Monthly Rent Report
Torrance Rent Report — July 2024
Asking rents in ZIP 90502, Los Angeles, from 123 listings.
Median 1BR rent in Torrance was $2,699 in July 2024, up 50.4% (+$904) from June 2024 and down 5.5% year-over-year. The middle half of 1BR listings asked between $2,691 and $2,811. That puts Torrance $604 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 123 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,895 | +$300 (+18.8%) | +$170 (+9.9%) | $1,895 – $1,895 | 1 |
| Studio | $1,595 | $0 (0.0%) | −$130 (-7.5%) | $1,595 – $1,621 | 4 |
| 1BR | $2,699 | +$904 (+50.4%) | −$156 (-5.5%) | $2,691 – $2,811 | 51 |
| 1BR | $3,195 | +$1,400 (+78.0%) | +$340 (+11.9%) | $2,895 – $3,495 | 4 |
| 2BR | $3,593 | +$182 (+5.3%) | +$921 (+34.4%) | $3,280 – $3,635 | 58 |
| 2BR | $2,500 | −$911 (-26.7%) | −$172 (-6.5%) | $2,500 – $2,500 | 1 |
| 3BR | $2,700 | −$800 (-22.9%) | −$395 (-12.8%) | $2,700 – $2,700 | 1 |
| 3BR | $3,600 | +$100 (+2.9%) | +$505 (+16.3%) | $3,550 – $3,600 | 3 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — July 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,895 | $1,778 | +$117 (+6.6%) |
| Studio | $1,595 | $1,778 | −$183 (-10.3%) |
| 1BR | $2,699 | $2,095 | +$604 (+28.8%) |
| 1BR | $3,195 | $2,095 | +$1,100 (+52.5%) |
| 2BR | $3,593 | $2,835 | +$758 (+26.7%) |
| 2BR | $2,500 | $2,835 | −$335 (-11.8%) |
| 3BR | $2,700 | $3,900 | −$1,200 (-30.8%) |
| 3BR | $3,600 | $3,900 | −$300 (-7.7%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in July 2024.