Monthly Rent Report
Torrance Rent Report — May 2023
Asking rents in ZIP 90504, Los Angeles, from 49 listings.
Median 1BR rent in Torrance was $2,275 in May 2023, up 11.0% (+$225) from April 2023 and up 33.8% year-over-year. The middle half of 1BR listings asked between $2,275 and $2,275. That puts Torrance $153 above the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 49 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,625 | −$25 (-1.5%) | +$75 (+4.8%) | $1,600 – $1,650 | 6 |
| Studio | $1,600 | −$50 (-3.0%) | +$50 (+3.2%) | $1,600 – $1,600 | 1 |
| 1BR | $2,275 | +$225 (+11.0%) | +$575 (+33.8%) | $2,275 – $2,275 | 1 |
| 1BR | $1,900 | −$150 (-7.3%) | +$200 (+11.8%) | $1,696 – $2,199 | 14 |
| 2BR | $2,195 | −$450 (-17.0%) | −$680 (-23.7%) | $2,195 – $2,195 | 1 |
| 2BR | $2,575 | −$70 (-2.6%) | −$300 (-10.4%) | $2,259 – $2,744 | 14 |
| 3BR | $4,500 | +$900 (+25.0%) | +$1,850 (+69.8%) | $4,500 – $4,500 | 1 |
| 3BR | $3,200 | −$400 (-11.1%) | +$550 (+20.8%) | $3,025 – $4,000 | 11 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — May 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,625 | $1,750 | −$125 (-7.1%) |
| Studio | $1,600 | $1,750 | −$150 (-8.6%) |
| 1BR | $2,275 | $2,122 | +$153 (+7.2%) |
| 1BR | $1,900 | $2,122 | −$222 (-10.5%) |
| 2BR | $2,195 | $2,780 | −$585 (-21.0%) |
| 2BR | $2,575 | $2,780 | −$205 (-7.4%) |
| 3BR | $4,500 | $3,943 | +$558 (+14.1%) |
| 3BR | $3,200 | $3,943 | −$742 (-18.8%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.