Monthly Rent Report
Torrance Rent Report — October 2023
Asking rents in ZIP 90502, Los Angeles, from 43 listings.
Median 1BR rent in Torrance was $2,300 in October 2023, up 37.3% (+$625) from September 2023 and down 20.9% year-over-year. The middle half of 1BR listings asked between $1,925 and $2,726. That puts Torrance $303 above the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 43 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,550 | +$200 (+14.8%) | — | $1,550 – $1,550 | 2 |
| Studio | $1,575 | +$225 (+16.7%) | — | $1,575 – $1,575 | 1 |
| 1BR | $2,300 | +$625 (+37.3%) | −$606 (-20.9%) | $1,925 – $2,726 | 15 |
| 1BR | $2,000 | +$325 (+19.4%) | −$906 (-31.2%) | $1,996 – $2,169 | 10 |
| 2BR | $2,695 | −$696 (-20.5%) | −$981 (-26.7%) | $2,598 – $2,900 | 7 |
| 2BR | $2,350 | −$1,041 (-30.7%) | −$1,326 (-36.1%) | $2,350 – $2,350 | 1 |
| 3BR | $3,550 | +$550 (+18.3%) | −$150 (-4.1%) | $3,550 – $3,550 | 1 |
| 3BR | $4,111 | +$1,111 (+37.0%) | +$411 (+11.1%) | $4,111 – $4,111 | 1 |
| 4BR | $4,800 | +$1,410 (+41.6%) | — | $4,800 – $4,800 | 5 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — October 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,550 | $1,700 | −$150 (-8.8%) |
| Studio | $1,575 | $1,700 | −$125 (-7.4%) |
| 1BR | $2,300 | $1,998 | +$303 (+15.1%) |
| 1BR | $2,000 | $1,998 | +$3 (+0.1%) |
| 2BR | $2,695 | $2,750 | −$55 (-2.0%) |
| 2BR | $2,350 | $2,750 | −$400 (-14.5%) |
| 3BR | $3,550 | $4,195 | −$645 (-15.4%) |
| 3BR | $4,111 | $4,195 | −$84 (-2.0%) |
| 4BR | $4,800 | $5,275 | −$475 (-9.0%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.