Monthly Rent Report
Torrance Rent Report — August 2023
Asking rents in ZIP 90502, Los Angeles, from 47 listings.
Median 1BR rent in Torrance was $2,795 in August 2023, down 3.5% (−$100) from July 2023 and up 47.1% year-over-year. The middle half of 1BR listings asked between $2,793 and $2,796. That puts Torrance $695 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 47 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,725 | $0 (0.0%) | +$280 (+19.4%) | $1,725 – $1,725 | 1 |
| Studio | $1,725 | $0 (0.0%) | +$280 (+19.4%) | $1,725 – $1,725 | 1 |
| 1BR | $2,795 | −$100 (-3.5%) | +$895 (+47.1%) | $2,793 – $2,796 | 2 |
| 1BR | $2,300 | −$595 (-20.6%) | +$400 (+21.1%) | $2,125 – $2,805 | 11 |
| 2BR | $2,775 | −$888 (-24.2%) | +$725 (+35.4%) | $2,600 – $3,469 | 21 |
| 2BR | $3,849 | +$186 (+5.1%) | +$1,799 (+87.8%) | $3,713 – $3,894 | 3 |
| 3BR | $3,500 | +$405 (+13.1%) | +$50 (+1.4%) | $3,350 – $3,625 | 4 |
| 3BR | $3,750 | +$655 (+21.2%) | +$300 (+8.7%) | $3,625 – $3,875 | 2 |
| 4BR | $4,200 | +$375 (+9.8%) | — | $4,200 – $4,200 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — August 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,725 | $1,775 | −$50 (-2.8%) |
| Studio | $1,725 | $1,775 | −$50 (-2.8%) |
| 1BR | $2,795 | $2,100 | +$695 (+33.1%) |
| 1BR | $2,300 | $2,100 | +$200 (+9.5%) |
| 2BR | $2,775 | $2,895 | −$120 (-4.1%) |
| 2BR | $3,849 | $2,895 | +$954 (+33.0%) |
| 3BR | $3,500 | $3,897 | −$397 (-10.2%) |
| 3BR | $3,750 | $3,897 | −$147 (-3.8%) |
| 4BR | $4,200 | $5,163 | −$962 (-18.6%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.