Monthly Rent Report
Torrance Rent Report — September 2023
Asking rents in ZIP 90501, Los Angeles, from 43 listings.
Median 1BR rent in Torrance was $1,599 in September 2023, down 23.7% (−$496) from August 2023 and down 8.6% year-over-year. The middle half of 1BR listings asked between $1,599 and $1,599. That puts Torrance $401 below the Los Angeles citywide 1BR median of $2,000. The month's figures are based on 43 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,695 | +$196 (+13.1%) | +$170 (+11.1%) | $1,695 – $1,695 | 1 |
| Studio | $1,725 | +$226 (+15.1%) | +$200 (+13.1%) | $1,725 – $2,053 | 8 |
| 1BR | $1,599 | −$496 (-23.7%) | −$151 (-8.6%) | $1,599 – $1,599 | 1 |
| 1BR | $1,895 | −$200 (-9.5%) | +$145 (+8.3%) | $1,895 – $1,895 | 6 |
| 2BR | $2,823 | +$423 (+17.6%) | +$223 (+8.6%) | $2,609 – $3,036 | 2 |
| 2BR | $2,400 | $0 (0.0%) | −$200 (-7.7%) | $2,189 – $3,425 | 12 |
| 3BR | $3,547 | +$452 (+14.6%) | +$47 (+1.3%) | $3,150 – $4,000 | 11 |
| 3BR | $4,500 | +$1,405 (+45.4%) | +$1,000 (+28.6%) | $4,500 – $4,500 | 1 |
| 4BR | $3,795 | −$2,200 (-36.7%) | −$150 (-3.8%) | $3,795 – $3,795 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — September 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,695 | $1,795 | −$100 (-5.6%) |
| Studio | $1,725 | $1,795 | −$70 (-3.9%) |
| 1BR | $1,599 | $2,000 | −$401 (-20.1%) |
| 1BR | $1,895 | $2,000 | −$105 (-5.3%) |
| 2BR | $2,823 | $2,750 | +$73 (+2.6%) |
| 2BR | $2,400 | $2,750 | −$350 (-12.7%) |
| 3BR | $3,547 | $3,948 | −$400 (-10.1%) |
| 3BR | $4,500 | $3,948 | +$553 (+14.0%) |
| 4BR | $3,795 | $5,000 | −$1,205 (-24.1%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in September 2023.