Monthly Rent Report
Torrance Rent Report — August 2023
Asking rents in ZIP 90504, Los Angeles, from 26 listings.
Median 1BR rent in Torrance was $2,275 in August 2023, up 14.0% (+$280) from July 2023 and down 1.1% year-over-year. The middle half of 1BR listings asked between $2,163 and $2,313. That puts Torrance $175 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 26 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,723 | +$73 (+4.4%) | +$73 (+4.4%) | $1,659 – $1,786 | 2 |
| Studio | $1,650 | $0 (0.0%) | $0 (0.0%) | $1,638 – $1,650 | 3 |
| 1BR | $2,275 | +$280 (+14.0%) | −$25 (-1.1%) | $2,163 – $2,313 | 3 |
| 1BR | $1,750 | −$245 (-12.3%) | −$550 (-23.9%) | $1,450 – $2,050 | 2 |
| 2BR | $2,350 | −$400 (-14.5%) | −$647 (-21.6%) | $2,350 – $2,350 | 6 |
| 2BR | $2,995 | +$245 (+8.9%) | −$2 (-0.1%) | $2,995 – $2,995 | 1 |
| 3BR | $3,923 | −$45 (-1.1%) | +$1,123 (+40.1%) | $3,900 – $4,099 | 6 |
| 3BR | $3,600 | −$367 (-9.3%) | +$800 (+28.6%) | $3,600 – $3,600 | 1 |
| 4BR | $5,125 | −$1,075 (-17.3%) | +$3,125 (+156.3%) | $4,713 – $5,538 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — August 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,723 | $1,775 | −$52 (-3.0%) |
| Studio | $1,650 | $1,775 | −$125 (-7.0%) |
| 1BR | $2,275 | $2,100 | +$175 (+8.3%) |
| 1BR | $1,750 | $2,100 | −$350 (-16.7%) |
| 2BR | $2,350 | $2,895 | −$545 (-18.8%) |
| 2BR | $2,995 | $2,895 | +$100 (+3.5%) |
| 3BR | $3,923 | $3,897 | +$25 (+0.6%) |
| 3BR | $3,600 | $3,897 | −$297 (-7.6%) |
| 4BR | $5,125 | $5,163 | −$37 (-0.7%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.