Monthly Rent Report
Torrance Rent Report — February 2024
Asking rents in ZIP 90504, Los Angeles, from 143 listings.
Median 1BR rent in Torrance was $2,075 in February 2024, up 3.4% (+$68) from January 2024 and up 12.2% year-over-year. The middle half of 1BR listings asked between $1,975 and $2,300. That puts Torrance $120 below the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 143 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,023 | +$198 (+10.8%) | +$448 (+28.4%) | $1,909 – $2,136 | 2 |
| Studio | $1,825 | $0 (0.0%) | +$250 (+15.9%) | $1,761 – $2,206 | 18 |
| 1BR | $2,075 | +$68 (+3.4%) | +$225 (+12.2%) | $1,975 – $2,300 | 36 |
| 1BR | $1,150 | −$857 (-42.7%) | −$700 (-37.8%) | $1,150 – $1,150 | 1 |
| 2BR | $2,595 | −$210 (-7.5%) | −$1,405 (-35.1%) | $2,350 – $2,815 | 33 |
| 2BR | $2,595 | −$210 (-7.5%) | −$1,405 (-35.1%) | $2,595 – $2,595 | 1 |
| 3BR | $4,000 | −$250 (-5.9%) | +$5 (+0.1%) | $3,750 – $6,500 | 35 |
| 3BR | $3,999 | −$251 (-5.9%) | +$4 (+0.1%) | $3,999 – $3,999 | 1 |
| 4BR | $4,495 | $0 (0.0%) | −$305 (-6.4%) | $4,345 – $4,500 | 15 |
| 4BR | $4,495 | $0 (0.0%) | −$305 (-6.4%) | $4,495 – $4,495 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — February 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,023 | $1,750 | +$273 (+15.6%) |
| Studio | $1,825 | $1,750 | +$76 (+4.3%) |
| 1BR | $2,075 | $2,195 | −$120 (-5.5%) |
| 1BR | $1,150 | $2,195 | −$1,045 (-47.6%) |
| 2BR | $2,595 | $2,850 | −$255 (-8.9%) |
| 2BR | $2,595 | $2,850 | −$255 (-8.9%) |
| 3BR | $4,000 | $3,995 | +$5 (+0.1%) |
| 3BR | $3,999 | $3,995 | +$4 (+0.1%) |
| 4BR | $4,495 | $5,000 | −$505 (-10.1%) |
| 4BR | $4,495 | $5,000 | −$505 (-10.1%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.