Monthly Rent Report
Torrance Rent Report — April 2023
Asking rents in ZIP 90501, Los Angeles, from 168 listings.
Median 1BR rent in Torrance was $1,875 in April 2023, down 6.0% (−$120) from March 2023 and unchanged year-over-year. The middle half of 1BR listings asked between $1,725 and $1,995. That puts Torrance $222 below the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 168 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,695 | +$1,345 (+99.6%) | +$1,670 (+162.9%) | $2,695 – $2,695 | 1 |
| Studio | $1,900 | +$550 (+40.7%) | +$875 (+85.4%) | $1,746 – $1,900 | 6 |
| 1BR | $1,875 | −$120 (-6.0%) | $0 (0.0%) | $1,725 – $1,995 | 35 |
| 1BR | $1,750 | −$245 (-12.3%) | −$125 (-6.7%) | $1,750 – $1,750 | 1 |
| 2BR | $2,366 | −$106 (-4.3%) | +$344 (+17.0%) | $2,306 – $2,427 | 2 |
| 2BR | $2,400 | −$72 (-2.9%) | +$378 (+18.7%) | $2,000 – $3,250 | 53 |
| 3BR | $4,325 | +$1,580 (+57.6%) | +$900 (+26.3%) | $4,325 – $4,325 | 1 |
| 3BR | $2,997 | +$252 (+9.2%) | −$428 (-12.5%) | $2,745 – $3,395 | 60 |
| 4BR | $3,550 | −$897 (-20.2%) | +$50 (+1.4%) | $3,300 – $3,800 | 4 |
| 4BR | $4,200 | −$247 (-5.6%) | +$700 (+20.0%) | $4,200 – $4,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — April 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,695 | $1,775 | +$920 (+51.8%) |
| Studio | $1,900 | $1,775 | +$125 (+7.0%) |
| 1BR | $1,875 | $2,097 | −$222 (-10.6%) |
| 1BR | $1,750 | $2,097 | −$347 (-16.5%) |
| 2BR | $2,366 | $2,795 | −$429 (-15.3%) |
| 2BR | $2,400 | $2,795 | −$395 (-14.1%) |
| 3BR | $4,325 | $3,895 | +$430 (+11.0%) |
| 3BR | $2,997 | $3,895 | −$898 (-23.1%) |
| 4BR | $3,550 | $4,970 | −$1,420 (-28.6%) |
| 4BR | $4,200 | $4,970 | −$770 (-15.5%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in April 2023.