Monthly Rent Report
Torrance Rent Report — July 2023
Asking rents in ZIP 90501, Los Angeles, from 41 listings.
Median 1BR rent in Torrance was $1,695 in July 2023, down 10.6% (−$200) from June 2023 and down 18.1% year-over-year. The middle half of 1BR listings asked between $1,695 and $1,695. That puts Torrance $430 below the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 41 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,300 | +$628 (+23.5%) | +$1,525 (+85.9%) | $3,300 – $3,300 | 1 |
| Studio | $1,595 | −$1,077 (-40.3%) | −$180 (-10.1%) | $1,595 – $1,595 | 1 |
| 1BR | $1,695 | −$200 (-10.6%) | −$375 (-18.1%) | $1,695 – $1,695 | 1 |
| 1BR | $1,895 | $0 (0.0%) | −$175 (-8.5%) | $1,820 – $1,895 | 6 |
| 2BR | $1,410 | −$1,490 (-51.4%) | −$1,040 (-42.4%) | $1,410 – $1,410 | 1 |
| 2BR | $2,400 | −$500 (-17.2%) | −$50 (-2.0%) | $2,245 – $2,895 | 9 |
| 3BR | $3,075 | −$198 (-6.1%) | −$400 (-11.5%) | $2,745 – $3,725 | 18 |
| 3BR | $4,400 | +$1,128 (+34.5%) | +$925 (+26.6%) | $4,375 – $4,425 | 2 |
| 4BR | $4,400 | +$300 (+7.3%) | +$605 (+15.9%) | $4,400 – $4,400 | 1 |
| 4BR | $4,200 | +$100 (+2.4%) | +$405 (+10.7%) | $4,200 – $4,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — July 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,300 | $1,800 | +$1,500 (+83.3%) |
| Studio | $1,595 | $1,800 | −$205 (-11.4%) |
| 1BR | $1,695 | $2,125 | −$430 (-20.2%) |
| 1BR | $1,895 | $2,125 | −$230 (-10.8%) |
| 2BR | $1,410 | $2,873 | −$1,463 (-50.9%) |
| 2BR | $2,400 | $2,873 | −$473 (-16.5%) |
| 3BR | $3,075 | $3,836 | −$761 (-19.8%) |
| 3BR | $4,400 | $3,836 | +$564 (+14.7%) |
| 4BR | $4,400 | $4,572 | −$172 (-3.8%) |
| 4BR | $4,200 | $4,572 | −$372 (-8.1%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.