Monthly Rent Report
Torrance Rent Report — July 2023
Asking rents in ZIP 90502, Los Angeles, from 27 listings.
Median 1BR rent in Torrance was $2,895 in July 2023, down 0.5% (−$16) from June 2023 and up 7.0% year-over-year. The middle half of 1BR listings asked between $2,685 and $2,928. That puts Torrance $770 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 27 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,700 | +$200 (+13.3%) | +$255 (+17.6%) | $1,700 – $1,700 | 1 |
| Studio | $1,725 | +$225 (+15.0%) | +$280 (+19.4%) | $1,725 – $1,725 | 1 |
| 1BR | $2,895 | −$16 (-0.5%) | +$190 (+7.0%) | $2,685 – $2,928 | 4 |
| 1BR | $2,855 | −$56 (-1.9%) | +$150 (+5.5%) | $2,663 – $2,903 | 10 |
| 2BR | $3,663 | +$198 (+5.7%) | +$463 (+14.5%) | $3,357 – $3,820 | 4 |
| 2BR | $2,673 | −$792 (-22.9%) | −$527 (-16.5%) | $2,634 – $2,711 | 2 |
| 3BR | $3,095 | −$100 (-3.1%) | −$405 (-11.6%) | $3,095 – $3,095 | 1 |
| 3BR | $3,450 | +$255 (+8.0%) | −$50 (-1.4%) | $3,450 – $3,450 | 1 |
| 4BR | $3,825 | −$175 (-4.4%) | — | $3,738 – $3,913 | 2 |
| 4BR | $2,050 | −$1,950 (-48.8%) | — | $2,050 – $2,050 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — July 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,700 | $1,800 | −$100 (-5.6%) |
| Studio | $1,725 | $1,800 | −$75 (-4.2%) |
| 1BR | $2,895 | $2,125 | +$770 (+36.2%) |
| 1BR | $2,855 | $2,125 | +$730 (+34.4%) |
| 2BR | $3,663 | $2,873 | +$790 (+27.5%) |
| 2BR | $2,673 | $2,873 | −$201 (-7.0%) |
| 3BR | $3,095 | $3,836 | −$741 (-19.3%) |
| 3BR | $3,450 | $3,836 | −$386 (-10.1%) |
| 4BR | $3,825 | $4,572 | −$747 (-16.3%) |
| 4BR | $2,050 | $4,572 | −$2,522 (-55.2%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.