Monthly Rent Report
Torrance Rent Report — April 2024
Asking rents in ZIP 90501, Los Angeles, from 224 listings.
Median 1BR rent in Torrance was $1,895 in April 2024, down 5.0% (−$100) from March 2024 and up 1.1% year-over-year. The middle half of 1BR listings asked between $1,895 and $1,895. That puts Torrance $200 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 224 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,695 | +$145 (+9.4%) | −$1,000 (-37.1%) | $1,695 – $1,695 | 1 |
| Studio | $1,600 | +$50 (+3.2%) | −$1,095 (-40.6%) | $962 – $1,636 | 24 |
| 1BR | $1,895 | −$100 (-5.0%) | +$20 (+1.1%) | $1,895 – $1,895 | 1 |
| 1BR | $1,895 | −$100 (-5.0%) | +$20 (+1.1%) | $1,750 – $2,100 | 88 |
| 2BR | $2,295 | −$200 (-8.0%) | −$71 (-3.0%) | $2,295 – $2,295 | 1 |
| 2BR | $2,600 | +$105 (+4.2%) | +$234 (+9.9%) | $2,550 – $2,650 | 9 |
| 3BR | $3,785 | +$485 (+14.7%) | +$788 (+26.3%) | $3,406 – $4,000 | 82 |
| 3BR | $3,170 | −$130 (-3.9%) | +$173 (+5.8%) | $3,133 – $3,208 | 2 |
| 4BR | $4,000 | −$50 (-1.2%) | −$200 (-4.8%) | $3,700 – $4,000 | 15 |
| 4BR | $4,500 | +$450 (+11.1%) | +$300 (+7.1%) | $4,500 – $4,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — April 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,695 | $1,795 | −$100 (-5.6%) |
| Studio | $1,600 | $1,795 | −$195 (-10.9%) |
| 1BR | $1,895 | $2,095 | −$200 (-9.5%) |
| 1BR | $1,895 | $2,095 | −$200 (-9.5%) |
| 2BR | $2,295 | $2,833 | −$538 (-19.0%) |
| 2BR | $2,600 | $2,833 | −$233 (-8.2%) |
| 3BR | $3,785 | $3,950 | −$165 (-4.2%) |
| 3BR | $3,170 | $3,950 | −$780 (-19.7%) |
| 4BR | $4,000 | $4,999 | −$999 (-20.0%) |
| 4BR | $4,500 | $4,999 | −$499 (-10.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in April 2024.