Monthly Rent Report
Torrance Rent Report — April 2023
Asking rents in ZIP 90503, Los Angeles, from 183 listings.
Median 1BR rent in Torrance was $2,000 in April 2023, up 5.5% (+$105) from March 2023 and down 32.2% year-over-year. The middle half of 1BR listings asked between $1,984 and $2,600. That puts Torrance $97 below the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 183 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,875 | −$325 (-14.8%) | +$280 (+17.6%) | $1,681 – $2,229 | 20 |
| Studio | $1,875 | −$325 (-14.8%) | +$280 (+17.6%) | $1,875 – $1,875 | 1 |
| 1BR | $2,000 | +$105 (+5.5%) | −$950 (-32.2%) | $1,984 – $2,600 | 68 |
| 1BR | $1,895 | $0 (0.0%) | −$1,055 (-35.8%) | $1,895 – $1,895 | 1 |
| 2BR | $2,695 | +$95 (+3.7%) | +$648 (+31.6%) | $2,575 – $2,795 | 65 |
| 2BR | $2,150 | −$450 (-17.3%) | +$103 (+5.0%) | $2,150 – $2,373 | 3 |
| 3BR | $3,500 | −$870 (-19.9%) | −$300 (-7.9%) | $3,500 – $3,500 | 1 |
| 3BR | $3,925 | −$445 (-10.2%) | +$125 (+3.3%) | $3,465 – $4,200 | 20 |
| 4BR | $4,500 | +$100 (+2.3%) | −$300 (-6.3%) | $4,500 – $4,500 | 2 |
| 4BR | $4,500 | +$100 (+2.3%) | −$300 (-6.3%) | $4,500 – $4,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — April 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,875 | $1,775 | +$100 (+5.6%) |
| Studio | $1,875 | $1,775 | +$100 (+5.6%) |
| 1BR | $2,000 | $2,097 | −$97 (-4.6%) |
| 1BR | $1,895 | $2,097 | −$202 (-9.6%) |
| 2BR | $2,695 | $2,795 | −$100 (-3.6%) |
| 2BR | $2,150 | $2,795 | −$645 (-23.1%) |
| 3BR | $3,500 | $3,895 | −$395 (-10.1%) |
| 3BR | $3,925 | $3,895 | +$30 (+0.8%) |
| 4BR | $4,500 | $4,970 | −$470 (-9.5%) |
| 4BR | $4,500 | $4,970 | −$470 (-9.5%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in April 2023.