Monthly Rent Report
Torrance Rent Report — December 2023
Asking rents in ZIP 90502, Los Angeles, from 100 listings.
Median 1BR rent in Torrance was $1,725 in December 2023, down 1.4% (−$25) from November 2023 and down 38.0% year-over-year. The middle half of 1BR listings asked between $1,725 and $1,725. That puts Torrance $404 below the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 100 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,850 | $0 (0.0%) | — | $1,850 – $1,850 | 1 |
| Studio | $1,925 | +$75 (+4.1%) | — | $1,888 – $1,963 | 2 |
| 1BR | $1,725 | −$25 (-1.4%) | −$1,058 (-38.0%) | $1,725 – $1,725 | 1 |
| 1BR | $2,542 | +$792 (+45.3%) | −$241 (-8.7%) | $1,975 – $2,622 | 31 |
| 2BR | $3,000 | +$750 (+33.3%) | +$700 (+30.4%) | $2,795 – $3,115 | 12 |
| 2BR | $3,135 | +$885 (+39.3%) | +$835 (+36.3%) | $2,871 – $3,200 | 32 |
| 3BR | $3,500 | −$422 (-10.8%) | +$178 (+5.4%) | $2,998 – $3,675 | 11 |
| 3BR | $3,200 | −$722 (-18.4%) | −$122 (-3.7%) | $2,900 – $3,500 | 4 |
| 4BR | $4,200 | +$105 (+2.6%) | — | $4,200 – $4,200 | 2 |
| 4BR | $4,200 | +$105 (+2.6%) | — | $4,200 – $4,200 | 4 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — December 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,850 | $1,750 | +$100 (+5.7%) |
| Studio | $1,925 | $1,750 | +$175 (+10.0%) |
| 1BR | $1,725 | $2,129 | −$404 (-19.0%) |
| 1BR | $2,542 | $2,129 | +$413 (+19.4%) |
| 2BR | $3,000 | $2,795 | +$205 (+7.3%) |
| 2BR | $3,135 | $2,795 | +$340 (+12.2%) |
| 3BR | $3,500 | $3,923 | −$422 (-10.8%) |
| 3BR | $3,200 | $3,923 | −$722 (-18.4%) |
| 4BR | $4,200 | $4,750 | −$550 (-11.6%) |
| 4BR | $4,200 | $4,750 | −$550 (-11.6%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.