Rental market snapshot for Palms, Culver City

Palms rental market summary

The rental market in Palms, California is showing signs of growth. In July 2023, there were 37 new listings, a significant increase from the previous month. The median rent for the same period was $3,659, a 1.7% increase from June 2023 and a 16.7% increase from July 2022. This suggests that the rental market in Palms is becoming more competitive and that prices are rising.

The increasing demand for rental properties in Palms is likely due to the area's desirable location and amenities. Palms is close to Los Angeles, making it a great place to live for those who want to be close to the city but still enjoy a more suburban lifestyle. The area also offers plenty of recreational activities, such as hiking trails, parks, and beaches, making it an attractive option for renters. With the increasing demand for rental properties in Palms, it is likely that the median rent will continue to rise in the coming months.

Median rent for all residential properties in Palms

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The most expensive listings and top trending buildings in Palms

Most Expensive Listings

AddressRent PriceBed / Bath
3838 S Dunn Dr$7,9954 / 4.0
3800 Mentone Ave$6,8854 / 4.0
9901 Washington Blvd$6,4953 / 2.5
3838 S Dunn Dr$4,8712 / 2.0
9901 Washington Blvd$3,9991 / 1.5

Top Trending Buildings

building nameavg rent price
SPI California Management$3,799
GIG$3,704
CLGManagement$3,256
The REMM Group$2,595

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Bedroom Breakdown in Palms

Studio
$3,052
MEDIAN RENT
1 Bedroom
$3,351
MEDIAN RENT
2 Bedroom
$4,416
MEDIAN RENT

Palms neighborhood apartments rents

The rental market for studios in Palms, California appears to be stable, with only two new listings in July 2023 and a median rent of $3,052. This suggests that the demand for studios in Palms is relatively consistent, and that the market is not experiencing any significant changes in rent from month to month.

The rental market for 1-bedroom apartments in Palms, California is showing signs of growth. In July 2023, there were 14 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $3,351, which is 11.8% lower than the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in Palms, California is looking positive.

The rental market for 2-bedroom apartments in Palms, California is relatively stable. In July 2023, there were 2 new 2-bedroom listings, and the median rent for 2-bedroom apartments was $4,416, a 4.2% decrease from the median rent in June 2023. This suggests that the rental market is not experiencing significant fluctuations in prices, and that the market is relatively stable.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Palms is $3,659.
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