Monthly Rent Report
Torrance Rent Report — October 2024
Asking rents in ZIP 90501, Los Angeles, from 69 listings.
Median 1BR rent in Torrance was $2,395 in October 2024, up 17.0% (+$348) from September 2024 and up 34.9% year-over-year. The middle half of 1BR listings asked between $2,323 and $2,395. That puts Torrance $384 above the Los Angeles citywide 1BR median of $2,011. The month's figures are based on 69 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,748 | +$123 (+7.5%) | +$333 (+23.5%) | $1,574 – $1,921 | 2 |
| Studio | $1,595 | −$30 (-1.8%) | +$180 (+12.7%) | $1,595 – $1,595 | 1 |
| 1BR | $2,395 | +$348 (+17.0%) | +$620 (+34.9%) | $2,323 – $2,395 | 11 |
| 1BR | $2,095 | +$48 (+2.3%) | +$320 (+18.0%) | $2,095 – $2,095 | 1 |
| 2BR | $2,463 | +$463 (+23.1%) | −$232 (-8.6%) | $1,990 – $2,795 | 32 |
| 2BR | $2,195 | +$195 (+9.8%) | −$500 (-18.6%) | $2,095 – $2,295 | 2 |
| 3BR | $3,195 | +$245 (+8.3%) | +$1,500 (+88.5%) | $3,195 – $3,195 | 5 |
| 3BR | $3,900 | +$950 (+32.2%) | +$2,205 (+130.1%) | $3,900 – $3,900 | 1 |
| 4BR | $4,448 | −$147 (-3.2%) | −$152 (-3.3%) | $4,288 – $4,684 | 8 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — October 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,748 | $1,700 | +$48 (+2.8%) |
| Studio | $1,595 | $1,700 | −$105 (-6.2%) |
| 1BR | $2,395 | $2,011 | +$384 (+19.1%) |
| 1BR | $2,095 | $2,011 | +$84 (+4.2%) |
| 2BR | $2,463 | $2,727 | −$264 (-9.7%) |
| 2BR | $2,195 | $2,727 | −$532 (-19.5%) |
| 3BR | $3,195 | $3,816 | −$621 (-16.3%) |
| 3BR | $3,900 | $3,816 | +$84 (+2.2%) |
| 4BR | $4,448 | $5,225 | −$777 (-14.9%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in October 2024.