Monthly Rent Report
Torrance Rent Report — May 2024
Asking rents in ZIP 90501, Los Angeles, from 260 listings.
Median 1BR rent in Torrance was $1,450 in May 2024, down 23.5% (−$445) from April 2024 and down 29.3% year-over-year. The middle half of 1BR listings asked between $1,450 and $1,450. That puts Torrance $645 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 260 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,450 | −$245 (-14.5%) | −$49 (-3.3%) | $1,450 – $1,450 | 1 |
| Studio | $1,910 | +$215 (+12.7%) | +$411 (+27.4%) | $1,569 – $2,246 | 24 |
| 1BR | $1,450 | −$445 (-23.5%) | −$600 (-29.3%) | $1,450 – $1,450 | 2 |
| 1BR | $1,645 | −$250 (-13.2%) | −$405 (-19.8%) | $1,645 – $1,645 | 1 |
| 2BR | $2,850 | +$250 (+9.6%) | +$105 (+3.8%) | $2,775 – $2,925 | 2 |
| 2BR | $2,550 | −$50 (-1.9%) | −$195 (-7.1%) | $2,395 – $3,175 | 101 |
| 3BR | $8,300 | +$4,515 (+119.3%) | +$4,909 (+144.8%) | $8,300 – $8,300 | 1 |
| 3BR | $3,513 | −$272 (-7.2%) | +$122 (+3.6%) | $2,745 – $3,950 | 96 |
| 4BR | $4,100 | −$400 (-8.9%) | $0 (0.0%) | $3,900 – $4,895 | 15 |
| 4BR | $4,000 | −$500 (-11.1%) | −$100 (-2.4%) | $3,800 – $4,495 | 5 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — May 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,450 | $1,795 | −$345 (-19.2%) |
| Studio | $1,910 | $1,795 | +$115 (+6.4%) |
| 1BR | $1,450 | $2,095 | −$645 (-30.8%) |
| 1BR | $1,645 | $2,095 | −$450 (-21.5%) |
| 2BR | $2,850 | $2,850 | $0 (0.0%) |
| 2BR | $2,550 | $2,850 | −$300 (-10.5%) |
| 3BR | $8,300 | $3,969 | +$4,332 (+109.1%) |
| 3BR | $3,513 | $3,969 | −$456 (-11.5%) |
| 4BR | $4,100 | $5,175 | −$1,075 (-20.8%) |
| 4BR | $4,000 | $5,175 | −$1,175 (-22.7%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.