Monthly Rent Report
Torrance Rent Report — March 2024
Asking rents in ZIP 90504, Los Angeles, from 137 listings.
Median 1BR rent in Torrance was $2,000 in March 2024, down 3.6% (−$75) from February 2024 and down 4.8% year-over-year. The middle half of 1BR listings asked between $1,795 and $2,275. That puts Torrance $145 below the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 137 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,345 | −$677 (-33.5%) | −$305 (-18.5%) | $1,345 – $1,345 | 1 |
| Studio | $1,600 | −$422 (-20.9%) | −$50 (-3.0%) | $1,475 – $1,795 | 9 |
| 1BR | $2,000 | −$75 (-3.6%) | −$100 (-4.8%) | $1,795 – $2,275 | 17 |
| 1BR | $2,275 | +$200 (+9.6%) | +$175 (+8.3%) | $2,275 – $2,275 | 1 |
| 2BR | $2,695 | +$100 (+3.9%) | +$400 (+17.4%) | $2,695 – $2,695 | 1 |
| 2BR | $2,650 | +$55 (+2.1%) | +$355 (+15.5%) | $2,375 – $3,200 | 47 |
| 3BR | $3,700 | −$300 (-7.5%) | −$195 (-5.0%) | $3,500 – $3,900 | 23 |
| 3BR | $3,700 | −$300 (-7.5%) | −$195 (-5.0%) | $3,450 – $3,900 | 24 |
| 4BR | $5,800 | +$1,305 (+29.0%) | +$1,600 (+38.1%) | $4,300 – $5,800 | 9 |
| 4BR | $4,300 | −$195 (-4.3%) | +$100 (+2.4%) | $4,300 – $5,800 | 5 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — March 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,345 | $1,723 | −$377 (-21.9%) |
| Studio | $1,600 | $1,723 | −$122 (-7.1%) |
| 1BR | $2,000 | $2,145 | −$145 (-6.8%) |
| 1BR | $2,275 | $2,145 | +$130 (+6.1%) |
| 2BR | $2,695 | $2,850 | −$155 (-5.4%) |
| 2BR | $2,650 | $2,850 | −$200 (-7.0%) |
| 3BR | $3,700 | $3,762 | −$62 (-1.6%) |
| 3BR | $3,700 | $3,762 | −$62 (-1.6%) |
| 4BR | $5,800 | $4,950 | +$850 (+17.2%) |
| 4BR | $4,300 | $4,950 | −$650 (-13.1%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.