Monthly Rent Report
Torrance Rent Report — February 2024
Asking rents in ZIP 90501, Los Angeles, from 351 listings.
Median 1BR rent in Torrance was $1,995 in February 2024, up 5.0% (+$95) from January 2024 and up 24.7% year-over-year. The middle half of 1BR listings asked between $1,850 and $2,300. That puts Torrance $200 below the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 351 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,399 | −$1,001 (-41.7%) | −$351 (-20.1%) | $1,399 – $1,399 | 1 |
| Studio | $1,700 | −$700 (-29.2%) | −$50 (-2.9%) | $1,500 – $2,400 | 21 |
| 1BR | $1,995 | +$95 (+5.0%) | +$395 (+24.7%) | $1,850 – $2,300 | 110 |
| 1BR | $2,204 | +$304 (+16.0%) | +$604 (+37.8%) | $2,204 – $2,204 | 1 |
| 2BR | $2,650 | +$1,005 (+61.1%) | +$55 (+2.1%) | $2,395 – $2,950 | 11 |
| 2BR | $2,725 | +$1,080 (+65.7%) | +$130 (+5.0%) | $2,395 – $3,175 | 122 |
| 3BR | $4,250 | +$525 (+14.1%) | +$1,505 (+54.8%) | $4,250 – $4,250 | 1 |
| 3BR | $3,750 | +$25 (+0.7%) | +$1,005 (+36.6%) | $3,175 – $3,995 | 69 |
| 4BR | $4,495 | −$5 (-0.1%) | −$255 (-5.4%) | $4,495 – $4,495 | 1 |
| 4BR | $4,500 | $0 (0.0%) | −$250 (-5.3%) | $4,236 – $4,788 | 14 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — February 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,399 | $1,750 | −$350 (-20.0%) |
| Studio | $1,700 | $1,750 | −$49 (-2.8%) |
| 1BR | $1,995 | $2,195 | −$200 (-9.1%) |
| 1BR | $2,204 | $2,195 | +$9 (+0.4%) |
| 2BR | $2,650 | $2,850 | −$200 (-7.0%) |
| 2BR | $2,725 | $2,850 | −$125 (-4.4%) |
| 3BR | $4,250 | $3,995 | +$255 (+6.4%) |
| 3BR | $3,750 | $3,995 | −$245 (-6.1%) |
| 4BR | $4,495 | $5,000 | −$505 (-10.1%) |
| 4BR | $4,500 | $5,000 | −$500 (-10.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.