Monthly Rent Report
Torrance Rent Report — August 2024
Asking rents in ZIP 90503, Los Angeles, from 12 listings.
Median 1BR rent in Torrance was $2,095 in August 2024, up 7.4% (+$145) from July 2024 and down 1.9% year-over-year. The middle half of 1BR listings asked between $2,070 and $2,113. That puts Torrance in line with the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 12 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,725 | −$368 (-17.6%) | −$14 (-0.8%) | $1,725 – $1,725 | 1 |
| 1BR | $2,095 | +$145 (+7.4%) | −$40 (-1.9%) | $2,070 – $2,113 | 4 |
| 2BR | $2,700 | +$205 (+8.2%) | $0 (0.0%) | $2,700 – $2,700 | 2 |
| 2BR | $2,495 | $0 (0.0%) | −$205 (-7.6%) | $2,495 – $2,495 | 1 |
| 3BR | $5,000 | −$950 (-16.0%) | +$500 (+11.1%) | $5,000 – $5,000 | 1 |
| 4BR | $5,500 | −$100 (-1.8%) | +$500 (+10.0%) | $5,500 – $5,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — August 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,725 | $1,750 | −$25 (-1.4%) |
| 1BR | $2,095 | $2,095 | $0 (0.0%) |
| 2BR | $2,700 | $2,795 | −$95 (-3.4%) |
| 2BR | $2,495 | $2,795 | −$300 (-10.7%) |
| 3BR | $5,000 | $4,000 | +$1,000 (+25.0%) |
| 4BR | $5,500 | $4,895 | +$605 (+12.4%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.