Monthly Rent Report
Torrance Rent Report — January 2024
Asking rents in ZIP 90502, Los Angeles, from 54 listings.
Median 1BR rent in Torrance was $2,722 in January 2024, up 7.1% (+$180) from December 2023 and up 0.6% year-over-year. The middle half of 1BR listings asked between $2,630 and $2,743. That puts Torrance $626 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 54 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,750 | −$175 (-9.1%) | — | $1,750 – $1,750 | 1 |
| Studio | $1,750 | −$175 (-9.1%) | — | $1,750 – $1,750 | 1 |
| 1BR | $2,722 | +$180 (+7.1%) | +$16 (+0.6%) | $2,630 – $2,743 | 8 |
| 1BR | $2,722 | +$180 (+7.1%) | +$16 (+0.6%) | $2,630 – $2,743 | 8 |
| 2BR | $3,200 | +$200 (+6.7%) | −$126 (-3.8%) | $3,193 – $3,447 | 13 |
| 2BR | $3,200 | +$200 (+6.7%) | −$126 (-3.8%) | $3,200 – $3,200 | 1 |
| 3BR | $3,750 | +$250 (+7.1%) | +$601 (+19.1%) | $3,300 – $3,961 | 12 |
| 3BR | $3,750 | +$250 (+7.1%) | +$601 (+19.1%) | $3,750 – $3,750 | 1 |
| 4BR | $3,900 | −$300 (-7.1%) | −$100 (-2.5%) | $3,900 – $4,150 | 5 |
| 4BR | $3,900 | −$300 (-7.1%) | −$100 (-2.5%) | $3,900 – $3,975 | 4 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — January 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,750 | $1,750 | $0 (0.0%) |
| Studio | $1,750 | $1,750 | $0 (0.0%) |
| 1BR | $2,722 | $2,097 | +$626 (+29.8%) |
| 1BR | $2,722 | $2,097 | +$626 (+29.8%) |
| 2BR | $3,200 | $2,795 | +$405 (+14.5%) |
| 2BR | $3,200 | $2,795 | +$405 (+14.5%) |
| 3BR | $3,750 | $3,950 | −$200 (-5.1%) |
| 3BR | $3,750 | $3,950 | −$200 (-5.1%) |
| 4BR | $3,900 | $5,200 | −$1,300 (-25.0%) |
| 4BR | $3,900 | $5,200 | −$1,300 (-25.0%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in January 2024.