Monthly Rent Report
Torrance Rent Report — November 2023
Asking rents in ZIP 90502, Los Angeles, from 79 listings.
Median 1BR rent in Torrance was $1,750 in November 2023, down 12.5% (−$250) from October 2023 and down 36.8% year-over-year. The middle half of 1BR listings asked between $1,725 and $1,775. That puts Torrance $375 below the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 79 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,495 | −$55 (-3.5%) | — | $1,495 – $1,495 | 1 |
| Studio | $1,850 | +$300 (+19.4%) | — | $1,495 – $2,000 | 7 |
| 1BR | $1,750 | −$250 (-12.5%) | −$1,021 (-36.8%) | $1,725 – $1,775 | 2 |
| 1BR | $2,596 | +$596 (+29.8%) | −$175 (-6.3%) | $2,475 – $2,670 | 20 |
| 2BR | $2,250 | −$445 (-16.5%) | −$1,465 (-39.4%) | $2,250 – $2,250 | 1 |
| 2BR | $3,266 | +$571 (+21.2%) | −$449 (-12.1%) | $2,800 – $3,434 | 21 |
| 3BR | $3,923 | +$373 (+10.5%) | +$328 (+9.1%) | $3,791 – $4,053 | 12 |
| 3BR | $3,850 | +$300 (+8.5%) | +$255 (+7.1%) | $3,850 – $3,850 | 1 |
| 4BR | $4,095 | −$705 (-14.7%) | — | $3,798 – $4,300 | 7 |
| 4BR | $4,095 | −$705 (-14.7%) | — | $3,798 – $4,300 | 7 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — November 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,495 | $1,775 | −$280 (-15.8%) |
| Studio | $1,850 | $1,775 | +$75 (+4.2%) |
| 1BR | $1,750 | $2,125 | −$375 (-17.6%) |
| 1BR | $2,596 | $2,125 | +$471 (+22.1%) |
| 2BR | $2,250 | $2,795 | −$545 (-19.5%) |
| 2BR | $3,266 | $2,795 | +$471 (+16.9%) |
| 3BR | $3,923 | $3,950 | −$27 (-0.7%) |
| 3BR | $3,850 | $3,950 | −$100 (-2.5%) |
| 4BR | $4,095 | $4,994 | −$899 (-18.0%) |
| 4BR | $4,095 | $4,994 | −$899 (-18.0%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in November 2023.