Rental market snapshot for Palms, Los Angeles
Palms rental market summary
The rental market in Palms, California is showing signs of stability. In July 2023, there were 302 new listings, indicating that the market is still active. The median rent for the month was $2,855, which is only a 1.4% decrease from the previous month. This suggests that the rental market is not experiencing any drastic changes in prices. Furthermore, the median rent in July 2023 was the same as it was in July 2022, indicating that the market has remained relatively consistent over the past year.
Overall, the rental market in Palms, California appears to be stable and consistent. The number of new listings is still high, and the median rent has remained the same for the past year. This suggests that the market is not experiencing any major changes in prices or activity. As such, it is a good time for renters to consider the Palms area for their next home.
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
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 3110 Military Ave | $8,900 | 6 / 5.0 |
| 6016 Comey Ave | $8,195 | 4 / 3.0 |
| 3415 S Sepulveda Blvd | $5,750 | 3 / 2.5 |
| 3247 S Sherbourne Dr | $5,500 | 3 / 2.0 |
| 3675 Dunn Dr | $5,220 | 3 / 3.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Helio | $4,200 |
| Blueground | $3,770 |
| The REMM Group | $3,435 |
| Evolve Realty & Development | $2,950 |
| M Lofts | $2,815 |
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Bedroom Breakdown in Palms
Palms neighborhood apartments rents
The rental market for studios in Palms, California is showing signs of stability. In July 2023, there were 12 new studio listings, and the median rent for studios decreased by 3.8% from June 2023 to July 2023, from $2,288 to $2,201. This suggests that the rental market is becoming more competitive, as more options become available for renters.
The rental market for 1-bedroom apartments in Palms, California is showing signs of growth. In July 2023, there were 34 new 1-bedroom listings, a 2.3% increase in median rent from June 2023 to July 2023, and a median rent of $2,862. This indicates that the rental market for 1-bedroom apartments in Palms is becoming more competitive and that demand is increasing.
The rental market for 2-bedroom apartments in Palms, California is showing signs of growth. In July 2023, there were 18 new 2-bedroom listings, a significant increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $3,845, a 13.1% increase from the median rent in June 2023. This suggests that demand for 2-bedroom apartments in Palms is increasing, and that the rental market is becoming more competitive.