Palms, Los Angeles, CA Rental Market Trends
Last updated: April 10, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Palms is $2,829, a 2.08% increase compared to the previous year, when the average rent was $2,772.
Studio Apartments at $2,168 offer the most budget-friendly option with 484 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 705 square feet for $2,669, balancing privacy and affordability.
Two-beedroom units at $3,473 offer 1,009 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,173 sq ft) for $4,955, suitable for larger households.
Average rent in Palms, Los Angeles, CA
Last updated: April 10, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,829 | 754 sq. ft. |
| Studio | $2,168 | 484 sq. ft. |
| 1 Bed | $2,669 | 705 sq. ft. |
| 2 Beds | $3,473 | 1,009 sq. ft. |
| 3 Beds | $4,955 | 1,173 sq. ft. |
Palms, Los Angeles, CA rent trends
Rental prices in Palms, Los Angeles, CA have increased by 2.08% over the past year. The average rent moved from $2,772 to $2,829.
What's the typical rent budget in Palms, Los Angeles, CA?
The largest share of rentals in Palms, Los Angeles, CA (33%) 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?
11,515 or 79% of the households in Palms, Los Angeles, CA are renter-occupied while 2,996 or 21% are owner-occupied.
Most affordable neighborhoods in Palms?
Arlington Heights $1,626/month
Pico - Union $1,802/month
Leimert Park $1,814/month
All of these neighborhoods fall below the city wide average of $2,736/month.Most expensive neighborhoods in Palms?
Exposition Park $4,069/month
Ocean Park $4,079/month
West Adams $4,154/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Los Angeles, CA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| West Adams | $4,154 |
| Ocean Park | $4,079 |
| Exposition Park | $4,069 |
| Playa Vista | $4,064 |
| Sawtelle | $3,893 |
| Mid-City Santa Monica | $3,855 |
| University Park | $3,808 |
| Westwood | $3,678 |
| Brentwood | $3,637 |
| Fairfax | $3,599 |
| Downtown Santa Monica | $3,598 |
| Beverly Grove | $3,567 |
| Pico - Robertson | $3,538 |
| Del Rey | $3,458 |
| Wilshire - Montana | $3,437 |
| Rancho Park | $3,344 |
| Venice | $3,303 |
| Historic South-Central | $3,295 |
| Mid-Wilshire | $3,290 |
| Playa del Rey | $3,189 |
| Larchmont | $3,189 |
| Fox Hills | $3,141 |
| Windsor Square | $3,104 |
| Hancock Park | $3,067 |
| Pico | $3,048 |
| Hollywood Hills West | $3,030 |
| Westchester | $2,979 |
| Downtown Los Angeles | $2,893 |
| Palms | $2,829 |
| Woodland Hills | $2,799 |
| Echo Park | $2,759 |
| Mar Vista | $2,705 |
| Studio City | $2,687 |
| Hollywood | $2,687 |
| Mid-City | $2,641 |
| West Los Angeles | $2,639 |
| Cheviot Hills | $2,599 |
| Carthay | $2,573 |
| Chinatown | $2,572 |
| Harvard Heights | $2,544 |
| Sherman Oaks | $2,525 |
| North Hollywood | $2,521 |
| Toluka Lake | $2,514 |
| Chatsworth | $2,500 |
| Valley Village | $2,496 |
| Los Feliz | $2,491 |
| Northridge | $2,464 |
| Atwater Village | $2,456 |
| Silver Lake | $2,433 |
| Encino | $2,416 |
| Canoga Park | $2,405 |
| Hollywood Hills | $2,363 |
| Sunkist Park | $2,299 |
| East Hollywood | $2,268 |
| Lincoln Heights | $2,236 |
| Koreatown | $2,234 |
| Shadow Hills | $2,233 |
| Pacoima | $2,216 |
| Eagle Rock | $2,216 |
| Granada Hills | $2,202 |
| Westlake | $2,189 |
| Boyle Heights | $2,175 |
| Highland Park | $2,170 |
| Mission Hills | $2,134 |
| Tarzana | $2,127 |
| Valley Glen | $2,126 |
| Van Nuys | $2,113 |
| Century City | $2,111 |
| Baldwin Hills - Crenshaw | $2,111 |
| Sylmar | $2,106 |
| Lake Balboa | $2,072 |
| North Hills | $2,055 |
| Reseda | $2,053 |
| Glassell Park | $2,035 |
| Mount Washington | $1,995 |
| Hyde Park | $1,960 |
| Panorama City | $1,947 |
| Winnetka | $1,909 |
| Lake View Terrace | $1,892 |
| El Sereno | $1,877 |
| Sunland | $1,873 |
| Sun Valley | $1,859 |
| Jefferson Park | $1,858 |
| Leimert Park | $1,814 |
| Pico - Union | $1,802 |
| Arlington Heights | $1,626 |
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Los Angeles | Rent Comparison by Neighborhood
Rent in Palms is 74% higher than in Arlington Heights
$2,829
Palms rent is the same as Los Angeles average
Average Rent
$2,829
$1,626
Arlington Heights rent is 43% lower than Los Angeles average
Average Rent
$1,626
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.