Monthly Rent Report
Torrance Rent Report — February 2024
Asking rents in ZIP 90502, Los Angeles, from 89 listings.
Median 1BR rent in Torrance was $2,170 in February 2024, down 20.3% (−$552) from January 2024 and down 1.4% year-over-year. The middle half of 1BR listings asked between $2,135 and $2,243. That puts Torrance $25 below the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 89 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,210 | −$540 (-30.9%) | — | $1,210 – $1,210 | 3 |
| Studio | $1,210 | −$540 (-30.9%) | — | $1,210 – $1,210 | 3 |
| 1BR | $2,170 | −$552 (-20.3%) | −$30 (-1.4%) | $2,135 – $2,243 | 4 |
| 1BR | $2,707 | −$15 (-0.6%) | +$507 (+23.0%) | $2,200 – $2,770 | 31 |
| 2BR | $3,311 | +$111 (+3.5%) | +$311 (+10.4%) | $2,898 – $3,438 | 34 |
| 2BR | $2,395 | −$805 (-25.2%) | −$605 (-20.2%) | $2,395 – $2,395 | 1 |
| 3BR | $3,750 | $0 (0.0%) | +$650 (+21.0%) | $3,750 – $3,750 | 1 |
| 3BR | $3,900 | +$150 (+4.0%) | +$800 (+25.8%) | $3,788 – $3,938 | 6 |
| 4BR | $3,900 | $0 (0.0%) | −$350 (-8.2%) | $3,500 – $3,900 | 5 |
| 4BR | $4,150 | +$250 (+6.4%) | −$100 (-2.4%) | $4,150 – $4,150 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — February 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,210 | $1,750 | −$539 (-30.8%) |
| Studio | $1,210 | $1,750 | −$539 (-30.8%) |
| 1BR | $2,170 | $2,195 | −$25 (-1.1%) |
| 1BR | $2,707 | $2,195 | +$512 (+23.3%) |
| 2BR | $3,311 | $2,850 | +$461 (+16.2%) |
| 2BR | $2,395 | $2,850 | −$455 (-16.0%) |
| 3BR | $3,750 | $3,995 | −$245 (-6.1%) |
| 3BR | $3,900 | $3,995 | −$95 (-2.4%) |
| 4BR | $3,900 | $5,000 | −$1,100 (-22.0%) |
| 4BR | $4,150 | $5,000 | −$850 (-17.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.