Monthly Rent Report
Torrance Rent Report — December 2023
Asking rents in ZIP 90503, Los Angeles, from 262 listings.
Median 1BR rent in Torrance was $2,495 in December 2023, up 29.6% (+$570) from November 2023 and up 28.8% year-over-year. The middle half of 1BR listings asked between $2,495 and $2,495. That puts Torrance $366 above the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 262 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,848 | −$147 (-7.4%) | +$85 (+4.8%) | $1,650 – $1,958 | 12 |
| Studio | $1,895 | −$100 (-5.0%) | +$133 (+7.5%) | $1,650 – $1,970 | 34 |
| 1BR | $2,495 | +$570 (+29.6%) | +$558 (+28.8%) | $2,495 – $2,495 | 1 |
| 1BR | $1,925 | $0 (0.0%) | −$12 (-0.6%) | $1,925 – $1,925 | 1 |
| 2BR | $2,745 | +$48 (+1.8%) | −$455 (-14.2%) | $2,595 – $3,195 | 133 |
| 2BR | $2,623 | −$75 (-2.8%) | −$577 (-18.0%) | $2,609 – $2,636 | 2 |
| 3BR | $3,150 | −$850 (-21.3%) | −$1,050 (-25.0%) | $3,150 – $3,150 | 1 |
| 3BR | $3,923 | −$77 (-1.9%) | −$277 (-6.6%) | $3,622 – $4,588 | 54 |
| 4BR | $4,795 | +$405 (+9.2%) | +$145 (+3.1%) | $4,300 – $5,300 | 17 |
| 4BR | $4,795 | +$405 (+9.2%) | +$145 (+3.1%) | $4,795 – $4,795 | 2 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — December 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,848 | $1,750 | +$98 (+5.6%) |
| Studio | $1,895 | $1,750 | +$145 (+8.3%) |
| 1BR | $2,495 | $2,129 | +$366 (+17.2%) |
| 1BR | $1,925 | $2,129 | −$204 (-9.6%) |
| 2BR | $2,745 | $2,795 | −$50 (-1.8%) |
| 2BR | $2,623 | $2,795 | −$172 (-6.2%) |
| 3BR | $3,150 | $3,923 | −$772 (-19.7%) |
| 3BR | $3,923 | $3,923 | $0 (0.0%) |
| 4BR | $4,795 | $4,750 | +$45 (+0.9%) |
| 4BR | $4,795 | $4,750 | +$45 (+0.9%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.