Monthly Rent Report
Torrance Rent Report — January 2024
Asking rents in ZIP 90503, Los Angeles, from 117 listings.
Median 1BR rent in Torrance was $2,125 in January 2024, up 10.4% (+$200) from December 2023 and down 1.2% year-over-year. The middle half of 1BR listings asked between $1,995 and $2,353. That puts Torrance $29 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 117 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,850 | +$3 (+0.1%) | −$380 (-17.0%) | $1,850 – $1,850 | 1 |
| Studio | $1,943 | +$96 (+5.2%) | −$287 (-12.9%) | $1,675 – $1,970 | 19 |
| 1BR | $2,125 | +$200 (+10.4%) | −$25 (-1.2%) | $1,995 – $2,353 | 27 |
| 1BR | $2,095 | +$170 (+8.8%) | −$55 (-2.6%) | $2,095 – $2,095 | 1 |
| 2BR | $2,795 | +$173 (+6.6%) | +$400 (+16.7%) | $2,795 – $2,795 | 1 |
| 2BR | $2,633 | +$10 (+0.4%) | +$238 (+9.9%) | $2,495 – $3,067 | 42 |
| 3BR | $4,200 | +$1,050 (+33.3%) | +$250 (+6.3%) | $3,950 – $5,400 | 19 |
| 3BR | $4,200 | +$1,050 (+33.3%) | +$250 (+6.3%) | $4,200 – $4,200 | 1 |
| 4BR | $5,450 | +$655 (+13.7%) | +$451 (+9.0%) | $5,300 – $5,950 | 5 |
| 4BR | $5,300 | +$505 (+10.5%) | +$301 (+6.0%) | $5,300 – $5,300 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — January 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,850 | $1,750 | +$100 (+5.7%) |
| Studio | $1,943 | $1,750 | +$193 (+11.0%) |
| 1BR | $2,125 | $2,097 | +$29 (+1.4%) |
| 1BR | $2,095 | $2,097 | −$1 (-0.1%) |
| 2BR | $2,795 | $2,795 | $0 (0.0%) |
| 2BR | $2,633 | $2,795 | −$162 (-5.8%) |
| 3BR | $4,200 | $3,950 | +$250 (+6.3%) |
| 3BR | $4,200 | $3,950 | +$250 (+6.3%) |
| 4BR | $5,450 | $5,200 | +$250 (+4.8%) |
| 4BR | $5,300 | $5,200 | +$100 (+1.9%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in January 2024.