Monthly Rent Report
Torrance Rent Report — May 2023
Asking rents in ZIP 90501, Los Angeles, from 114 listings.
Median 1BR rent in Torrance was $1,800 in May 2023, down 4.0% (−$75) from April 2023 and down 5.3% year-over-year. The middle half of 1BR listings asked between $1,750 and $1,935. That puts Torrance $322 below the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 114 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,895 | −$5 (-0.3%) | +$370 (+24.3%) | $1,695 – $2,695 | 9 |
| Studio | $1,499 | −$401 (-21.1%) | −$26 (-1.7%) | $1,499 – $1,499 | 1 |
| 1BR | $1,800 | −$75 (-4.0%) | −$100 (-5.3%) | $1,750 – $1,935 | 23 |
| 1BR | $2,050 | +$175 (+9.3%) | +$150 (+7.9%) | $2,050 – $2,050 | 1 |
| 2BR | $2,550 | +$184 (+7.8%) | −$350 (-12.1%) | $2,550 – $3,275 | 3 |
| 2BR | $2,745 | +$379 (+16.0%) | −$155 (-5.3%) | $2,300 – $3,325 | 35 |
| 3BR | $2,900 | −$1,425 (-32.9%) | −$12 (-0.4%) | $2,745 – $3,500 | 37 |
| 3BR | $3,391 | −$934 (-21.6%) | +$479 (+16.4%) | $3,391 – $3,391 | 1 |
| 4BR | $3,800 | −$400 (-9.5%) | −$1,400 (-26.9%) | $3,800 – $3,800 | 3 |
| 4BR | $4,100 | −$100 (-2.4%) | −$1,100 (-21.2%) | $4,100 – $4,100 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — May 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,895 | $1,750 | +$145 (+8.3%) |
| Studio | $1,499 | $1,750 | −$251 (-14.3%) |
| 1BR | $1,800 | $2,122 | −$322 (-15.2%) |
| 1BR | $2,050 | $2,122 | −$72 (-3.4%) |
| 2BR | $2,550 | $2,780 | −$230 (-8.3%) |
| 2BR | $2,745 | $2,780 | −$35 (-1.3%) |
| 3BR | $2,900 | $3,943 | −$1,042 (-26.4%) |
| 3BR | $3,391 | $3,943 | −$551 (-14.0%) |
| 4BR | $3,800 | $5,000 | −$1,200 (-24.0%) |
| 4BR | $4,100 | $5,000 | −$900 (-18.0%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.