Monthly Rent Report
Torrance Rent Report — July 2024
Asking rents in ZIP 90504, Los Angeles, from 54 listings.
Median 1BR rent in Torrance was $2,175 in July 2024, up 6.1% (+$125) from June 2024 and up 89.1% year-over-year. The middle half of 1BR listings asked between $1,935 and $2,323. That puts Torrance $80 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 54 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | +$50 (+3.1%) | $0 (0.0%) | $1,600 – $1,988 | 7 |
| Studio | $1,000 | −$600 (-37.5%) | −$650 (-39.4%) | $1,000 – $1,000 | 1 |
| 1BR | $2,175 | +$125 (+6.1%) | +$1,025 (+89.1%) | $1,935 – $2,323 | 15 |
| 1BR | $2,213 | +$163 (+7.9%) | +$1,063 (+92.4%) | $2,181 – $2,244 | 2 |
| 2BR | $2,795 | $0 (0.0%) | +$45 (+1.6%) | $2,295 – $2,950 | 9 |
| 2BR | $2,995 | +$200 (+7.2%) | +$245 (+8.9%) | $2,995 – $2,995 | 1 |
| 3BR | $3,995 | +$195 (+5.1%) | +$28 (+0.7%) | $3,650 – $4,198 | 7 |
| 3BR | $3,500 | −$300 (-7.9%) | −$467 (-11.8%) | $3,500 – $3,500 | 1 |
| 4BR | $4,700 | −$100 (-2.1%) | +$200 (+4.4%) | $4,600 – $5,821 | 10 |
| 4BR | $4,300 | −$500 (-10.4%) | −$200 (-4.4%) | $4,300 – $4,300 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — July 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,778 | −$128 (-7.2%) |
| Studio | $1,000 | $1,778 | −$778 (-43.8%) |
| 1BR | $2,175 | $2,095 | +$80 (+3.8%) |
| 1BR | $2,213 | $2,095 | +$118 (+5.6%) |
| 2BR | $2,795 | $2,835 | −$40 (-1.4%) |
| 2BR | $2,995 | $2,835 | +$160 (+5.6%) |
| 3BR | $3,995 | $3,900 | +$95 (+2.4%) |
| 3BR | $3,500 | $3,900 | −$400 (-10.3%) |
| 4BR | $4,700 | $5,270 | −$570 (-10.8%) |
| 4BR | $4,300 | $5,270 | −$970 (-18.4%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in July 2024.