Monthly Rent Report
Torrance Rent Report — March 2024
Asking rents in ZIP 90502, Los Angeles, from 90 listings.
Median 1BR rent in Torrance was $2,780 in March 2024, up 28.1% (+$610) from February 2024 and up 2.0% year-over-year. The middle half of 1BR listings asked between $2,690 and $2,793. That puts Torrance $635 above the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 90 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,895 | +$685 (+56.6%) | +$395 (+26.3%) | $1,895 – $1,895 | 5 |
| Studio | $1,895 | +$685 (+56.6%) | +$395 (+26.3%) | $1,895 – $1,895 | 2 |
| 1BR | $2,780 | +$610 (+28.1%) | +$54 (+2.0%) | $2,690 – $2,793 | 15 |
| 1BR | $2,690 | +$520 (+23.9%) | −$37 (-1.4%) | $2,400 – $2,768 | 10 |
| 2BR | $2,500 | +$105 (+4.4%) | +$150 (+6.4%) | $2,500 – $2,500 | 1 |
| 2BR | $3,355 | +$960 (+40.1%) | +$1,005 (+42.8%) | $3,225 – $3,628 | 30 |
| 3BR | $3,200 | −$700 (-17.9%) | −$100 (-3.0%) | $3,200 – $3,200 | 1 |
| 3BR | $3,575 | −$325 (-8.3%) | +$275 (+8.3%) | $3,096 – $3,813 | 8 |
| 4BR | $4,300 | +$400 (+10.3%) | +$700 (+19.4%) | $4,300 – $4,300 | 1 |
| 4BR | $4,200 | +$300 (+7.7%) | +$600 (+16.7%) | $3,900 – $4,225 | 12 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — March 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,895 | $1,723 | +$173 (+10.0%) |
| Studio | $1,895 | $1,723 | +$173 (+10.0%) |
| 1BR | $2,780 | $2,145 | +$635 (+29.6%) |
| 1BR | $2,690 | $2,145 | +$545 (+25.4%) |
| 2BR | $2,500 | $2,850 | −$350 (-12.3%) |
| 2BR | $3,355 | $2,850 | +$505 (+17.7%) |
| 3BR | $3,200 | $3,762 | −$562 (-14.9%) |
| 3BR | $3,575 | $3,762 | −$187 (-5.0%) |
| 4BR | $4,300 | $4,950 | −$650 (-13.1%) |
| 4BR | $4,200 | $4,950 | −$750 (-15.2%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.