Monthly Rent Report
Torrance Rent Report — September 2023
Asking rents in ZIP 90504, Los Angeles, from 14 listings.
Median 1BR rent in Torrance was $2,050 in September 2023, up 17.1% (+$300) from August 2023 and down 26.1% year-over-year. The middle half of 1BR listings asked between $2,050 and $2,050. That puts Torrance $50 above the Los Angeles citywide 1BR median of $2,000. The month's figures are based on 14 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | −$72 (-4.2%) | −$25 (-1.5%) | $1,650 – $1,650 | 1 |
| 1BR | $2,050 | +$300 (+17.1%) | −$725 (-26.1%) | $2,050 – $2,050 | 1 |
| 1BR | $1,150 | −$600 (-34.3%) | −$1,625 (-58.6%) | $1,150 – $1,150 | 1 |
| 2BR | $2,475 | −$520 (-17.4%) | −$220 (-8.2%) | $2,475 – $2,475 | 1 |
| 2BR | $2,423 | −$572 (-19.1%) | −$272 (-10.1%) | $2,245 – $2,736 | 4 |
| 3BR | $4,000 | +$400 (+11.1%) | +$1,000 (+33.3%) | $4,000 – $4,000 | 1 |
| 3BR | $3,750 | +$150 (+4.2%) | +$750 (+25.0%) | $3,525 – $3,848 | 3 |
| 4BR | $3,900 | −$1,225 (-23.9%) | −$300 (-7.1%) | $3,900 – $3,900 | 1 |
| 4BR | $5,950 | +$825 (+16.1%) | +$1,750 (+41.7%) | $5,950 – $5,950 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — September 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,795 | −$145 (-8.1%) |
| 1BR | $2,050 | $2,000 | +$50 (+2.5%) |
| 1BR | $1,150 | $2,000 | −$850 (-42.5%) |
| 2BR | $2,475 | $2,750 | −$275 (-10.0%) |
| 2BR | $2,423 | $2,750 | −$327 (-11.9%) |
| 3BR | $4,000 | $3,948 | +$53 (+1.3%) |
| 3BR | $3,750 | $3,948 | −$197 (-5.0%) |
| 4BR | $3,900 | $5,000 | −$1,100 (-22.0%) |
| 4BR | $5,950 | $5,000 | +$950 (+19.0%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in September 2023.