Apartments for Rent in Palms, Los Angeles, CA

Palms, Los Angeles apartment availability

Palms, Los Angeles offers a very strong selection of rental listings, with an average of 370 rentals available each month. The majority of rentals are 1-bedroom and 2-bedroom apartments, with a smaller number of studios and 3-bedroom apartments. Many of these apartments offer popular amenities, including dishwashers, which are available in nearly 60% of rentals. Pet owners will also find Palms to be a welcoming neighborhood, with over 54% of apartments allowing pets, either with or without restrictions.

Palms, Los Angeles rental market trends

The Palms neighborhood in Los Angeles saw a decline in average monthly rent by about 5% last year, settling at $2,849. Breaking it down by bedroom count, 1-bedrooms averaged $2,630 per month, a 4% decrease from the previous year. The average rent for a 2-bedroom was around $3,553, while studios came in at approximately $2,121, a 2% increase from the previous year.

In Palms, the summer months don't necessarily mean higher prices. In fact, June tends to have the lowest rent, while August sees the highest, with a 5.9% increase compared to June. If you're looking for a new apartment, June might be a good time to find a deal. On the other hand, if you're looking to avoid competition, it's best to steer clear of the most competitive months, although the data doesn't suggest a specific month with significantly more demand than available inventory. Nonetheless, understanding these trends can help you navigate the rental market in Palms more effectively.

Why Palms, Los Angeles is a great place to live

Palms, Los Angeles, stands out as a neighborhood that seamlessly aligns with the lifestyles and interests of its residents, particularly those who value pet friendliness and an active social life.

For pet owners, Palms offers a haven with amenities such as pet waste stations, ample pet space, pet-safe windows, and outdoor spaces. The absence of breed restrictions and the presence of dog parks and pet events further enhance the pet-friendly experience, making it an ideal location for those who consider their pets as part of the family.

The neighborhood also thrives on its social scene, supported by a high walk score, excellent street infrastructure, and frequent transit options. This, combined with a balanced neighborhood age distribution and a focus on safety, creates a vibrant community that encourages interaction and exploration. Whether you're looking for a place to call home that accommodates your pets or seeking a lively social environment, Palms, Los Angeles, is a neighborhood that caters to these desires effectively.