Monthly Rent Report
Torrance Rent Report — June 2023
Asking rents in ZIP 90501, Los Angeles, from 72 listings.
Median 1BR rent in Torrance was $1,895 in June 2023, up 5.3% (+$95) from May 2023 and up 1.1% year-over-year. The middle half of 1BR listings asked between $1,895 and $1,895. That puts Torrance $205 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 72 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,673 | +$1,174 (+78.3%) | +$73 (+2.8%) | $2,284 – $3,061 | 2 |
| Studio | $2,673 | +$1,174 (+78.3%) | +$73 (+2.8%) | $2,284 – $3,061 | 2 |
| 1BR | $1,895 | +$95 (+5.3%) | +$20 (+1.1%) | $1,895 – $1,895 | 1 |
| 1BR | $1,845 | +$45 (+2.5%) | −$30 (-1.6%) | $1,700 – $1,995 | 17 |
| 2BR | $2,900 | +$155 (+5.6%) | +$400 (+16.0%) | $2,175 – $3,381 | 16 |
| 2BR | $1,795 | −$950 (-34.6%) | −$705 (-28.2%) | $1,795 – $1,795 | 1 |
| 3BR | $3,273 | +$373 (+12.8%) | −$322 (-9.0%) | $3,134 – $3,411 | 2 |
| 3BR | $2,745 | −$155 (-5.3%) | −$850 (-23.6%) | $2,745 – $2,999 | 29 |
| 4BR | $4,200 | +$400 (+10.5%) | −$1,000 (-19.2%) | $4,200 – $4,200 | 1 |
| 4BR | $4,100 | +$300 (+7.9%) | −$1,100 (-21.2%) | $4,100 – $4,100 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — June 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,673 | $1,758 | +$915 (+52.0%) |
| Studio | $2,673 | $1,758 | +$915 (+52.0%) |
| 1BR | $1,895 | $2,100 | −$205 (-9.8%) |
| 1BR | $1,845 | $2,100 | −$255 (-12.1%) |
| 2BR | $2,900 | $2,900 | $0 (0.0%) |
| 2BR | $1,795 | $2,900 | −$1,105 (-38.1%) |
| 3BR | $3,273 | $3,850 | −$577 (-15.0%) |
| 3BR | $2,745 | $3,850 | −$1,105 (-28.7%) |
| 4BR | $4,200 | $5,100 | −$900 (-17.6%) |
| 4BR | $4,100 | $5,100 | −$1,000 (-19.6%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in June 2023.