Monthly Rent Report
Torrance Rent Report — June 2023
Asking rents in ZIP 90502, Los Angeles, from 19 listings.
Median 1BR rent in Torrance was $2,911 in June 2023, up 1.8% (+$51) from May 2023 and up 49.3% year-over-year. The middle half of 1BR listings asked between $2,907 and $2,916. That puts Torrance $811 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 19 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,500 | +$175 (+13.2%) | +$150 (+11.1%) | $1,500 – $1,500 | 1 |
| Studio | $1,687 | +$362 (+27.3%) | +$337 (+25.0%) | $1,681 – $1,693 | 2 |
| 1BR | $2,911 | +$51 (+1.8%) | +$961 (+49.3%) | $2,907 – $2,916 | 5 |
| 1BR | $2,000 | −$860 (-30.1%) | +$50 (+2.6%) | $2,000 – $2,000 | 1 |
| 2BR | $2,900 | +$150 (+5.5%) | +$400 (+16.0%) | $2,900 – $2,900 | 1 |
| 2BR | $3,465 | +$715 (+26.0%) | +$965 (+38.6%) | $3,179 – $3,558 | 6 |
| 3BR | $3,195 | −$80 (-2.4%) | −$505 (-13.6%) | $3,195 – $3,195 | 1 |
| 3BR | $3,195 | −$80 (-2.4%) | −$505 (-13.6%) | $3,195 – $3,195 | 1 |
| 4BR | $4,000 | — | — | $4,000 – $4,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — June 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,500 | $1,758 | −$258 (-14.7%) |
| Studio | $1,687 | $1,758 | −$71 (-4.0%) |
| 1BR | $2,911 | $2,100 | +$811 (+38.6%) |
| 1BR | $2,000 | $2,100 | −$100 (-4.8%) |
| 2BR | $2,900 | $2,900 | $0 (0.0%) |
| 2BR | $3,465 | $2,900 | +$565 (+19.5%) |
| 3BR | $3,195 | $3,850 | −$655 (-17.0%) |
| 3BR | $3,195 | $3,850 | −$655 (-17.0%) |
| 4BR | $4,000 | $5,100 | −$1,100 (-21.6%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in June 2023.