Monthly Rent Report
Torrance Rent Report — May 2024
Asking rents in ZIP 90504, Los Angeles, from 179 listings.
Median 1BR rent in Torrance was $2,275 in May 2024, flat versus April 2024 and up 19.7% year-over-year. The middle half of 1BR listings asked between $2,275 and $2,275. That puts Torrance $180 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 179 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,600 | −$300 (-15.8%) | $0 (0.0%) | $1,595 – $1,800 | 21 |
| Studio | $1,800 | −$100 (-5.3%) | +$200 (+12.5%) | $1,648 – $1,800 | 3 |
| 1BR | $2,275 | $0 (0.0%) | +$375 (+19.7%) | $2,275 – $2,275 | 1 |
| 1BR | $1,995 | −$280 (-12.3%) | +$95 (+5.0%) | $1,795 – $2,275 | 47 |
| 2BR | $2,195 | −$200 (-8.4%) | −$380 (-14.8%) | $2,195 – $2,195 | 1 |
| 2BR | $2,645 | +$250 (+10.4%) | +$70 (+2.7%) | $2,345 – $2,900 | 51 |
| 3BR | $3,925 | −$122 (-3.0%) | −$575 (-12.8%) | $3,200 – $4,695 | 50 |
| 3BR | $3,550 | −$497 (-12.3%) | −$950 (-21.1%) | $3,550 – $3,550 | 1 |
| 4BR | $4,100 | −$400 (-8.9%) | — | $4,100 – $4,100 | 1 |
| 4BR | $4,100 | −$400 (-8.9%) | — | $4,100 – $4,950 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — May 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,600 | $1,795 | −$195 (-10.9%) |
| Studio | $1,800 | $1,795 | +$5 (+0.3%) |
| 1BR | $2,275 | $2,095 | +$180 (+8.6%) |
| 1BR | $1,995 | $2,095 | −$100 (-4.8%) |
| 2BR | $2,195 | $2,850 | −$655 (-23.0%) |
| 2BR | $2,645 | $2,850 | −$205 (-7.2%) |
| 3BR | $3,925 | $3,969 | −$43 (-1.1%) |
| 3BR | $3,550 | $3,969 | −$418 (-10.5%) |
| 4BR | $4,100 | $5,175 | −$1,075 (-20.8%) |
| 4BR | $4,100 | $5,175 | −$1,075 (-20.8%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.