Monthly Rent Report
Torrance Rent Report — November 2023
Asking rents in ZIP 90503, Los Angeles, from 324 listings.
Median 1BR rent in Torrance was $1,925 in November 2023, down 3.8% (−$75) from October 2023 and down 3.5% year-over-year. The middle half of 1BR listings asked between $1,925 and $2,060. That puts Torrance $200 below the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 324 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,995 | +$545 (+37.6%) | −$70 (-3.4%) | $1,995 – $1,995 | 1 |
| Studio | $2,054 | +$604 (+41.7%) | −$11 (-0.5%) | $1,908 – $2,218 | 31 |
| 1BR | $1,925 | −$75 (-3.8%) | −$70 (-3.5%) | $1,925 – $2,060 | 3 |
| 1BR | $2,195 | +$195 (+9.8%) | +$200 (+10.0%) | $1,975 – $2,580 | 94 |
| 2BR | $2,698 | +$23 (+0.8%) | −$802 (-22.9%) | $2,519 – $3,204 | 120 |
| 2BR | $2,500 | −$175 (-6.5%) | −$1,000 (-28.6%) | $2,500 – $2,500 | 1 |
| 3BR | $4,000 | +$50 (+1.3%) | +$400 (+11.1%) | $3,687 – $4,763 | 56 |
| 3BR | $3,150 | −$800 (-20.3%) | −$450 (-12.5%) | $3,150 – $3,150 | 1 |
| 4BR | $4,100 | $0 (0.0%) | −$450 (-9.9%) | $4,100 – $4,100 | 2 |
| 4BR | $4,390 | +$290 (+7.1%) | −$160 (-3.5%) | $4,073 – $5,668 | 12 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — November 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,995 | $1,775 | +$220 (+12.4%) |
| Studio | $2,054 | $1,775 | +$279 (+15.7%) |
| 1BR | $1,925 | $2,125 | −$200 (-9.4%) |
| 1BR | $2,195 | $2,125 | +$70 (+3.3%) |
| 2BR | $2,698 | $2,795 | −$97 (-3.5%) |
| 2BR | $2,500 | $2,795 | −$295 (-10.6%) |
| 3BR | $4,000 | $3,950 | +$50 (+1.3%) |
| 3BR | $3,150 | $3,950 | −$800 (-20.3%) |
| 4BR | $4,100 | $4,994 | −$894 (-17.9%) |
| 4BR | $4,390 | $4,994 | −$604 (-12.1%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in November 2023.