Monthly Rent Report
Torrance Rent Report — October 2024
Asking rents in ZIP 90502, Los Angeles, from 75 listings.
Median 1BR rent in Torrance was $2,100 in October 2024, up 0.2% (+$5) from September 2024 and up 5.0% year-over-year. The middle half of 1BR listings asked between $2,100 and $2,100. That puts Torrance $89 above the Los Angeles citywide 1BR median of $2,011. The month's figures are based on 75 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,595 | −$42 (-2.6%) | +$20 (+1.3%) | $1,595 – $1,595 | 1 |
| 1BR | $2,100 | +$5 (+0.2%) | +$100 (+5.0%) | $2,100 – $2,100 | 1 |
| 1BR | $2,663 | +$568 (+27.1%) | +$663 (+33.1%) | $2,622 – $2,744 | 70 |
| 2BR | $2,900 | +$150 (+5.5%) | +$205 (+7.6%) | $2,900 – $2,900 | 1 |
| 3BR | $3,495 | +$395 (+12.7%) | −$616 (-15.0%) | $3,495 – $3,495 | 1 |
| 4BR | $4,200 | $0 (0.0%) | −$600 (-12.5%) | $4,200 – $4,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — October 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,595 | $1,700 | −$105 (-6.2%) |
| 1BR | $2,100 | $2,011 | +$89 (+4.4%) |
| 1BR | $2,663 | $2,011 | +$651 (+32.4%) |
| 2BR | $2,900 | $2,727 | +$173 (+6.3%) |
| 3BR | $3,495 | $3,816 | −$321 (-8.4%) |
| 4BR | $4,200 | $5,225 | −$1,025 (-19.6%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in October 2024.