Monthly Rent Report
Torrance Rent Report — April 2023
Asking rents in ZIP 90504, Los Angeles, from 94 listings.
Median 1BR rent in Torrance was $2,050 in April 2023, down 2.3% (−$47) from March 2023 and up 18.8% year-over-year. The middle half of 1BR listings asked between $1,790 and $2,125. That puts Torrance $47 below the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 94 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | $0 (0.0%) | +$100 (+6.5%) | $1,650 – $1,650 | 1 |
| Studio | $1,650 | $0 (0.0%) | +$100 (+6.5%) | $1,650 – $1,700 | 14 |
| 1BR | $2,050 | −$47 (-2.3%) | +$325 (+18.8%) | $1,790 – $2,125 | 20 |
| 1BR | $2,050 | −$47 (-2.3%) | +$325 (+18.8%) | $1,790 – $2,125 | 20 |
| 2BR | $2,645 | +$350 (+15.3%) | +$295 (+12.6%) | $2,565 – $2,800 | 16 |
| 2BR | $2,450 | +$155 (+6.8%) | +$100 (+4.3%) | $2,450 – $2,450 | 1 |
| 3BR | $3,600 | −$295 (-7.6%) | −$500 (-12.2%) | $3,600 – $3,600 | 1 |
| 3BR | $3,700 | −$195 (-5.0%) | −$400 (-9.8%) | $3,150 – $3,998 | 19 |
| 4BR | $4,500 | +$300 (+7.1%) | +$200 (+4.7%) | $4,500 – $4,500 | 1 |
| 4BR | $4,800 | +$600 (+14.3%) | +$500 (+11.6%) | $4,800 – $4,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — April 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,775 | −$125 (-7.0%) |
| Studio | $1,650 | $1,775 | −$125 (-7.0%) |
| 1BR | $2,050 | $2,097 | −$47 (-2.2%) |
| 1BR | $2,050 | $2,097 | −$47 (-2.2%) |
| 2BR | $2,645 | $2,795 | −$150 (-5.4%) |
| 2BR | $2,450 | $2,795 | −$345 (-12.3%) |
| 3BR | $3,600 | $3,895 | −$295 (-7.6%) |
| 3BR | $3,700 | $3,895 | −$195 (-5.0%) |
| 4BR | $4,500 | $4,970 | −$470 (-9.5%) |
| 4BR | $4,800 | $4,970 | −$170 (-3.4%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in April 2023.