Monthly Rent Report
Torrance Rent Report — November 2024
Asking rents in ZIP 90501, Los Angeles, from 44 listings.
Median 1BR rent in Torrance was $2,423 in November 2024, up 1.1% (+$28) from October 2024 and up 27.8% year-over-year. The middle half of 1BR listings asked between $2,159 and $2,686. That puts Torrance $350 above the Los Angeles citywide 1BR median of $2,073. The month's figures are based on 44 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,500 | −$95 (-6.0%) | +$101 (+7.2%) | $1,500 – $1,500 | 2 |
| Studio | $1,745 | +$150 (+9.4%) | +$346 (+24.7%) | $1,745 – $1,745 | 1 |
| 1BR | $2,423 | +$28 (+1.1%) | +$528 (+27.8%) | $2,159 – $2,686 | 2 |
| 1BR | $2,150 | −$245 (-10.2%) | +$255 (+13.5%) | $2,150 – $2,600 | 9 |
| 2BR | $2,000 | −$195 (-8.9%) | −$495 (-19.8%) | $1,998 – $2,198 | 3 |
| 2BR | $2,750 | +$555 (+25.3%) | +$255 (+10.2%) | $2,450 – $3,100 | 17 |
| 3BR | $3,800 | +$605 (+18.9%) | +$600 (+18.8%) | $3,800 – $3,900 | 3 |
| 3BR | $2,995 | −$200 (-6.3%) | −$205 (-6.4%) | $2,995 – $2,995 | 2 |
| 4BR | $4,000 | −$447 (-10.1%) | −$197 (-4.7%) | $4,000 – $4,100 | 3 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — November 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,500 | $1,750 | −$250 (-14.3%) |
| Studio | $1,745 | $1,750 | −$5 (-0.3%) |
| 1BR | $2,423 | $2,073 | +$350 (+16.9%) |
| 1BR | $2,150 | $2,073 | +$78 (+3.7%) |
| 2BR | $2,000 | $2,850 | −$850 (-29.8%) |
| 2BR | $2,750 | $2,850 | −$100 (-3.5%) |
| 3BR | $3,800 | $3,895 | −$95 (-2.4%) |
| 3BR | $2,995 | $3,895 | −$900 (-23.1%) |
| 4BR | $4,000 | $5,220 | −$1,219 (-23.4%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in November 2024.