Monthly Rent Report
Torrance Rent Report — March 2024
Asking rents in ZIP 90503, Los Angeles, from 373 listings.
Median 1BR rent in Torrance was $2,150 in March 2024, up 1.2% (+$25) from February 2024 and up 13.5% year-over-year. The middle half of 1BR listings asked between $2,150 and $2,150. That puts Torrance in line with the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 373 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,013 | +$28 (+1.4%) | −$187 (-8.5%) | $1,916 – $2,286 | 106 |
| Studio | $1,625 | −$360 (-18.1%) | −$575 (-26.1%) | $1,625 – $1,625 | 1 |
| 1BR | $2,150 | +$25 (+1.2%) | +$255 (+13.5%) | $2,150 – $2,150 | 1 |
| 1BR | $2,321 | +$196 (+9.2%) | +$426 (+22.5%) | $1,995 – $2,371 | 91 |
| 2BR | $2,822 | +$227 (+8.7%) | −$73 (-2.5%) | $2,695 – $3,125 | 127 |
| 2BR | $2,450 | −$145 (-5.6%) | −$445 (-15.4%) | $2,311 – $2,450 | 4 |
| 3BR | $2,995 | −$905 (-23.2%) | −$1,205 (-28.7%) | $2,995 – $2,995 | 1 |
| 3BR | $4,835 | +$935 (+24.0%) | +$635 (+15.1%) | $4,063 – $5,425 | 32 |
| 4BR | $5,000 | +$600 (+13.6%) | +$705 (+16.4%) | $5,000 – $5,000 | 1 |
| 4BR | $4,900 | +$500 (+11.4%) | +$605 (+14.1%) | $4,415 – $5,000 | 9 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — March 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,013 | $1,723 | +$290 (+16.8%) |
| Studio | $1,625 | $1,723 | −$97 (-5.7%) |
| 1BR | $2,150 | $2,145 | +$5 (+0.2%) |
| 1BR | $2,321 | $2,145 | +$176 (+8.2%) |
| 2BR | $2,822 | $2,850 | −$28 (-1.0%) |
| 2BR | $2,450 | $2,850 | −$400 (-14.0%) |
| 3BR | $2,995 | $3,762 | −$767 (-20.4%) |
| 3BR | $4,835 | $3,762 | +$1,073 (+28.5%) |
| 4BR | $5,000 | $4,950 | +$50 (+1.0%) |
| 4BR | $4,900 | $4,950 | −$50 (-1.0%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.