Monthly Rent Report
Torrance Rent Report — August 2024
Asking rents in ZIP 90501, Los Angeles, from 12 listings.
Median 1BR rent in Torrance was $1,975 in August 2024, up 17.0% (+$288) from July 2024 and up 23.5% year-over-year. The middle half of 1BR listings asked between $1,938 and $2,013. That puts Torrance $120 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 12 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,630 | −$367 (-18.4%) | +$131 (+8.7%) | $1,630 – $1,630 | 3 |
| 1BR | $1,975 | +$288 (+17.0%) | +$376 (+23.5%) | $1,938 – $2,013 | 2 |
| 2BR | $1,895 | −$700 (-27.0%) | −$350 (-15.6%) | $1,895 – $1,895 | 1 |
| 3BR | $3,200 | +$205 (+6.8%) | +$105 (+3.4%) | $3,200 – $3,200 | 1 |
| 4BR | $5,250 | +$1,150 (+28.0%) | −$745 (-12.4%) | $5,123 – $5,625 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — August 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,630 | $1,750 | −$120 (-6.9%) |
| 1BR | $1,975 | $2,095 | −$120 (-5.7%) |
| 2BR | $1,895 | $2,795 | −$900 (-32.2%) |
| 3BR | $3,200 | $4,000 | −$800 (-20.0%) |
| 4BR | $5,250 | $4,895 | +$355 (+7.3%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.