Monthly Rent Report
Torrance Rent Report — June 2024
Asking rents in ZIP 90503, Los Angeles, from 623 listings.
Median 1BR rent in Torrance was $2,376 in June 2024, up 13.4% (+$281) from May 2024 and up 10.5% year-over-year. The middle half of 1BR listings asked between $2,095 and $2,451. That puts Torrance $276 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 623 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,900 | +$175 (+10.1%) | +$27 (+1.4%) | $1,900 – $1,900 | 2 |
| Studio | $2,125 | +$400 (+23.2%) | +$252 (+13.5%) | $2,032 – $2,208 | 146 |
| 1BR | $2,376 | +$281 (+13.4%) | +$226 (+10.5%) | $2,095 – $2,451 | 106 |
| 1BR | $1,950 | −$145 (-6.9%) | −$200 (-9.3%) | $1,950 – $1,950 | 1 |
| 2BR | $3,100 | +$10 (+0.3%) | +$705 (+29.4%) | $2,745 – $3,323 | 283 |
| 2BR | $2,450 | −$640 (-20.7%) | +$55 (+2.3%) | $2,450 – $2,450 | 1 |
| 3BR | $3,550 | −$275 (-7.2%) | −$497 (-12.3%) | $3,550 – $3,550 | 1 |
| 3BR | $4,200 | +$375 (+9.8%) | +$153 (+3.8%) | $3,500 – $4,463 | 64 |
| 4BR | $4,950 | +$605 (+13.9%) | −$50 (-1.0%) | $4,950 – $4,950 | 1 |
| 4BR | $5,300 | +$955 (+22.0%) | +$300 (+6.0%) | $5,250 – $5,750 | 12 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — June 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,900 | $1,759 | +$141 (+8.0%) |
| Studio | $2,125 | $1,759 | +$366 (+20.8%) |
| 1BR | $2,376 | $2,100 | +$276 (+13.1%) |
| 1BR | $1,950 | $2,100 | −$150 (-7.1%) |
| 2BR | $3,100 | $2,885 | +$215 (+7.5%) |
| 2BR | $2,450 | $2,885 | −$435 (-15.1%) |
| 3BR | $3,550 | $3,900 | −$350 (-9.0%) |
| 3BR | $4,200 | $3,900 | +$300 (+7.7%) |
| 4BR | $4,950 | $5,000 | −$50 (-1.0%) |
| 4BR | $5,300 | $5,000 | +$300 (+6.0%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in June 2024.