Monthly Rent Report
Torrance Rent Report — October 2024
Asking rents in ZIP 90503, Los Angeles, from 120 listings.
Median 1BR rent in Torrance was $1,925 in October 2024, down 8.1% (−$170) from September 2024 and down 3.8% year-over-year. The middle half of 1BR listings asked between $1,850 and $2,075. That puts Torrance $86 below the Los Angeles citywide 1BR median of $2,011. The month's figures are based on 120 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,500 | −$443 (-22.8%) | +$50 (+3.4%) | $1,500 – $1,500 | 1 |
| Studio | $1,860 | −$83 (-4.3%) | +$410 (+28.3%) | $1,813 – $1,888 | 85 |
| 1BR | $1,925 | −$170 (-8.1%) | −$75 (-3.8%) | $1,850 – $2,075 | 4 |
| 1BR | $2,195 | +$100 (+4.8%) | +$195 (+9.8%) | $2,195 – $2,195 | 1 |
| 2BR | $2,550 | +$400 (+18.6%) | +$100 (+4.1%) | $2,369 – $2,550 | 8 |
| 2BR | $2,550 | +$400 (+18.6%) | +$100 (+4.1%) | $2,423 – $2,713 | 3 |
| 3BR | $5,950 | +$2,255 (+61.0%) | +$1,700 (+40.0%) | $4,350 – $5,950 | 5 |
| 3BR | $4,700 | +$1,005 (+27.2%) | +$450 (+10.6%) | $4,700 – $4,700 | 1 |
| 4BR | $10,000 | +$4,550 (+83.5%) | +$5,900 (+143.9%) | $10,000 – $10,000 | 9 |
| 4BR | $5,395 | −$55 (-1.0%) | +$1,295 (+31.6%) | $5,395 – $5,395 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — October 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,500 | $1,700 | −$200 (-11.8%) |
| Studio | $1,860 | $1,700 | +$160 (+9.4%) |
| 1BR | $1,925 | $2,011 | −$86 (-4.3%) |
| 1BR | $2,195 | $2,011 | +$184 (+9.1%) |
| 2BR | $2,550 | $2,727 | −$177 (-6.5%) |
| 2BR | $2,550 | $2,727 | −$177 (-6.5%) |
| 3BR | $5,950 | $3,816 | +$2,134 (+55.9%) |
| 3BR | $4,700 | $3,816 | +$884 (+23.2%) |
| 4BR | $10,000 | $5,225 | +$4,775 (+91.4%) |
| 4BR | $5,395 | $5,225 | +$170 (+3.3%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in October 2024.