Monthly Rent Report
Torrance Rent Report — November 2024
Asking rents in ZIP 90502, Los Angeles, from 56 listings.
Median 1BR rent in Torrance was $2,790 in November 2024, up 32.9% (+$690) from October 2024 and up 7.5% year-over-year. The middle half of 1BR listings asked between $2,670 and $2,866. That puts Torrance $718 above the Los Angeles citywide 1BR median of $2,073. The month's figures are based on 56 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,895 | +$300 (+18.8%) | +$45 (+2.4%) | $1,895 – $1,895 | 3 |
| 1BR | $2,790 | +$690 (+32.9%) | +$195 (+7.5%) | $2,670 – $2,866 | 15 |
| 1BR | $2,779 | +$679 (+32.3%) | +$184 (+7.1%) | $2,716 – $2,843 | 19 |
| 2BR | $3,297 | +$397 (+13.7%) | +$31 (+0.9%) | $3,215 – $3,355 | 14 |
| 2BR | $2,600 | −$300 (-10.3%) | −$666 (-20.4%) | $2,600 – $2,600 | 1 |
| 3BR | $3,977 | +$482 (+13.8%) | +$127 (+3.3%) | $3,977 – $3,977 | 1 |
| 3BR | $3,977 | +$482 (+13.8%) | +$127 (+3.3%) | $3,977 – $3,977 | 1 |
| 4BR | $4,500 | +$300 (+7.1%) | +$405 (+9.9%) | $4,500 – $4,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — November 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,895 | $1,750 | +$145 (+8.3%) |
| 1BR | $2,790 | $2,073 | +$718 (+34.6%) |
| 1BR | $2,779 | $2,073 | +$707 (+34.1%) |
| 2BR | $3,297 | $2,850 | +$447 (+15.7%) |
| 2BR | $2,600 | $2,850 | −$250 (-8.8%) |
| 3BR | $3,977 | $3,895 | +$82 (+2.1%) |
| 3BR | $3,977 | $3,895 | +$82 (+2.1%) |
| 4BR | $4,500 | $5,220 | −$719 (-13.8%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in November 2024.