Monthly Rent Report
Torrance Rent Report — March 2024
Asking rents in ZIP 90501, Los Angeles, from 132 listings.
Median 1BR rent in Torrance was $1,995 in March 2024, down 9.5% (−$209) from February 2024 and down 0.4% year-over-year. The middle half of 1BR listings asked between $1,775 and $2,299. That puts Torrance $150 below the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 132 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,550 | +$151 (+10.8%) | −$145 (-8.6%) | $1,550 – $1,550 | 1 |
| Studio | $1,800 | +$401 (+28.7%) | +$105 (+6.2%) | $1,606 – $2,400 | 14 |
| 1BR | $1,995 | −$209 (-9.5%) | −$7 (-0.4%) | $1,775 – $2,299 | 54 |
| 1BR | $1,695 | −$509 (-23.1%) | −$307 (-15.4%) | $1,695 – $1,695 | 1 |
| 2BR | $2,495 | −$230 (-8.4%) | +$23 (+0.9%) | $2,495 – $2,495 | 1 |
| 2BR | $1,050 | −$1,675 (-61.5%) | −$1,422 (-57.5%) | $1,050 – $1,050 | 1 |
| 3BR | $3,300 | −$950 (-22.4%) | +$555 (+20.2%) | $2,745 – $3,933 | 47 |
| 3BR | $3,795 | −$455 (-10.7%) | +$1,050 (+38.3%) | $3,795 – $3,795 | 1 |
| 4BR | $4,050 | −$445 (-9.9%) | −$397 (-8.9%) | $4,000 – $4,238 | 8 |
| 4BR | $4,100 | −$395 (-8.8%) | −$347 (-7.8%) | $4,100 – $4,100 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — March 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,550 | $1,723 | −$172 (-10.0%) |
| Studio | $1,800 | $1,723 | +$78 (+4.5%) |
| 1BR | $1,995 | $2,145 | −$150 (-7.0%) |
| 1BR | $1,695 | $2,145 | −$450 (-21.0%) |
| 2BR | $2,495 | $2,850 | −$355 (-12.5%) |
| 2BR | $1,050 | $2,850 | −$1,800 (-63.2%) |
| 3BR | $3,300 | $3,762 | −$462 (-12.3%) |
| 3BR | $3,795 | $3,762 | +$33 (+0.9%) |
| 4BR | $4,050 | $4,950 | −$900 (-18.2%) |
| 4BR | $4,100 | $4,950 | −$850 (-17.2%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.