Monthly Rent Report
Torrance Rent Report — February 2023
Asking rents in ZIP 90503, Los Angeles, from 158 listings.
Median 1BR rent in Torrance was $2,395 in February 2023, up 11.4% (+$245) from January 2023 and up 20.1% year-over-year. The middle half of 1BR listings asked between $1,995 and $2,660. That puts Torrance $270 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 158 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,200 | −$30 (-1.3%) | +$350 (+18.9%) | $2,200 – $2,236 | 12 |
| Studio | $1,595 | −$635 (-28.5%) | −$255 (-13.8%) | $1,595 – $1,595 | 1 |
| 1BR | $2,395 | +$245 (+11.4%) | +$400 (+20.1%) | $1,995 – $2,660 | 62 |
| 1BR | $1,945 | −$205 (-9.5%) | −$50 (-2.5%) | $1,945 – $1,945 | 1 |
| 2BR | $2,675 | +$25 (+0.9%) | −$25 (-0.9%) | $2,450 – $2,998 | 46 |
| 2BR | $3,350 | +$700 (+26.4%) | +$650 (+24.1%) | $3,350 – $3,350 | 1 |
| 3BR | $4,600 | +$650 (+16.5%) | +$500 (+12.2%) | $4,275 – $4,950 | 14 |
| 3BR | $4,300 | +$350 (+8.9%) | +$200 (+4.9%) | $4,300 – $4,300 | 1 |
| 4BR | $5,300 | −$700 (-11.7%) | −$1,200 (-18.5%) | $4,800 – $5,500 | 10 |
| 4BR | $5,300 | −$700 (-11.7%) | −$1,200 (-18.5%) | $4,800 – $5,500 | 10 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — February 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,200 | $1,795 | +$405 (+22.6%) |
| Studio | $1,595 | $1,795 | −$200 (-11.1%) |
| 1BR | $2,395 | $2,125 | +$270 (+12.7%) |
| 1BR | $1,945 | $2,125 | −$180 (-8.5%) |
| 2BR | $2,675 | $2,773 | −$98 (-3.5%) |
| 2BR | $3,350 | $2,773 | +$577 (+20.8%) |
| 3BR | $4,600 | $3,850 | +$750 (+19.5%) |
| 3BR | $4,300 | $3,850 | +$450 (+11.7%) |
| 4BR | $5,300 | $4,695 | +$605 (+12.9%) |
| 4BR | $5,300 | $4,695 | +$605 (+12.9%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in February 2023.