Monthly Rent Report
Torrance Rent Report — June 2024
Asking rents in ZIP 90502, Los Angeles, from 344 listings.
Median 1BR rent in Torrance was $1,795 in June 2024, flat versus May 2024 and down 10.3% year-over-year. The middle half of 1BR listings asked between $1,795 and $1,795. That puts Torrance $305 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 344 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,595 | $0 (0.0%) | −$92 (-5.5%) | $1,595 – $1,595 | 12 |
| Studio | $1,595 | $0 (0.0%) | −$92 (-5.5%) | $1,595 – $1,595 | 10 |
| 1BR | $1,795 | $0 (0.0%) | −$205 (-10.3%) | $1,795 – $1,795 | 1 |
| 1BR | $2,776 | +$981 (+54.7%) | +$776 (+38.8%) | $2,695 – $2,822 | 151 |
| 2BR | $2,825 | −$713 (-20.2%) | −$75 (-2.6%) | $2,825 – $2,825 | 1 |
| 2BR | $3,411 | −$127 (-3.6%) | +$511 (+17.6%) | $3,386 – $3,675 | 154 |
| 3BR | $3,450 | −$275 (-7.4%) | +$255 (+8.0%) | $3,350 – $3,761 | 12 |
| 3BR | $3,500 | −$225 (-6.0%) | +$305 (+9.5%) | $3,500 – $3,500 | 1 |
| 4BR | $3,500 | −$300 (-7.9%) | −$500 (-12.5%) | $3,500 – $3,500 | 1 |
| 4BR | $3,500 | −$300 (-7.9%) | −$500 (-12.5%) | $3,500 – $3,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — June 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,595 | $1,759 | −$164 (-9.3%) |
| Studio | $1,595 | $1,759 | −$164 (-9.3%) |
| 1BR | $1,795 | $2,100 | −$305 (-14.5%) |
| 1BR | $2,776 | $2,100 | +$676 (+32.2%) |
| 2BR | $2,825 | $2,885 | −$60 (-2.1%) |
| 2BR | $3,411 | $2,885 | +$526 (+18.2%) |
| 3BR | $3,450 | $3,900 | −$450 (-11.5%) |
| 3BR | $3,500 | $3,900 | −$400 (-10.3%) |
| 4BR | $3,500 | $5,000 | −$1,500 (-30.0%) |
| 4BR | $3,500 | $5,000 | −$1,500 (-30.0%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in June 2024.