Monthly Rent Report
Torrance Rent Report — July 2023
Asking rents in ZIP 90504, Los Angeles, from 30 listings.
Median 1BR rent in Torrance was $1,995 in July 2023, up 73.5% (+$845) from June 2023 and up 5.3% year-over-year. The middle half of 1BR listings asked between $1,995 and $1,995. That puts Torrance $130 below the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 30 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | $0 (0.0%) | −$50 (-2.9%) | $1,625 – $1,750 | 3 |
| Studio | $1,650 | $0 (0.0%) | −$50 (-2.9%) | $1,625 – $1,750 | 11 |
| 1BR | $1,995 | +$845 (+73.5%) | +$100 (+5.3%) | $1,995 – $1,995 | 1 |
| 1BR | $1,150 | $0 (0.0%) | −$745 (-39.3%) | $1,150 – $1,150 | 1 |
| 2BR | $2,450 | −$305 (-11.1%) | −$700 (-22.2%) | $2,450 – $2,495 | 5 |
| 2BR | $2,750 | −$5 (-0.2%) | −$400 (-12.7%) | $2,750 – $2,750 | 1 |
| 3BR | $3,288 | −$312 (-8.7%) | −$612 (-15.7%) | $3,120 – $3,457 | 2 |
| 3BR | $3,968 | +$368 (+10.2%) | +$68 (+1.7%) | $3,925 – $4,026 | 4 |
| 4BR | $6,200 | +$1,725 (+38.5%) | — | $6,200 – $6,200 | 1 |
| 4BR | $4,500 | +$25 (+0.6%) | — | $4,500 – $4,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — July 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,800 | −$150 (-8.3%) |
| Studio | $1,650 | $1,800 | −$150 (-8.3%) |
| 1BR | $1,995 | $2,125 | −$130 (-6.1%) |
| 1BR | $1,150 | $2,125 | −$975 (-45.9%) |
| 2BR | $2,450 | $2,873 | −$423 (-14.7%) |
| 2BR | $2,750 | $2,873 | −$123 (-4.3%) |
| 3BR | $3,288 | $3,836 | −$548 (-14.3%) |
| 3BR | $3,968 | $3,836 | +$132 (+3.4%) |
| 4BR | $6,200 | $4,572 | +$1,628 (+35.6%) |
| 4BR | $4,500 | $4,572 | −$72 (-1.6%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.