Monthly Rent Report
Torrance Rent Report — April 2024
Asking rents in ZIP 90503, Los Angeles, from 331 listings.
Median 1BR rent in Torrance was $2,150 in April 2024, flat versus March 2024 and up 13.5% year-over-year. The middle half of 1BR listings asked between $2,150 and $2,150. That puts Torrance $55 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 331 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,900 | +$275 (+16.9%) | +$25 (+1.3%) | $1,900 – $1,900 | 1 |
| Studio | $2,074 | +$449 (+27.6%) | +$199 (+10.6%) | $1,950 – $2,303 | 83 |
| 1BR | $2,150 | $0 (0.0%) | +$255 (+13.5%) | $2,150 – $2,150 | 1 |
| 1BR | $2,275 | +$125 (+5.8%) | +$380 (+20.1%) | $1,925 – $2,420 | 74 |
| 2BR | $2,495 | −$327 (-11.6%) | +$345 (+16.0%) | $2,495 – $2,495 | 1 |
| 2BR | $3,095 | +$273 (+9.7%) | +$945 (+44.0%) | $2,675 – $3,309 | 156 |
| 3BR | $3,700 | +$705 (+23.5%) | −$225 (-5.7%) | $3,700 – $3,700 | 1 |
| 3BR | $3,700 | +$705 (+23.5%) | −$225 (-5.7%) | $3,700 – $3,700 | 3 |
| 4BR | $4,000 | −$1,000 (-20.0%) | −$500 (-11.1%) | $4,000 – $4,000 | 7 |
| 4BR | $4,000 | −$1,000 (-20.0%) | −$500 (-11.1%) | $4,000 – $4,363 | 4 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — April 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,900 | $1,795 | +$105 (+5.8%) |
| Studio | $2,074 | $1,795 | +$279 (+15.5%) |
| 1BR | $2,150 | $2,095 | +$55 (+2.6%) |
| 1BR | $2,275 | $2,095 | +$180 (+8.6%) |
| 2BR | $2,495 | $2,833 | −$338 (-11.9%) |
| 2BR | $3,095 | $2,833 | +$262 (+9.3%) |
| 3BR | $3,700 | $3,950 | −$250 (-6.3%) |
| 3BR | $3,700 | $3,950 | −$250 (-6.3%) |
| 4BR | $4,000 | $4,999 | −$999 (-20.0%) |
| 4BR | $4,000 | $4,999 | −$999 (-20.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in April 2024.