Monthly Rent Report
Torrance Rent Report — January 2024
Asking rents in ZIP 90501, Los Angeles, from 113 listings.
Median 1BR rent in Torrance was $1,900 in January 2024, down 4.8% (−$95) from December 2023 and up 12.1% year-over-year. The middle half of 1BR listings asked between $1,795 and $1,995. That puts Torrance $197 below the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 113 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,400 | +$1,001 (+71.6%) | +$900 (+60.0%) | $2,400 – $2,400 | 2 |
| Studio | $2,400 | +$1,001 (+71.6%) | +$900 (+60.0%) | $2,400 – $2,400 | 2 |
| 1BR | $1,900 | −$95 (-4.8%) | +$205 (+12.1%) | $1,795 – $1,995 | 29 |
| 1BR | $1,898 | −$97 (-4.9%) | +$203 (+11.9%) | $1,846 – $1,949 | 2 |
| 2BR | $1,645 | −$855 (-34.2%) | −$1,555 (-48.6%) | $1,645 – $1,645 | 2 |
| 2BR | $2,300 | −$200 (-8.0%) | −$900 (-28.1%) | $2,100 – $2,595 | 43 |
| 3BR | $3,100 | −$200 (-6.1%) | +$355 (+12.9%) | $3,100 – $3,100 | 1 |
| 3BR | $3,725 | +$425 (+12.9%) | +$980 (+35.7%) | $3,138 – $4,713 | 24 |
| 4BR | $4,800 | $0 (0.0%) | $0 (0.0%) | $4,600 – $5,000 | 5 |
| 4BR | $4,500 | −$300 (-6.3%) | −$300 (-6.3%) | $4,500 – $4,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — January 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,400 | $1,750 | +$650 (+37.1%) |
| Studio | $2,400 | $1,750 | +$650 (+37.1%) |
| 1BR | $1,900 | $2,097 | −$196 (-9.4%) |
| 1BR | $1,898 | $2,097 | −$199 (-9.5%) |
| 2BR | $1,645 | $2,795 | −$1,150 (-41.1%) |
| 2BR | $2,300 | $2,795 | −$495 (-17.7%) |
| 3BR | $3,100 | $3,950 | −$850 (-21.5%) |
| 3BR | $3,725 | $3,950 | −$225 (-5.7%) |
| 4BR | $4,800 | $5,200 | −$400 (-7.7%) |
| 4BR | $4,500 | $5,200 | −$700 (-13.5%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in January 2024.