Palms, Los Angeles, CA Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Palms is $2,826, a 1.69% increase compared to the previous year, when the average rent was $2,779.
Studio Apartments at $2,131 offer the most budget-friendly option with 484 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 703 square feet for $2,677, balancing privacy and affordability.
Two-beedroom units at $3,505 offer 1,014 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,219 sq ft) for $4,932, suitable for larger households.
Average rent in Palms, Los Angeles, CA
Last updated: October 19, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,826 | 753 sq. ft. |
| Studio | $2,131 | 484 sq. ft. |
| 1 Bed | $2,677 | 703 sq. ft. |
| 2 Beds | $3,505 | 1,014 sq. ft. |
| 3 Beds | $4,932 | 1,219 sq. ft. |
Palms, Los Angeles, CA rent trends
Rental prices in Palms, Los Angeles, CA have increased by 1.69% over the past year. The average rent moved from $2,779 to $2,826.
What's the typical rent budget in Palms, Los Angeles, CA?
The largest share of rentals in Palms, Los Angeles, CA (38%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Palms, Los Angeles, CA?
20,337 or 79% of the households in Palms, Los Angeles, CA are renter-occupied while 5,291 or 21% are owner-occupied.
Most affordable neighborhoods in Palms?
Arlington Heights $1,532/month
Pico - Union $1,737/month
Hyde Park $1,750/month
All of these neighborhoods fall below the city wide average of $2,762/month.Most expensive neighborhoods in Palms?
Exposition Park $4,033/month
Downtown Santa Monica $4,169/month
Playa Vista $4,265/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Los Angeles, CA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Playa Vista | $4,265 |
| Downtown Santa Monica | $4,169 |
| Exposition Park | $4,033 |
| Mid-City Santa Monica | $3,996 |
| University Park | $3,933 |
| West Adams | $3,902 |
| Ocean Park | $3,878 |
| Beverly Grove | $3,772 |
| Sawtelle | $3,769 |
| Westwood | $3,750 |
| Brentwood | $3,664 |
| Del Rey | $3,567 |
| Fairfax | $3,500 |
| Rancho Park | $3,486 |
| Wilshire - Montana | $3,448 |
| Pico - Robertson | $3,433 |
| Venice | $3,418 |
| Historic South-Central | $3,392 |
| Century City | $3,350 |
| Fox Hills | $3,348 |
| Mid-Wilshire | $3,213 |
| Playa del Rey | $3,175 |
| Hancock Park | $3,156 |
| Windsor Square | $3,136 |
| Hollywood Hills West | $3,069 |
| Larchmont | $3,019 |
| Westchester | $3,018 |
| Downtown Los Angeles | $2,978 |
| West Los Angeles | $2,898 |
| Woodland Hills | $2,851 |
| Toluka Lake | $2,836 |
| Palms | $2,826 |
| Mar Vista | $2,764 |
| Pico | $2,726 |
| Studio City | $2,715 |
| Chinatown | $2,712 |
| Hollywood | $2,666 |
| Echo Park | $2,634 |
| Cheviot Hills | $2,560 |
| North Hollywood | $2,555 |
| Harvard Heights | $2,549 |
| Valley Village | $2,545 |
| Atwater Village | $2,513 |
| Sherman Oaks | $2,510 |
| Los Feliz | $2,487 |
| Sunkist Park | $2,464 |
| Chatsworth | $2,463 |
| Canoga Park | $2,453 |
| Encino | $2,439 |
| Northridge | $2,437 |
| Hollywood Hills | $2,382 |
| Boyle Heights | $2,366 |
| Silver Lake | $2,246 |
| East Hollywood | $2,237 |
| Granada Hills | $2,223 |
| Koreatown | $2,222 |
| Eagle Rock | $2,220 |
| Westlake | $2,192 |
| Baldwin Hills - Crenshaw | $2,180 |
| Pacoima | $2,178 |
| Highland Park | $2,170 |
| Tarzana | $2,167 |
| Lincoln Heights | $2,138 |
| Valley Glen | $2,131 |
| Van Nuys | $2,091 |
| North Hills | $2,074 |
| Mount Washington | $2,062 |
| Reseda | $2,040 |
| Lake Balboa | $2,036 |
| Shadow Hills | $2,035 |
| Sylmar | $2,034 |
| Glassell Park | $2,004 |
| Leimert Park | $1,996 |
| El Sereno | $1,984 |
| Panorama City | $1,956 |
| Lake View Terrace | $1,956 |
| Winnetka | $1,925 |
| Sunland | $1,923 |
| Mission Hills | $1,915 |
| Jefferson Park | $1,907 |
| Sun Valley | $1,893 |
| Hyde Park | $1,750 |
| Pico - Union | $1,737 |
| Arlington Heights | $1,532 |
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Los Angeles | Rent Comparison by Neighborhood
Rent in Palms is 84% higher than in Arlington Heights
$2,826
Palms rent is the same as Los Angeles average
Average Rent
$2,826
$1,532
Arlington Heights rent is 46% lower than Los Angeles average
Average Rent
$1,532
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Palms apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.