Monthly Rent Report
Torrance Rent Report — July 2023
Asking rents in ZIP 90503, Los Angeles, from 39 listings.
Median 1BR rent in Torrance was $2,113 in July 2023, up 3.0% (+$63) from June 2023 and up 10.0% year-over-year. The middle half of 1BR listings asked between $2,031 and $2,194. That puts Torrance in line with the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 39 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,550 | −$323 (-17.2%) | −$325 (-17.3%) | $1,500 – $2,263 | 3 |
| Studio | $1,500 | −$373 (-19.9%) | −$375 (-20.0%) | $1,450 – $1,659 | 6 |
| 1BR | $2,113 | +$63 (+3.0%) | +$193 (+10.0%) | $2,031 – $2,194 | 2 |
| 1BR | $2,275 | +$225 (+11.0%) | +$355 (+18.5%) | $1,995 – $2,625 | 9 |
| 2BR | $3,200 | +$805 (+33.6%) | +$1,100 (+52.4%) | $2,798 – $3,400 | 3 |
| 2BR | $2,720 | +$325 (+13.6%) | +$620 (+29.5%) | $2,659 – $3,109 | 4 |
| 3BR | $3,799 | −$248 (-6.1%) | −$701 (-15.6%) | $3,775 – $3,995 | 9 |
| 3BR | $4,400 | +$353 (+8.7%) | −$100 (-2.2%) | $4,400 – $4,400 | 1 |
| 4BR | $5,500 | +$500 (+10.0%) | $0 (0.0%) | $5,500 – $5,500 | 1 |
| 4BR | $6,250 | +$1,250 (+25.0%) | +$750 (+13.6%) | $6,250 – $6,250 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — July 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,550 | $1,800 | −$250 (-13.9%) |
| Studio | $1,500 | $1,800 | −$300 (-16.7%) |
| 1BR | $2,113 | $2,125 | −$12 (-0.6%) |
| 1BR | $2,275 | $2,125 | +$150 (+7.1%) |
| 2BR | $3,200 | $2,873 | +$327 (+11.4%) |
| 2BR | $2,720 | $2,873 | −$153 (-5.3%) |
| 3BR | $3,799 | $3,836 | −$37 (-1.0%) |
| 3BR | $4,400 | $3,836 | +$564 (+14.7%) |
| 4BR | $5,500 | $4,572 | +$928 (+20.3%) |
| 4BR | $6,250 | $4,572 | +$1,678 (+36.7%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.