Monthly Rent Report
Torrance Rent Report — August 2024
Asking rents in ZIP 90502, Los Angeles, from 11 listings.
Median 1BR rent in Torrance was $2,100 in August 2024, down 22.2% (−$599) from July 2024 and down 24.9% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,200. That puts Torrance in line with the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 11 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,625 | −$270 (-14.2%) | −$100 (-5.8%) | $1,625 – $1,625 | 1 |
| 1BR | $2,100 | −$599 (-22.2%) | −$694 (-24.9%) | $2,000 – $2,200 | 6 |
| 2BR | $2,800 | +$300 (+12.0%) | −$1,049 (-27.3%) | $2,800 – $2,800 | 1 |
| 3BR | $3,495 | −$105 (-2.9%) | −$255 (-6.8%) | $3,298 – $3,495 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — August 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,625 | $1,750 | −$125 (-7.1%) |
| 1BR | $2,100 | $2,095 | +$5 (+0.2%) |
| 2BR | $2,800 | $2,795 | +$5 (+0.2%) |
| 3BR | $3,495 | $4,000 | −$505 (-12.6%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.