Monthly Rent Report
Torrance Rent Report — May 2023
Asking rents in ZIP 90503, Los Angeles, from 132 listings.
Median 1BR rent in Torrance was $1,895 in May 2023, flat versus April 2023 and up 8.3% year-over-year. The middle half of 1BR listings asked between $1,895 and $1,895. That puts Torrance $227 below the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 132 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,175 | +$300 (+16.0%) | +$720 (+49.5%) | $1,960 – $2,200 | 5 |
| Studio | $1,866 | −$9 (-0.5%) | +$411 (+28.2%) | $1,631 – $2,194 | 18 |
| 1BR | $1,895 | $0 (0.0%) | +$145 (+8.3%) | $1,895 – $1,895 | 1 |
| 1BR | $2,550 | +$655 (+34.6%) | +$800 (+45.7%) | $2,000 – $2,660 | 52 |
| 2BR | $2,350 | −$345 (-12.8%) | +$255 (+12.2%) | $2,350 – $2,350 | 1 |
| 2BR | $2,695 | $0 (0.0%) | +$600 (+28.6%) | $2,585 – $2,975 | 43 |
| 3BR | $3,725 | −$200 (-5.1%) | +$125 (+3.5%) | $3,603 – $4,425 | 7 |
| 3BR | $4,700 | +$775 (+19.7%) | +$1,100 (+30.6%) | $4,700 – $4,700 | 1 |
| 4BR | $4,500 | $0 (0.0%) | $0 (0.0%) | $4,500 – $4,500 | 1 |
| 4BR | $4,500 | $0 (0.0%) | $0 (0.0%) | $4,500 – $4,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — May 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,175 | $1,750 | +$425 (+24.3%) |
| Studio | $1,866 | $1,750 | +$116 (+6.6%) |
| 1BR | $1,895 | $2,122 | −$227 (-10.7%) |
| 1BR | $2,550 | $2,122 | +$428 (+20.2%) |
| 2BR | $2,350 | $2,780 | −$430 (-15.5%) |
| 2BR | $2,695 | $2,780 | −$85 (-3.1%) |
| 3BR | $3,725 | $3,943 | −$217 (-5.5%) |
| 3BR | $4,700 | $3,943 | +$758 (+19.2%) |
| 4BR | $4,500 | $5,000 | −$500 (-10.0%) |
| 4BR | $4,500 | $5,000 | −$500 (-10.0%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.