Monthly Rent Report
Torrance Rent Report — September 2024
Asking rents in ZIP 90503, Los Angeles, from 100 listings.
Median 1BR rent in Torrance was $2,095 in September 2024, flat versus August 2024 and up 8.8% year-over-year. The middle half of 1BR listings asked between $2,095 and $2,095. That puts Torrance $97 above the Los Angeles citywide 1BR median of $1,999. The month's figures are based on 100 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,943 | +$218 (+12.6%) | +$443 (+29.5%) | $1,813 – $2,035 | 65 |
| 1BR | $2,095 | $0 (0.0%) | +$170 (+8.8%) | $2,095 – $2,095 | 1 |
| 1BR | $2,000 | −$95 (-4.5%) | +$75 (+3.9%) | $2,000 – $2,000 | 2 |
| 2BR | $2,150 | −$345 (-13.8%) | +$255 (+13.5%) | $2,150 – $2,150 | 1 |
| 3BR | $3,695 | −$1,305 (-26.1%) | −$605 (-14.1%) | $3,695 – $3,695 | 1 |
| 4BR | $5,450 | −$50 (-0.9%) | +$1,350 (+32.9%) | $4,850 – $5,500 | 29 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — September 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,943 | $1,755 | +$188 (+10.7%) |
| 1BR | $2,095 | $1,999 | +$97 (+4.8%) |
| 1BR | $2,000 | $1,999 | +$2 (+0.1%) |
| 2BR | $2,150 | $2,795 | −$645 (-23.1%) |
| 3BR | $3,695 | $3,850 | −$155 (-4.0%) |
| 4BR | $5,450 | $4,995 | +$455 (+9.1%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in September 2024.