Monthly Rent Report
Torrance Rent Report — September 2023
Asking rents in ZIP 90502, Los Angeles, from 23 listings.
Median 1BR rent in Torrance was $2,000 in September 2023, down 28.4% (−$794) from August 2023 and down 20.4% year-over-year. The middle half of 1BR listings asked between $1,650 and $2,745. That puts Torrance in line with the Los Angeles citywide 1BR median of $2,000. The month's figures are based on 23 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,350 | −$375 (-21.7%) | −$350 (-20.6%) | $1,350 – $1,350 | 1 |
| 1BR | $2,000 | −$794 (-28.4%) | −$512 (-20.4%) | $1,650 – $2,745 | 5 |
| 1BR | $1,675 | −$1,119 (-40.1%) | −$837 (-33.3%) | $1,675 – $1,675 | 1 |
| 2BR | $2,500 | −$1,349 (-35.0%) | +$200 (+8.7%) | $2,500 – $2,500 | 1 |
| 2BR | $3,392 | −$457 (-11.9%) | +$1,092 (+47.5%) | $2,796 – $3,497 | 8 |
| 3BR | $3,950 | +$450 (+12.9%) | +$450 (+12.9%) | $3,950 – $3,950 | 1 |
| 3BR | $3,000 | −$500 (-14.3%) | −$500 (-14.3%) | $3,000 – $3,612 | 3 |
| 4BR | $4,300 | +$100 (+2.4%) | — | $4,300 – $4,300 | 2 |
| 4BR | $3,390 | −$810 (-19.3%) | — | $3,390 – $3,390 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — September 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,350 | $1,795 | −$445 (-24.8%) |
| 1BR | $2,000 | $2,000 | $0 (0.0%) |
| 1BR | $1,675 | $2,000 | −$325 (-16.3%) |
| 2BR | $2,500 | $2,750 | −$250 (-9.1%) |
| 2BR | $3,392 | $2,750 | +$642 (+23.3%) |
| 3BR | $3,950 | $3,948 | +$3 (+0.1%) |
| 3BR | $3,000 | $3,948 | −$947 (-24.0%) |
| 4BR | $4,300 | $5,000 | −$700 (-14.0%) |
| 4BR | $3,390 | $5,000 | −$1,610 (-32.2%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in September 2023.