Monthly Rent Report
Torrance Rent Report — June 2023
Asking rents in ZIP 90504, Los Angeles, from 30 listings.
Median 1BR rent in Torrance was $1,150 in June 2023, down 39.5% (−$750) from May 2023 and down 42.5% year-over-year. The middle half of 1BR listings asked between $1,150 and $1,150. That puts Torrance $950 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 30 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | +$50 (+3.1%) | +$101 (+6.5%) | $1,625 – $1,650 | 3 |
| Studio | $1,650 | +$50 (+3.1%) | +$101 (+6.5%) | $1,625 – $1,650 | 3 |
| 1BR | $1,150 | −$750 (-39.5%) | −$850 (-42.5%) | $1,150 – $1,150 | 2 |
| 1BR | $2,135 | +$235 (+12.4%) | +$135 (+6.8%) | $1,793 – $2,275 | 6 |
| 2BR | $2,800 | +$605 (+27.6%) | +$500 (+21.7%) | $2,800 – $2,800 | 1 |
| 2BR | $2,755 | +$560 (+25.5%) | +$455 (+19.8%) | $2,550 – $2,874 | 5 |
| 3BR | $3,475 | +$275 (+8.6%) | −$225 (-6.1%) | $3,475 – $3,475 | 1 |
| 3BR | $3,600 | +$400 (+12.5%) | −$100 (-2.7%) | $3,600 – $3,750 | 5 |
| 4BR | $4,475 | — | +$876 (+24.3%) | $4,313 – $4,638 | 2 |
| 4BR | $4,475 | — | +$876 (+24.3%) | $4,313 – $4,638 | 2 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — June 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,758 | −$108 (-6.1%) |
| Studio | $1,650 | $1,758 | −$108 (-6.1%) |
| 1BR | $1,150 | $2,100 | −$950 (-45.2%) |
| 1BR | $2,135 | $2,100 | +$35 (+1.7%) |
| 2BR | $2,800 | $2,900 | −$100 (-3.4%) |
| 2BR | $2,755 | $2,900 | −$145 (-5.0%) |
| 3BR | $3,475 | $3,850 | −$375 (-9.7%) |
| 3BR | $3,600 | $3,850 | −$250 (-6.5%) |
| 4BR | $4,475 | $5,100 | −$625 (-12.3%) |
| 4BR | $4,475 | $5,100 | −$625 (-12.3%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in June 2023.