Monthly Rent Report
Torrance Rent Report — March 2023
Asking rents in ZIP 90504, Los Angeles, from 92 listings.
Median 1BR rent in Torrance was $2,098 in March 2023, up 13.4% (+$248) from February 2023 and up 13.7% year-over-year. The middle half of 1BR listings asked between $1,856 and $2,300. That puts Torrance in line with the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 92 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | +$75 (+4.8%) | +$155 (+10.4%) | $1,650 – $1,650 | 1 |
| Studio | $1,650 | +$75 (+4.8%) | +$155 (+10.4%) | $1,595 – $1,750 | 14 |
| 1BR | $2,098 | +$248 (+13.4%) | +$253 (+13.7%) | $1,856 – $2,300 | 16 |
| 1BR | $2,100 | +$250 (+13.5%) | +$255 (+13.8%) | $2,100 – $2,100 | 1 |
| 2BR | $2,724 | −$1,276 (-31.9%) | +$449 (+19.7%) | $2,295 – $2,800 | 16 |
| 2BR | $2,295 | −$1,705 (-42.6%) | +$20 (+0.9%) | $2,295 – $2,295 | 1 |
| 3BR | $3,700 | −$295 (-7.4%) | +$400 (+12.1%) | $3,300 – $3,895 | 35 |
| 3BR | $3,895 | −$100 (-2.5%) | +$595 (+18.0%) | $3,895 – $3,895 | 1 |
| 4BR | $4,500 | +$151 (+3.5%) | +$600 (+15.4%) | $3,975 – $4,725 | 6 |
| 4BR | $4,200 | −$149 (-3.4%) | +$300 (+7.7%) | $4,200 – $4,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — March 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,745 | −$95 (-5.4%) |
| Studio | $1,650 | $1,745 | −$95 (-5.4%) |
| 1BR | $2,098 | $2,097 | +$1 (+0.0%) |
| 1BR | $2,100 | $2,097 | +$3 (+0.2%) |
| 2BR | $2,724 | $2,750 | −$26 (-0.9%) |
| 2BR | $2,295 | $2,750 | −$455 (-16.5%) |
| 3BR | $3,700 | $3,923 | −$222 (-5.7%) |
| 3BR | $3,895 | $3,923 | −$27 (-0.7%) |
| 4BR | $4,500 | $4,760 | −$260 (-5.5%) |
| 4BR | $4,200 | $4,760 | −$560 (-11.8%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.