Monthly Rent Report
Torrance Rent Report — October 2023
Asking rents in ZIP 90503, Los Angeles, from 75 listings.
Median 1BR rent in Torrance was $1,975 in October 2023, up 2.6% (+$50) from September 2023 and up 1.3% year-over-year. The middle half of 1BR listings asked between $1,975 and $1,975. That puts Torrance in line with the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 75 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,450 | −$50 (-3.3%) | −$575 (-28.4%) | $1,450 – $1,656 | 4 |
| Studio | $2,146 | +$646 (+43.1%) | +$121 (+6.0%) | $1,837 – $2,250 | 27 |
| 1BR | $1,975 | +$50 (+2.6%) | +$25 (+1.3%) | $1,975 – $1,975 | 1 |
| 1BR | $2,000 | +$75 (+3.9%) | +$50 (+2.6%) | $2,000 – $2,013 | 8 |
| 2BR | $2,675 | +$325 (+13.8%) | −$425 (-13.7%) | $2,535 – $2,723 | 15 |
| 2BR | $2,450 | +$100 (+4.3%) | −$650 (-21.0%) | $2,450 – $2,450 | 1 |
| 3BR | $3,950 | +$1,155 (+41.3%) | −$250 (-6.0%) | $3,913 – $3,950 | 4 |
| 3BR | $4,250 | +$1,455 (+52.1%) | +$50 (+1.2%) | $4,225 – $4,275 | 2 |
| 4BR | $4,300 | +$200 (+4.9%) | −$650 (-13.1%) | $4,300 – $4,300 | 1 |
| 4BR | $4,100 | $0 (0.0%) | −$850 (-17.2%) | $4,000 – $4,100 | 5 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — October 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,450 | $1,700 | −$250 (-14.7%) |
| Studio | $2,146 | $1,700 | +$446 (+26.2%) |
| 1BR | $1,975 | $1,998 | −$22 (-1.1%) |
| 1BR | $2,000 | $1,998 | +$3 (+0.1%) |
| 2BR | $2,675 | $2,750 | −$75 (-2.7%) |
| 2BR | $2,450 | $2,750 | −$300 (-10.9%) |
| 3BR | $3,950 | $4,195 | −$245 (-5.8%) |
| 3BR | $4,250 | $4,195 | +$55 (+1.3%) |
| 4BR | $4,300 | $5,275 | −$975 (-18.5%) |
| 4BR | $4,100 | $5,275 | −$1,175 (-22.3%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.