Monthly Rent Report
Torrance Rent Report — March 2023
Asking rents in ZIP 90503, Los Angeles, from 180 listings.
Median 1BR rent in Torrance was $1,895 in March 2023, down 20.9% (−$500) from February 2023 and down 7.6% year-over-year. The middle half of 1BR listings asked between $1,895 and $1,895. That puts Torrance $202 below the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 180 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,200 | $0 (0.0%) | +$705 (+47.2%) | $2,200 – $2,302 | 5 |
| Studio | $2,200 | $0 (0.0%) | +$705 (+47.2%) | $2,200 – $2,279 | 15 |
| 1BR | $1,895 | −$500 (-20.9%) | −$155 (-7.6%) | $1,895 – $1,895 | 1 |
| 1BR | $2,495 | +$100 (+4.2%) | +$445 (+21.7%) | $2,025 – $2,660 | 77 |
| 2BR | $2,600 | −$750 (-22.4%) | −$400 (-13.3%) | $2,484 – $2,725 | 52 |
| 2BR | $2,895 | −$455 (-13.6%) | −$105 (-3.5%) | $2,895 – $2,895 | 1 |
| 3BR | $4,370 | −$230 (-5.0%) | +$870 (+24.9%) | $4,360 – $4,380 | 2 |
| 3BR | $4,200 | −$400 (-8.7%) | +$700 (+20.0%) | $3,950 – $4,370 | 23 |
| 4BR | $4,400 | −$900 (-17.0%) | −$200 (-4.3%) | $4,348 – $4,600 | 3 |
| 4BR | $4,295 | −$1,005 (-19.0%) | −$305 (-6.6%) | $4,295 – $4,295 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — March 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,200 | $1,745 | +$455 (+26.1%) |
| Studio | $2,200 | $1,745 | +$455 (+26.1%) |
| 1BR | $1,895 | $2,097 | −$202 (-9.6%) |
| 1BR | $2,495 | $2,097 | +$398 (+19.0%) |
| 2BR | $2,600 | $2,750 | −$150 (-5.5%) |
| 2BR | $2,895 | $2,750 | +$145 (+5.3%) |
| 3BR | $4,370 | $3,923 | +$448 (+11.4%) |
| 3BR | $4,200 | $3,923 | +$278 (+7.1%) |
| 4BR | $4,400 | $4,760 | −$360 (-7.6%) |
| 4BR | $4,295 | $4,760 | −$465 (-9.8%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.