Monthly Rent Report
Torrance Rent Report — August 2023
Asking rents in ZIP 90501, Los Angeles, from 28 listings.
Median 1BR rent in Torrance was $1,599 in August 2023, down 15.6% (−$296) from July 2023 and down 15.7% year-over-year. The middle half of 1BR listings asked between $1,599 and $1,649. That puts Torrance $501 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 28 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,499 | −$96 (-6.0%) | −$1,051 (-41.2%) | $1,425 – $1,499 | 3 |
| Studio | $2,095 | +$500 (+31.3%) | −$455 (-17.8%) | $1,534 – $2,659 | 4 |
| 1BR | $1,599 | −$296 (-15.6%) | −$298 (-15.7%) | $1,599 – $1,649 | 4 |
| 1BR | $2,095 | +$200 (+10.6%) | +$198 (+10.4%) | $2,095 – $2,150 | 8 |
| 2BR | $2,400 | +$990 (+70.2%) | −$200 (-7.7%) | $2,400 – $2,400 | 1 |
| 2BR | $2,245 | +$835 (+59.2%) | −$355 (-13.7%) | $2,245 – $2,245 | 1 |
| 3BR | $3,095 | +$21 (+0.7%) | −$155 (-4.8%) | $3,095 – $3,095 | 1 |
| 3BR | $7,550 | +$4,476 (+145.6%) | +$4,300 (+132.3%) | $7,550 – $7,550 | 4 |
| 4BR | $5,995 | +$1,795 (+42.7%) | +$2,100 (+53.9%) | $5,995 – $5,995 | 1 |
| 4BR | $4,400 | +$200 (+4.8%) | +$505 (+13.0%) | $4,400 – $4,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — August 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,499 | $1,775 | −$276 (-15.5%) |
| Studio | $2,095 | $1,775 | +$320 (+18.0%) |
| 1BR | $1,599 | $2,100 | −$501 (-23.9%) |
| 1BR | $2,095 | $2,100 | −$5 (-0.2%) |
| 2BR | $2,400 | $2,895 | −$495 (-17.1%) |
| 2BR | $2,245 | $2,895 | −$650 (-22.5%) |
| 3BR | $3,095 | $3,897 | −$802 (-20.6%) |
| 3BR | $7,550 | $3,897 | +$3,653 (+93.7%) |
| 4BR | $5,995 | $5,163 | +$833 (+16.1%) |
| 4BR | $4,400 | $5,163 | −$762 (-14.8%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.