Monthly Rent Report
Torrance Rent Report — December 2023
Asking rents in ZIP 90504, Los Angeles, from 73 listings.
Median 1BR rent in Torrance was $1,150 in December 2023, down 53.9% (−$1,345) from November 2023 and down 42.4% year-over-year. The middle half of 1BR listings asked between $1,150 and $1,150. That puts Torrance $979 below the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 73 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,800 | $0 (0.0%) | +$50 (+2.9%) | $1,725 – $1,906 | 8 |
| Studio | $1,850 | +$50 (+2.8%) | +$100 (+5.7%) | $1,750 – $2,000 | 18 |
| 1BR | $1,150 | −$1,345 (-53.9%) | −$845 (-42.4%) | $1,150 – $1,150 | 1 |
| 1BR | $2,235 | −$260 (-10.4%) | +$240 (+12.0%) | $2,076 – $2,421 | 36 |
| 2BR | $2,995 | +$435 (+17.0%) | −$400 (-11.8%) | $2,995 – $2,995 | 1 |
| 2BR | $2,350 | −$210 (-8.2%) | −$1,045 (-30.8%) | $2,213 – $2,650 | 3 |
| 3BR | $3,600 | +$100 (+2.9%) | −$3,900 (-52.0%) | $3,600 – $3,600 | 1 |
| 3BR | $4,000 | +$500 (+14.3%) | −$3,500 (-46.7%) | $4,000 – $4,000 | 1 |
| 4BR | $6,000 | +$2,200 (+57.9%) | +$1,500 (+33.3%) | $6,000 – $6,000 | 2 |
| 4BR | $6,000 | +$2,200 (+57.9%) | +$1,500 (+33.3%) | $6,000 – $6,000 | 2 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — December 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,800 | $1,750 | +$50 (+2.9%) |
| Studio | $1,850 | $1,750 | +$100 (+5.7%) |
| 1BR | $1,150 | $2,129 | −$979 (-46.0%) |
| 1BR | $2,235 | $2,129 | +$106 (+5.0%) |
| 2BR | $2,995 | $2,795 | +$200 (+7.2%) |
| 2BR | $2,350 | $2,795 | −$445 (-15.9%) |
| 3BR | $3,600 | $3,923 | −$322 (-8.2%) |
| 3BR | $4,000 | $3,923 | +$78 (+2.0%) |
| 4BR | $6,000 | $4,750 | +$1,250 (+26.3%) |
| 4BR | $6,000 | $4,750 | +$1,250 (+26.3%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.