Monthly Rent Report
Torrance Rent Report — October 2023
Asking rents in ZIP 90501, Los Angeles, from 47 listings.
Median 1BR rent in Torrance was $1,775 in October 2023, up 11.0% (+$176) from September 2023 and down 10.1% year-over-year. The middle half of 1BR listings asked between $1,775 and $1,775. That puts Torrance $223 below the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 47 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,550 | −$145 (-8.6%) | −$772 (-33.3%) | $1,550 – $1,550 | 2 |
| Studio | $1,415 | −$280 (-16.5%) | −$907 (-39.1%) | $1,415 – $2,650 | 9 |
| 1BR | $1,775 | +$176 (+11.0%) | −$200 (-10.1%) | $1,775 – $1,775 | 2 |
| 1BR | $1,995 | +$396 (+24.8%) | +$20 (+1.0%) | $1,995 – $1,995 | 1 |
| 2BR | $2,695 | +$295 (+12.3%) | −$505 (-15.8%) | $2,495 – $2,695 | 3 |
| 2BR | $4,000 | +$1,600 (+66.7%) | +$800 (+25.0%) | $4,000 – $4,000 | 5 |
| 3BR | $1,695 | −$2,805 (-62.3%) | −$3,002 (-63.9%) | $1,695 – $1,695 | 1 |
| 3BR | $3,475 | −$1,025 (-22.8%) | −$1,222 (-26.0%) | $3,300 – $3,495 | 11 |
| 4BR | $4,600 | +$805 (+21.2%) | +$650 (+16.5%) | $4,600 – $4,600 | 1 |
| 4BR | $4,300 | +$505 (+13.3%) | +$350 (+8.9%) | $3,995 – $4,800 | 11 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — October 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,550 | $1,700 | −$150 (-8.8%) |
| Studio | $1,415 | $1,700 | −$285 (-16.8%) |
| 1BR | $1,775 | $1,998 | −$222 (-11.1%) |
| 1BR | $1,995 | $1,998 | −$2 (-0.1%) |
| 2BR | $2,695 | $2,750 | −$55 (-2.0%) |
| 2BR | $4,000 | $2,750 | +$1,250 (+45.5%) |
| 3BR | $1,695 | $4,195 | −$2,500 (-59.6%) |
| 3BR | $3,475 | $4,195 | −$720 (-17.2%) |
| 4BR | $4,600 | $5,275 | −$675 (-12.8%) |
| 4BR | $4,300 | $5,275 | −$975 (-18.5%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.