Monthly Rent Report
Torrance Rent Report — June 2023
Asking rents in ZIP 90503, Los Angeles, from 56 listings.
Median 1BR rent in Torrance was $2,150 in June 2023, down 15.7% (−$400) from May 2023 and down 10.4% year-over-year. The middle half of 1BR listings asked between $1,995 and $2,203. That puts Torrance $50 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 56 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,550 | −$625 (-28.7%) | −$623 (-28.7%) | $1,550 – $1,550 | 1 |
| Studio | $1,873 | −$302 (-13.9%) | −$300 (-13.8%) | $1,798 – $1,995 | 5 |
| 1BR | $2,150 | −$400 (-15.7%) | −$250 (-10.4%) | $1,995 – $2,203 | 16 |
| 1BR | $2,050 | −$500 (-19.6%) | −$350 (-14.6%) | $2,025 – $2,075 | 2 |
| 2BR | $2,695 | +$345 (+14.7%) | −$435 (-13.9%) | $2,573 – $2,860 | 15 |
| 2BR | $2,395 | +$45 (+1.9%) | −$735 (-23.5%) | $2,395 – $2,395 | 1 |
| 3BR | $4,048 | −$652 (-13.9%) | −$50 (-1.2%) | $3,750 – $4,463 | 8 |
| 3BR | $4,100 | −$600 (-12.8%) | +$3 (+0.1%) | $4,100 – $4,100 | 1 |
| 4BR | $6,250 | +$1,750 (+38.9%) | +$1,100 (+21.4%) | $6,250 – $6,250 | 1 |
| 4BR | $5,000 | +$500 (+11.1%) | −$150 (-2.9%) | $4,900 – $5,000 | 3 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — June 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,550 | $1,758 | −$208 (-11.8%) |
| Studio | $1,873 | $1,758 | +$115 (+6.5%) |
| 1BR | $2,150 | $2,100 | +$50 (+2.4%) |
| 1BR | $2,050 | $2,100 | −$50 (-2.4%) |
| 2BR | $2,695 | $2,900 | −$205 (-7.1%) |
| 2BR | $2,395 | $2,900 | −$505 (-17.4%) |
| 3BR | $4,048 | $3,850 | +$198 (+5.1%) |
| 3BR | $4,100 | $3,850 | +$250 (+6.5%) |
| 4BR | $6,250 | $5,100 | +$1,150 (+22.5%) |
| 4BR | $5,000 | $5,100 | −$100 (-2.0%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in June 2023.