Monthly Rent Report
Torrance Rent Report — March 2023
Asking rents in ZIP 90502, Los Angeles, from 63 listings.
Median 1BR rent in Torrance was $2,200 in March 2023, flat versus February 2023 and up 22.6% year-over-year. The middle half of 1BR listings asked between $2,200 and $2,200. That puts Torrance $103 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 63 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,500 | — | +$165 (+12.4%) | $1,500 – $1,500 | 2 |
| Studio | $1,500 | — | +$165 (+12.4%) | $1,500 – $1,500 | 1 |
| 1BR | $2,200 | $0 (0.0%) | +$405 (+22.6%) | $2,200 – $2,200 | 1 |
| 1BR | $2,727 | +$527 (+23.9%) | +$932 (+51.9%) | $2,628 – $2,754 | 20 |
| 2BR | $2,350 | −$175 (-6.9%) | +$50 (+2.2%) | $2,350 – $2,350 | 1 |
| 2BR | $3,103 | +$578 (+22.9%) | +$803 (+34.9%) | $2,595 – $3,660 | 30 |
| 3BR | $3,300 | +$200 (+6.5%) | +$100 (+3.1%) | $3,300 – $3,300 | 1 |
| 3BR | $3,300 | +$200 (+6.5%) | +$100 (+3.1%) | $3,300 – $3,300 | 1 |
| 4BR | $3,600 | −$650 (-15.3%) | — | $3,600 – $3,800 | 3 |
| 4BR | $3,600 | −$650 (-15.3%) | — | $3,600 – $3,600 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — March 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,500 | $1,745 | −$245 (-14.0%) |
| Studio | $1,500 | $1,745 | −$245 (-14.0%) |
| 1BR | $2,200 | $2,097 | +$103 (+4.9%) |
| 1BR | $2,727 | $2,097 | +$630 (+30.0%) |
| 2BR | $2,350 | $2,750 | −$400 (-14.5%) |
| 2BR | $3,103 | $2,750 | +$353 (+12.8%) |
| 3BR | $3,300 | $3,923 | −$622 (-15.9%) |
| 3BR | $3,300 | $3,923 | −$622 (-15.9%) |
| 4BR | $3,600 | $4,760 | −$1,160 (-24.4%) |
| 4BR | $3,600 | $4,760 | −$1,160 (-24.4%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.