Monthly Rent Report
Torrance Rent Report — December 2023
Asking rents in ZIP 90501, Los Angeles, from 105 listings.
Median 1BR rent in Torrance was $1,995 in December 2023, up 5.3% (+$100) from November 2023 and up 5.3% year-over-year. The middle half of 1BR listings asked between $1,995 and $1,995. That puts Torrance $134 below the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 105 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,400 | +$1,001 (+71.6%) | +$1,000 (+71.4%) | $1,650 – $2,400 | 11 |
| Studio | $1,399 | $0 (0.0%) | −$1 (-0.1%) | $1,399 – $1,399 | 1 |
| 1BR | $1,995 | +$100 (+5.3%) | +$100 (+5.3%) | $1,995 – $1,995 | 1 |
| 1BR | $1,812 | −$83 (-4.4%) | −$83 (-4.4%) | $1,806 – $1,819 | 2 |
| 2BR | $2,495 | +$300 (+13.7%) | +$200 (+8.7%) | $2,495 – $2,495 | 1 |
| 2BR | $2,500 | +$305 (+13.9%) | +$205 (+8.9%) | $2,000 – $3,200 | 17 |
| 3BR | $3,150 | −$50 (-1.6%) | −$100 (-3.1%) | $2,745 – $3,400 | 59 |
| 3BR | $3,300 | +$100 (+3.1%) | +$50 (+1.5%) | $3,300 – $3,300 | 1 |
| 4BR | $4,800 | +$603 (+14.4%) | +$305 (+6.8%) | $4,638 – $4,800 | 4 |
| 4BR | $4,800 | +$603 (+14.4%) | +$305 (+6.8%) | $4,638 – $4,800 | 4 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — December 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,400 | $1,750 | +$650 (+37.1%) |
| Studio | $1,399 | $1,750 | −$351 (-20.1%) |
| 1BR | $1,995 | $2,129 | −$134 (-6.3%) |
| 1BR | $1,812 | $2,129 | −$317 (-14.9%) |
| 2BR | $2,495 | $2,795 | −$300 (-10.7%) |
| 2BR | $2,500 | $2,795 | −$295 (-10.6%) |
| 3BR | $3,150 | $3,923 | −$772 (-19.7%) |
| 3BR | $3,300 | $3,923 | −$622 (-15.9%) |
| 4BR | $4,800 | $4,750 | +$50 (+1.1%) |
| 4BR | $4,800 | $4,750 | +$50 (+1.1%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.