Monthly Rent Report
Torrance Rent Report — October 2023
Asking rents in ZIP 90504, Los Angeles, from 59 listings.
Median 1BR rent in Torrance was $1,998 in October 2023, up 73.7% (+$848) from September 2023 and up 0.1% year-over-year. The middle half of 1BR listings asked between $1,659 and $2,300. That puts Torrance in line with the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 59 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,825 | +$175 (+10.6%) | −$450 (-19.8%) | $1,800 – $2,244 | 10 |
| Studio | $1,800 | +$150 (+9.1%) | −$475 (-20.9%) | $1,800 – $2,088 | 3 |
| 1BR | $1,998 | +$848 (+73.7%) | +$3 (+0.1%) | $1,659 – $2,300 | 4 |
| 1BR | $1,895 | +$745 (+64.8%) | −$100 (-5.0%) | $1,695 – $2,300 | 17 |
| 2BR | $2,550 | +$128 (+5.3%) | −$174 (-6.4%) | $2,388 – $2,785 | 11 |
| 2BR | $2,250 | −$172 (-7.1%) | −$474 (-17.4%) | $2,200 – $2,373 | 3 |
| 3BR | $3,800 | +$50 (+1.3%) | +$100 (+2.7%) | $3,800 – $3,800 | 1 |
| 3BR | $4,195 | +$445 (+11.9%) | +$495 (+13.4%) | $3,600 – $5,400 | 8 |
| 4BR | $3,800 | −$2,150 (-36.1%) | −$400 (-9.5%) | $3,800 – $3,800 | 1 |
| 4BR | $3,500 | −$2,450 (-41.2%) | −$700 (-16.7%) | $3,500 – $3,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — October 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,825 | $1,700 | +$125 (+7.4%) |
| Studio | $1,800 | $1,700 | +$100 (+5.9%) |
| 1BR | $1,998 | $1,998 | $0 (0.0%) |
| 1BR | $1,895 | $1,998 | −$102 (-5.1%) |
| 2BR | $2,550 | $2,750 | −$200 (-7.3%) |
| 2BR | $2,250 | $2,750 | −$500 (-18.2%) |
| 3BR | $3,800 | $4,195 | −$395 (-9.4%) |
| 3BR | $4,195 | $4,195 | $0 (0.0%) |
| 4BR | $3,800 | $5,275 | −$1,475 (-28.0%) |
| 4BR | $3,500 | $5,275 | −$1,775 (-33.6%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.