Monthly Rent Report
Torrance Rent Report — August 2023
Asking rents in ZIP 90503, Los Angeles, from 42 listings.
Median 1BR rent in Torrance was $2,135 in August 2023, up 1.1% (+$23) from July 2023 and down 17.9% year-over-year. The middle half of 1BR listings asked between $2,065 and $2,205. That puts Torrance $35 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 42 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,739 | +$189 (+12.2%) | −$436 (-20.0%) | $1,695 – $2,038 | 5 |
| Studio | $1,695 | +$145 (+9.4%) | −$480 (-22.1%) | $1,695 – $1,695 | 1 |
| 1BR | $2,135 | +$23 (+1.1%) | −$465 (-17.9%) | $2,065 – $2,205 | 2 |
| 1BR | $2,275 | +$163 (+7.7%) | −$325 (-12.5%) | $2,275 – $2,275 | 3 |
| 2BR | $3,200 | +$480 (+17.6%) | +$905 (+39.4%) | $3,200 – $3,200 | 1 |
| 2BR | $2,700 | −$20 (-0.7%) | +$405 (+17.6%) | $2,663 – $3,083 | 15 |
| 3BR | $4,500 | +$100 (+2.3%) | +$505 (+12.6%) | $4,500 – $4,500 | 1 |
| 3BR | $3,610 | −$790 (-18.0%) | −$385 (-9.6%) | $3,540 – $3,679 | 2 |
| 4BR | $5,000 | −$500 (-9.1%) | −$1,500 (-23.1%) | $5,000 – $5,000 | 1 |
| 4BR | $5,400 | −$100 (-1.8%) | −$1,100 (-16.9%) | $4,888 – $5,500 | 11 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — August 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,739 | $1,775 | −$36 (-2.0%) |
| Studio | $1,695 | $1,775 | −$80 (-4.5%) |
| 1BR | $2,135 | $2,100 | +$35 (+1.7%) |
| 1BR | $2,275 | $2,100 | +$175 (+8.3%) |
| 2BR | $3,200 | $2,895 | +$305 (+10.5%) |
| 2BR | $2,700 | $2,895 | −$195 (-6.7%) |
| 3BR | $4,500 | $3,897 | +$603 (+15.5%) |
| 3BR | $3,610 | $3,897 | −$288 (-7.4%) |
| 4BR | $5,000 | $5,163 | −$162 (-3.1%) |
| 4BR | $5,400 | $5,163 | +$238 (+4.6%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.