Monthly Rent Report
Torrance Rent Report — June 2024
Asking rents in ZIP 90501, Los Angeles, from 289 listings.
Median 1BR rent in Torrance was $1,897 in June 2024, up 30.8% (+$447) from May 2024 and up 2.8% year-over-year. The middle half of 1BR listings asked between $1,725 and $2,095. That puts Torrance $203 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 289 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,634 | +$184 (+12.7%) | −$1,038 (-38.9%) | $1,634 – $1,634 | 1 |
| Studio | $1,573 | +$123 (+8.4%) | −$1,100 (-41.2%) | $1,500 – $1,930 | 24 |
| 1BR | $1,897 | +$447 (+30.8%) | +$52 (+2.8%) | $1,725 – $2,095 | 105 |
| 1BR | $1,844 | +$394 (+27.2%) | −$1 (-0.1%) | $1,797 – $1,870 | 3 |
| 2BR | $2,250 | −$300 (-11.8%) | +$455 (+25.3%) | $1,875 – $2,323 | 3 |
| 2BR | $2,598 | +$48 (+1.9%) | +$803 (+44.7%) | $2,295 – $3,175 | 120 |
| 3BR | $2,997 | −$515 (-14.7%) | +$252 (+9.2%) | $2,997 – $3,025 | 3 |
| 3BR | $2,750 | −$762 (-21.7%) | +$5 (+0.2%) | $2,750 – $2,750 | 2 |
| 4BR | $3,850 | −$150 (-3.8%) | −$250 (-6.1%) | $3,850 – $3,850 | 1 |
| 4BR | $4,000 | $0 (0.0%) | −$100 (-2.4%) | $3,800 – $4,548 | 19 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — June 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,634 | $1,759 | −$125 (-7.1%) |
| Studio | $1,573 | $1,759 | −$186 (-10.6%) |
| 1BR | $1,897 | $2,100 | −$203 (-9.7%) |
| 1BR | $1,844 | $2,100 | −$256 (-12.2%) |
| 2BR | $2,250 | $2,885 | −$635 (-22.0%) |
| 2BR | $2,598 | $2,885 | −$287 (-10.0%) |
| 3BR | $2,997 | $3,900 | −$903 (-23.2%) |
| 3BR | $2,750 | $3,900 | −$1,150 (-29.5%) |
| 4BR | $3,850 | $5,000 | −$1,150 (-23.0%) |
| 4BR | $4,000 | $5,000 | −$1,000 (-20.0%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in June 2024.