Monthly Rent Report
Torrance Rent Report — September 2024
Asking rents in ZIP 90504, Los Angeles, from 24 listings.
Median 1BR rent in Torrance was $2,175 in September 2024, up 9.0% (+$180) from August 2024 and up 6.1% year-over-year. The middle half of 1BR listings asked between $2,175 and $2,175. That puts Torrance $177 above the Los Angeles citywide 1BR median of $1,999. The month's figures are based on 24 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,465 | −$185 (-11.2%) | −$185 (-11.2%) | $1,465 – $1,465 | 1 |
| 1BR | $2,175 | +$180 (+9.0%) | +$125 (+6.1%) | $2,175 – $2,175 | 2 |
| 2BR | $3,175 | +$680 (+27.3%) | +$753 (+31.1%) | $3,175 – $3,175 | 1 |
| 2BR | $2,648 | +$153 (+6.1%) | +$225 (+9.3%) | $2,295 – $3,000 | 6 |
| 3BR | $4,500 | +$300 (+7.1%) | +$500 (+12.5%) | $4,500 – $4,500 | 1 |
| 3BR | $4,473 | +$273 (+6.5%) | +$473 (+11.8%) | $4,334 – $4,611 | 2 |
| 4BR | $4,200 | −$550 (-11.6%) | +$300 (+7.7%) | $4,100 – $4,350 | 11 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — September 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,465 | $1,755 | −$290 (-16.5%) |
| 1BR | $2,175 | $1,999 | +$177 (+8.8%) |
| 2BR | $3,175 | $2,795 | +$380 (+13.6%) |
| 2BR | $2,648 | $2,795 | −$147 (-5.3%) |
| 3BR | $4,500 | $3,850 | +$650 (+16.9%) |
| 3BR | $4,473 | $3,850 | +$623 (+16.2%) |
| 4BR | $4,200 | $4,995 | −$795 (-15.9%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in September 2024.