Monthly Rent Report
Torrance Rent Report — September 2024
Asking rents in ZIP 90501, Los Angeles, from 33 listings.
Median 1BR rent in Torrance was $2,038 in September 2024, up 3.2% (+$63) from August 2024 and up 27.4% year-over-year. The middle half of 1BR listings asked between $2,006 and $2,069. That puts Torrance $39 above the Los Angeles citywide 1BR median of $1,999. The month's figures are based on 33 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,625 | −$5 (-0.3%) | −$100 (-5.8%) | $1,625 – $1,625 | 1 |
| 1BR | $2,038 | +$63 (+3.2%) | +$439 (+27.4%) | $2,006 – $2,069 | 2 |
| 1BR | $2,047 | +$72 (+3.6%) | +$448 (+28.0%) | $1,999 – $2,095 | 6 |
| 2BR | $2,000 | +$105 (+5.5%) | −$822 (-29.1%) | $2,000 – $2,000 | 1 |
| 2BR | $2,600 | +$705 (+37.2%) | −$222 (-7.9%) | $2,600 – $2,600 | 4 |
| 3BR | $2,950 | −$250 (-7.8%) | −$1,550 (-34.4%) | $2,950 – $2,950 | 1 |
| 4BR | $4,595 | −$655 (-12.5%) | +$800 (+21.1%) | $4,238 – $4,961 | 16 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — September 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,625 | $1,755 | −$130 (-7.4%) |
| 1BR | $2,038 | $1,999 | +$39 (+2.0%) |
| 1BR | $2,047 | $1,999 | +$49 (+2.4%) |
| 2BR | $2,000 | $2,795 | −$795 (-28.4%) |
| 2BR | $2,600 | $2,795 | −$195 (-7.0%) |
| 3BR | $2,950 | $3,850 | −$900 (-23.4%) |
| 4BR | $4,595 | $4,995 | −$400 (-8.0%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in September 2024.