Monthly Rent Report
Torrance Rent Report — February 2024
Asking rents in ZIP 90503, Los Angeles, from 340 listings.
Median 1BR rent in Torrance was $2,125 in February 2024, up 1.4% (+$30) from January 2024 and down 11.3% year-over-year. The middle half of 1BR listings asked between $2,060 and $2,138. That puts Torrance $70 below the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 340 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,951 | +$101 (+5.5%) | −$249 (-11.3%) | $1,675 – $2,038 | 31 |
| Studio | $1,985 | +$135 (+7.3%) | −$215 (-9.8%) | $1,730 – $2,038 | 34 |
| 1BR | $2,125 | +$30 (+1.4%) | −$270 (-11.3%) | $2,060 – $2,138 | 3 |
| 1BR | $2,000 | −$95 (-4.5%) | −$395 (-16.5%) | $1,845 – $2,376 | 75 |
| 2BR | $2,720 | +$88 (+3.3%) | +$45 (+1.7%) | $2,495 – $3,125 | 128 |
| 2BR | $2,595 | −$37 (-1.4%) | −$80 (-3.0%) | $2,595 – $2,595 | 1 |
| 3BR | $3,650 | −$550 (-13.1%) | −$650 (-15.1%) | $3,390 – $4,250 | 49 |
| 3BR | $3,900 | −$300 (-7.1%) | −$400 (-9.3%) | $3,900 – $3,900 | 1 |
| 4BR | $4,400 | −$1,050 (-19.3%) | −$900 (-17.0%) | $4,300 – $4,415 | 9 |
| 4BR | $4,400 | −$1,050 (-19.3%) | −$900 (-17.0%) | $4,300 – $4,415 | 9 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — February 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,951 | $1,750 | +$202 (+11.5%) |
| Studio | $1,985 | $1,750 | +$236 (+13.5%) |
| 1BR | $2,125 | $2,195 | −$70 (-3.2%) |
| 1BR | $2,000 | $2,195 | −$195 (-8.9%) |
| 2BR | $2,720 | $2,850 | −$130 (-4.6%) |
| 2BR | $2,595 | $2,850 | −$255 (-8.9%) |
| 3BR | $3,650 | $3,995 | −$345 (-8.6%) |
| 3BR | $3,900 | $3,995 | −$95 (-2.4%) |
| 4BR | $4,400 | $5,000 | −$600 (-12.0%) |
| 4BR | $4,400 | $5,000 | −$600 (-12.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.