Monthly Rent Report
Torrance Rent Report — September 2023
Asking rents in ZIP 90503, Los Angeles, from 28 listings.
Median 1BR rent in Torrance was $1,925 in September 2023, down 9.8% (−$210) from August 2023 and down 25.2% year-over-year. The middle half of 1BR listings asked between $1,925 and $1,925. That puts Torrance $75 below the Los Angeles citywide 1BR median of $2,000. The month's figures are based on 28 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,500 | −$239 (-13.7%) | −$615 (-29.1%) | $1,500 – $1,500 | 1 |
| Studio | $2,250 | +$511 (+29.4%) | +$135 (+6.4%) | $2,250 – $2,250 | 1 |
| 1BR | $1,925 | −$210 (-9.8%) | −$650 (-25.2%) | $1,925 – $1,925 | 2 |
| 1BR | $1,925 | −$210 (-9.8%) | −$650 (-25.2%) | $1,925 – $1,925 | 3 |
| 2BR | $1,895 | −$805 (-29.8%) | −$755 (-28.5%) | $1,895 – $1,895 | 1 |
| 2BR | $2,350 | −$350 (-13.0%) | −$300 (-11.3%) | $2,350 – $2,350 | 3 |
| 3BR | $2,795 | −$814 (-22.6%) | −$2,405 (-46.3%) | $2,795 – $2,795 | 12 |
| 3BR | $4,300 | +$691 (+19.1%) | −$900 (-17.3%) | $4,100 – $4,500 | 2 |
| 4BR | $3,990 | −$1,410 (-26.1%) | −$510 (-11.3%) | $3,990 – $3,990 | 1 |
| 4BR | $4,100 | −$1,300 (-24.1%) | −$400 (-8.9%) | $4,100 – $4,100 | 2 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — September 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,500 | $1,795 | −$295 (-16.4%) |
| Studio | $2,250 | $1,795 | +$455 (+25.3%) |
| 1BR | $1,925 | $2,000 | −$75 (-3.8%) |
| 1BR | $1,925 | $2,000 | −$75 (-3.8%) |
| 2BR | $1,895 | $2,750 | −$855 (-31.1%) |
| 2BR | $2,350 | $2,750 | −$400 (-14.5%) |
| 3BR | $2,795 | $3,948 | −$1,152 (-29.2%) |
| 3BR | $4,300 | $3,948 | +$353 (+8.9%) |
| 4BR | $3,990 | $5,000 | −$1,010 (-20.2%) |
| 4BR | $4,100 | $5,000 | −$900 (-18.0%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in September 2023.