Monthly Rent Report
Torrance Rent Report — May 2023
Asking rents in ZIP 90502, Los Angeles, from 42 listings.
Median 1BR rent in Torrance was $2,869 in May 2023, up 0.9% (+$26) from April 2023 and up 47.1% year-over-year. The middle half of 1BR listings asked between $2,857 and $2,884. That puts Torrance $747 above the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 42 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,325 | — | −$475 (-26.4%) | $1,313 – $1,413 | 3 |
| 1BR | $2,869 | +$26 (+0.9%) | +$919 (+47.1%) | $2,857 – $2,884 | 14 |
| 1BR | $2,860 | +$17 (+0.6%) | +$910 (+46.7%) | $2,854 – $2,882 | 7 |
| 2BR | $2,750 | −$250 (-8.3%) | +$350 (+14.6%) | $2,750 – $2,750 | 1 |
| 2BR | $3,441 | +$441 (+14.7%) | +$1,041 (+43.4%) | $2,650 – $3,474 | 14 |
| 3BR | $3,275 | −$225 (-6.4%) | −$375 (-10.3%) | $3,238 – $3,313 | 2 |
| 3BR | $3,350 | −$150 (-4.3%) | −$300 (-8.2%) | $3,350 – $3,350 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — May 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,325 | $1,750 | −$425 (-24.3%) |
| 1BR | $2,869 | $2,122 | +$747 (+35.2%) |
| 1BR | $2,860 | $2,122 | +$738 (+34.8%) |
| 2BR | $2,750 | $2,780 | −$30 (-1.1%) |
| 2BR | $3,441 | $2,780 | +$661 (+23.8%) |
| 3BR | $3,275 | $3,943 | −$667 (-16.9%) |
| 3BR | $3,350 | $3,943 | −$592 (-15.0%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.