Monthly Rent Report
Torrance Rent Report — July 2024
Asking rents in ZIP 90501, Los Angeles, from 60 listings.
Median 1BR rent in Torrance was $1,645 in July 2024, down 10.8% (−$199) from June 2024 and down 13.2% year-over-year. The middle half of 1BR listings asked between $1,645 and $1,645. That puts Torrance $450 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 60 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,998 | +$425 (+27.0%) | +$403 (+25.2%) | $1,580 – $2,213 | 6 |
| Studio | $1,755 | +$182 (+11.6%) | +$160 (+10.0%) | $1,534 – $1,890 | 6 |
| 1BR | $1,645 | −$199 (-10.8%) | −$250 (-13.2%) | $1,645 – $1,645 | 4 |
| 1BR | $1,688 | −$156 (-8.5%) | −$207 (-10.9%) | $1,669 – $1,706 | 2 |
| 2BR | $2,700 | +$103 (+3.9%) | +$300 (+12.5%) | $2,295 – $3,175 | 33 |
| 2BR | $2,595 | −$2 (-0.1%) | +$195 (+8.1%) | $2,595 – $2,595 | 1 |
| 3BR | $2,995 | +$245 (+8.9%) | −$1,405 (-31.9%) | $2,995 – $2,995 | 2 |
| 3BR | $2,995 | +$245 (+8.9%) | −$1,405 (-31.9%) | $2,995 – $2,995 | 1 |
| 4BR | $4,595 | +$595 (+14.9%) | +$395 (+9.4%) | $4,595 – $4,595 | 1 |
| 4BR | $4,100 | +$100 (+2.5%) | −$100 (-2.4%) | $3,975 – $4,298 | 3 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — July 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,998 | $1,778 | +$219 (+12.3%) |
| Studio | $1,755 | $1,778 | −$24 (-1.3%) |
| 1BR | $1,645 | $2,095 | −$450 (-21.5%) |
| 1BR | $1,688 | $2,095 | −$407 (-19.5%) |
| 2BR | $2,700 | $2,835 | −$135 (-4.8%) |
| 2BR | $2,595 | $2,835 | −$240 (-8.5%) |
| 3BR | $2,995 | $3,900 | −$905 (-23.2%) |
| 3BR | $2,995 | $3,900 | −$905 (-23.2%) |
| 4BR | $4,595 | $5,270 | −$675 (-12.8%) |
| 4BR | $4,100 | $5,270 | −$1,170 (-22.2%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in July 2024.