2,858 $3,063 (-6.70%) $2,331 (22.58%)

Historical Rents in Palms, Los Angeles, CA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Palms

There are a total of 17 cities nearby Palms. The average rent in Palms is currently $4,375 per month. Only one city nearby has an average rent lower than that. Our records show that Long Beach, CA, with an average rent of $2,600, is the most affordable city nearby. In contrast, the most expensive city near Palms, Los Angeles, CA is Malibu, CA. Monthly rents here are on average $27,250 per month.

Let's compare Palms, Los Angeles, CA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Palms, Los Angeles, CA is 18.77% more affordable than other cities nearby. One bedrooms are about 6.21% more affordable. Two bedrooms in Palms, Los Angeles, CA are about 8.59% more expensive. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 10 cities out of 17 total cities near Palms, Los Angeles, CA in the following chart.
City Studio 1 Bed 2 Bed All
Long Beach, CA $2,148 $2,300 $2,750 $2,600
Costa Mesa, CA $1,946 $2,531 $3,282 $2,747
Santa Clarita, CA N/A $2,390 $2,950 $2,900
Glendale, CA $2,118 $2,248 $2,995 $3,026
Huntington Beach, CA $2,085 $2,815 $3,370 $3,593
Los Angeles, CA $1,957 $2,650 $3,950 $4,250
West Hollywood, CA $3,025 $3,400 $5,725 $5,000
Santa Monica, CA $2,475 $3,195 $5,300 $5,898
Beverly Hills, CA $2,073 $3,400 $6,100 $11,000
Malibu, CA $6,998 $5,873 $7,850 $27,250

Top Neighborhoods Near Palms

There are a total of 17 neighborhoods in or near Palms. Some of these neighborhoods include Historic Cultural, Wilshire Center - Koreatown, and Irvine Business Complex. We've included all of these top 17 neighborhoods in or near Palms, Los Angeles, CA in the following chart.

The average rent for these 17 neighborhoods in or near Palms, Los Angeles, CA is currently around $4,500 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only fifteen neighborhoods have a higher average rent than $4,500. Interestingly, the neighborhoods' average rent is higher than Palms's average rent, which is only $2,625. Out of all the neighborhoods in or near Palms, Historic Cultural has the most affordable average rent at $2,390 per month. Whereas, at $20,000 average rent per month, Bel Air-Beverly Crest is the most expensive neighborhood in or near Palms. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Historic Cultural, Los Angeles, CA $2,001 $2,244 $2,920 $2,390
Wilshire Center - Koreatown, Los Angeles, CA $1,867 $2,438 $2,805 $2,487
Irvine Business Complex, Irvine, CA $2,650 $2,722 $4,100 $3,000
Mid-Town North Hollywood, Los Angeles, CA $2,200 $2,613 $3,050 $3,050
Downtown Los Angeles, Los Angeles, CA $2,245 $2,875 $3,950 $3,200
Westchester-Playa Del Rey, Los Angeles, CA $2,389 $3,000 $3,925 $3,584
Central Hollywood, Los Angeles, CA $2,600 $2,715 $3,995 $3,594
Marina del Rey, Los Angeles, CA $2,448 $2,931 $4,155 $3,676
Woodland Hills-Warner Center, Los Angeles, CA N/A $2,412 $3,250 $4,500
Venice, Los Angeles, CA $2,026 $3,309 $4,770 $4,995
Westwood, Los Angeles, CA $3,195 $3,998 $5,000 $5,248
Hollywood Hills West, Los Angeles, CA $1,990 $2,418 $4,948 $6,600
Mid-City West, Los Angeles, CA $1,599 $3,266 $5,775 $6,646
Brentwood, Los Angeles, CA N/A $2,825 $5,198 $6,998
Sherman Oaks, Los Angeles, CA $2,153 $1,995 $3,240 $8,925
Westside, Los Angeles, CA $2,598 $9,500 $12,100 $9,425
Bel Air-Beverly Crest, Los Angeles, CA N/A $3,800 $6,250 $20,000

Top Counties Near Palms

There are a total of 17 counties located by Palms, Los Angeles, CA. Some of these counties include Ventura, CA, Los Angeles, CA, and Orange, CA. The average rent for rentals in these counties is $3,996. That's roughly around $3 per sqft. The county that is the most affordable is Ventura, CA. It's average rent per month is $3,475. Vice versa, with an average rent of $4,348, Orange, CA is the most expensive county by Palms, Los Angeles, CA.

Typically, rent for studios in Palms, Los Angeles, CA is 14.33% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Palms, Los Angeles, CA is 0.38% more affordable than other counties nearby. Finally, rent for two bedrooms in Palms, Los Angeles, CA is 17.66% more expensive than other counties nearby. We've listed the top 3 counties in the chart below.
County Studio 1 Bed 2 Bed All
Ventura, CA $1,800 $2,100 $2,950 $3,475
Los Angeles, CA $1,995 $2,505 $3,650 $3,996
Orange, CA $2,010 $2,600 $3,468 $4,348

Top Zipcodes Near Palms

There are a total of 22 zipcodes in or near Palms, Los Angeles, CA. The average rent for all of these zipcodes is $4,894. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 92663, Newport Beach, CA at $2,299 per month. In comparison, the zipcode with the most expensive average rent of $25,000 per month is 90210, Los Angeles, CA.

Studios in these zipcodes have an average rent of $1,982. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Palms, Los Angeles, CA is $2,741 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,574 per month. Which comes out to $4 per sqft. The following chart includes the top 10 zipcodes in Palms, Los Angeles, CA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
90025, Los Angeles, CA $2,450 $2,547 $3,895 $3,945
90292, Marina del Rey, CA $2,054 $3,040 $4,184 $3,789
90024, Los Angeles, CA $3,195 $4,000 $4,675 $5,288
90291, Los Angeles, CA $2,900 $4,845 $5,913 $6,400
90048, Los Angeles, CA $1,975 $3,345 $5,599 $6,846
90069, Los Angeles, CA $3,299 $4,250 $7,990 $9,500
90210, Los Angeles, CA N/A $7,750 $17,250 $25,000
90046, Los Angeles, CA $1,990 $2,424 $5,000 $6,850
90049, Los Angeles, CA N/A $2,700 $5,495 $6,495
90028, Los Angeles, CA $2,050 $2,425 $3,625 $2,928

Frequently Asked Questions - Palms Average Rents

What is the average rent price in Palms, Los Angeles, CA?
The average monthly rental price for Palms, Los Angeles, CA apartments for rent is approximately $2,625. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Palms, Los Angeles, CA rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Palms, Los Angeles, CA.
How much is a studio apartment in Palms, Los Angeles, CA?
The average monthly rental price for studio apartments is $1,745 and an average price per square feet of $5.14. There are a total of 4 studio apartment listings currently available for rent in Palms.
How much is a one bedroom apartment in Palms, Los Angeles, CA?
The average monthly rental price for one bedroom apartments is $2,495 and an average price per square feet of $3.47. There are a total of 10 one bedroom apartment listings currently available for rent in Palms.
How much is a two bedroom apartment in Palms, Los Angeles, CA?
The average monthly rental price for two bedroom apartments is $4,212 and an average price per square feet of $3.46. There are a total of 5 two bedroom apartment listings currently available for rent in Palms.
How have rent prices in Palms, Los Angeles, CA changed this year?
Rent prices for rentals in Palms, Los Angeles, CA can fluctuate yearly. Specifically, studio rental prices have changed by -0.03%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by -0.07%, and three bedroom rental prices have changed by -0.07% year-over-year.
What is a reasonable rent price in Palms, Los Angeles, CA?
A reasonable rent price in Palms, Los Angeles, CA is around $2,100/month. You can search for these reasonably priced rental listings on RentHop.
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