Monthly Rent Report
Torrance Rent Report — August 2024
Asking rents in ZIP 90504, Los Angeles, from 26 listings.
Median 1BR rent in Torrance was $1,995 in August 2024, down 9.8% (−$217) from July 2024 and up 14.0% year-over-year. The middle half of 1BR listings asked between $1,995 and $1,995. That puts Torrance $100 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 26 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | +$650 (+65.0%) | $0 (0.0%) | $1,650 – $1,650 | 1 |
| 1BR | $1,995 | −$217 (-9.8%) | +$245 (+14.0%) | $1,995 – $1,995 | 1 |
| 2BR | $2,495 | −$300 (-10.7%) | +$145 (+6.2%) | $2,495 – $2,495 | 1 |
| 3BR | $4,200 | +$700 (+20.0%) | +$600 (+16.7%) | $4,200 – $4,200 | 1 |
| 4BR | $4,750 | +$50 (+1.1%) | −$375 (-7.3%) | $4,500 – $5,746 | 22 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — August 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,750 | −$100 (-5.7%) |
| 1BR | $1,995 | $2,095 | −$100 (-4.8%) |
| 2BR | $2,495 | $2,795 | −$300 (-10.7%) |
| 3BR | $4,200 | $4,000 | +$200 (+5.0%) |
| 4BR | $4,750 | $4,895 | −$145 (-3.0%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.