Monthly Rent Report
Torrance Rent Report — July 2024
Asking rents in ZIP 90503, Los Angeles, from 104 listings.
Median 1BR rent in Torrance was $1,950 in July 2024, flat versus June 2024 and down 14.3% year-over-year. The middle half of 1BR listings asked between $1,950 and $1,950. That puts Torrance $145 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 104 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,695 | −$205 (-10.8%) | +$195 (+13.0%) | $1,695 – $1,695 | 1 |
| Studio | $2,093 | +$193 (+10.2%) | +$593 (+39.5%) | $2,070 – $2,309 | 66 |
| 1BR | $1,950 | $0 (0.0%) | −$325 (-14.3%) | $1,950 – $1,950 | 4 |
| 1BR | $2,095 | +$145 (+7.4%) | −$180 (-7.9%) | $2,095 – $2,095 | 1 |
| 2BR | $2,495 | −$605 (-19.5%) | −$225 (-8.3%) | $2,495 – $2,495 | 1 |
| 2BR | $2,700 | −$400 (-12.9%) | −$20 (-0.7%) | $2,700 – $2,700 | 1 |
| 3BR | $3,995 | −$205 (-4.9%) | +$196 (+5.2%) | $3,500 – $4,395 | 17 |
| 3BR | $5,950 | +$1,750 (+41.7%) | +$2,151 (+56.6%) | $5,925 – $5,975 | 2 |
| 4BR | $5,050 | −$250 (-4.7%) | −$1,200 (-19.2%) | $4,775 – $5,325 | 2 |
| 4BR | $5,600 | +$300 (+5.7%) | −$650 (-10.4%) | $5,000 – $6,000 | 9 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — July 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,695 | $1,778 | −$83 (-4.7%) |
| Studio | $2,093 | $1,778 | +$315 (+17.7%) |
| 1BR | $1,950 | $2,095 | −$145 (-6.9%) |
| 1BR | $2,095 | $2,095 | $0 (0.0%) |
| 2BR | $2,495 | $2,835 | −$340 (-12.0%) |
| 2BR | $2,700 | $2,835 | −$135 (-4.8%) |
| 3BR | $3,995 | $3,900 | +$95 (+2.4%) |
| 3BR | $5,950 | $3,900 | +$2,050 (+52.6%) |
| 4BR | $5,050 | $5,270 | −$220 (-4.2%) |
| 4BR | $5,600 | $5,270 | +$330 (+6.3%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in July 2024.