Monthly Rent Report
Torrance Rent Report — May 2024
Asking rents in ZIP 90503, Los Angeles, from 550 listings.
Median 1BR rent in Torrance was $2,212 in May 2024, up 2.9% (+$62) from April 2024 and up 16.7% year-over-year. The middle half of 1BR listings asked between $2,095 and $2,381. That puts Torrance $117 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 550 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,725 | −$175 (-9.2%) | −$450 (-20.7%) | $1,725 – $1,725 | 1 |
| Studio | $2,061 | +$161 (+8.5%) | −$114 (-5.2%) | $1,962 – $2,208 | 119 |
| 1BR | $2,212 | +$62 (+2.9%) | +$317 (+16.7%) | $2,095 – $2,381 | 114 |
| 1BR | $2,095 | −$55 (-2.6%) | +$200 (+10.6%) | $1,700 – $2,095 | 5 |
| 2BR | $3,090 | −$5 (-0.2%) | +$395 (+14.7%) | $2,675 – $3,199 | 235 |
| 2BR | $2,595 | −$500 (-16.2%) | −$100 (-3.7%) | $2,595 – $2,595 | 2 |
| 3BR | $4,000 | +$300 (+8.1%) | −$700 (-14.9%) | $4,000 – $4,000 | 1 |
| 3BR | $3,825 | +$125 (+3.4%) | −$875 (-18.6%) | $3,390 – $4,346 | 60 |
| 4BR | $4,345 | +$345 (+8.6%) | −$155 (-3.4%) | $4,300 – $4,775 | 9 |
| 4BR | $4,000 | $0 (0.0%) | −$500 (-11.1%) | $4,000 – $4,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — May 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,725 | $1,795 | −$70 (-3.9%) |
| Studio | $2,061 | $1,795 | +$266 (+14.8%) |
| 1BR | $2,212 | $2,095 | +$117 (+5.6%) |
| 1BR | $2,095 | $2,095 | $0 (0.0%) |
| 2BR | $3,090 | $2,850 | +$240 (+8.4%) |
| 2BR | $2,595 | $2,850 | −$255 (-8.9%) |
| 3BR | $4,000 | $3,969 | +$32 (+0.8%) |
| 3BR | $3,825 | $3,969 | −$143 (-3.6%) |
| 4BR | $4,345 | $5,175 | −$830 (-16.0%) |
| 4BR | $4,000 | $5,175 | −$1,175 (-22.7%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.