Monthly Rent Report
Torrance Rent Report — November 2024
Asking rents in ZIP 90503, Los Angeles, from 21 listings.
Median 1BR rent in Torrance was $2,150 in November 2024, down 2.1% (−$45) from October 2024 and down 2.1% year-over-year. The middle half of 1BR listings asked between $2,150 and $2,150. That puts Torrance $78 above the Los Angeles citywide 1BR median of $2,073. The month's figures are based on 21 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,695 | −$165 (-8.9%) | −$300 (-15.0%) | $1,695 – $1,695 | 2 |
| 1BR | $2,150 | −$45 (-2.1%) | −$45 (-2.1%) | $2,150 – $2,150 | 1 |
| 1BR | $2,348 | +$153 (+6.9%) | +$153 (+6.9%) | $2,249 – $2,395 | 4 |
| 2BR | $2,550 | $0 (0.0%) | +$50 (+2.0%) | $2,475 – $2,595 | 5 |
| 2BR | $2,395 | −$155 (-6.1%) | −$105 (-4.2%) | $2,395 – $2,395 | 1 |
| 3BR | $3,475 | −$2,475 (-41.6%) | −$525 (-13.1%) | $3,475 – $3,475 | 1 |
| 3BR | $3,475 | −$2,475 (-41.6%) | −$525 (-13.1%) | $3,475 – $3,475 | 1 |
| 4BR | $6,948 | −$3,052 (-30.5%) | +$2,848 (+69.5%) | $6,171 – $7,724 | 2 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — November 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,695 | $1,750 | −$55 (-3.1%) |
| 1BR | $2,150 | $2,073 | +$78 (+3.7%) |
| 1BR | $2,348 | $2,073 | +$275 (+13.3%) |
| 2BR | $2,550 | $2,850 | −$300 (-10.5%) |
| 2BR | $2,395 | $2,850 | −$455 (-16.0%) |
| 3BR | $3,475 | $3,895 | −$420 (-10.8%) |
| 3BR | $3,475 | $3,895 | −$420 (-10.8%) |
| 4BR | $6,948 | $5,220 | +$1,728 (+33.1%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in November 2024.