Monthly Rent Report
Torrance Rent Report — May 2024
Asking rents in ZIP 90502, Los Angeles, from 314 listings.
Median 1BR rent in Torrance was $2,795 in May 2024, up 5.5% (+$146) from April 2024 and down 2.6% year-over-year. The middle half of 1BR listings asked between $2,675 and $2,877. That puts Torrance $700 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 314 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,595 | −$300 (-15.8%) | +$270 (+20.4%) | $1,595 – $1,595 | 2 |
| 1BR | $2,795 | +$146 (+5.5%) | −$74 (-2.6%) | $2,675 – $2,877 | 131 |
| 1BR | $1,795 | −$854 (-32.2%) | −$1,074 (-37.4%) | $1,795 – $1,795 | 1 |
| 2BR | $3,538 | +$788 (+28.7%) | +$97 (+2.8%) | $3,395 – $3,690 | 153 |
| 2BR | $2,475 | −$275 (-10.0%) | −$966 (-28.1%) | $2,350 – $3,025 | 7 |
| 3BR | $3,750 | +$250 (+7.1%) | +$400 (+11.9%) | $3,663 – $3,750 | 14 |
| 3BR | $3,725 | +$225 (+6.4%) | +$375 (+11.2%) | $3,675 – $3,750 | 4 |
| 4BR | $3,800 | −$250 (-6.2%) | — | $3,800 – $3,800 | 1 |
| 4BR | $3,800 | −$250 (-6.2%) | — | $3,800 – $3,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — May 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,595 | $1,795 | −$200 (-11.1%) |
| 1BR | $2,795 | $2,095 | +$700 (+33.4%) |
| 1BR | $1,795 | $2,095 | −$300 (-14.3%) |
| 2BR | $3,538 | $2,850 | +$688 (+24.1%) |
| 2BR | $2,475 | $2,850 | −$375 (-13.2%) |
| 3BR | $3,750 | $3,969 | −$218 (-5.5%) |
| 3BR | $3,725 | $3,969 | −$243 (-6.1%) |
| 4BR | $3,800 | $5,175 | −$1,375 (-26.6%) |
| 4BR | $3,800 | $5,175 | −$1,375 (-26.6%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.