Monthly Rent Report
Torrance Rent Report — October 2024
Asking rents in ZIP 90504, Los Angeles, from 14 listings.
Median 1BR rent in Torrance was $1,150 in October 2024, down 47.1% (−$1,025) from September 2024 and down 39.3% year-over-year. The middle half of 1BR listings asked between $1,150 and $1,150. That puts Torrance $861 below the Los Angeles citywide 1BR median of $2,011. The month's figures are based on 14 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,175 | +$710 (+48.5%) | +$375 (+20.8%) | $2,155 – $2,175 | 4 |
| Studio | $1,695 | +$230 (+15.7%) | −$105 (-5.8%) | $1,695 – $1,695 | 1 |
| 1BR | $1,150 | −$1,025 (-47.1%) | −$745 (-39.3%) | $1,150 – $1,150 | 1 |
| 1BR | $2,350 | +$175 (+8.0%) | +$455 (+24.0%) | $2,350 – $2,350 | 1 |
| 2BR | $2,495 | −$152 (-5.8%) | +$245 (+10.9%) | $2,495 – $2,495 | 1 |
| 2BR | $2,900 | +$253 (+9.5%) | +$650 (+28.9%) | $2,900 – $2,900 | 4 |
| 3BR | $6,500 | +$2,028 (+45.3%) | +$2,305 (+54.9%) | $6,500 – $6,500 | 1 |
| 4BR | $3,950 | −$250 (-6.0%) | +$450 (+12.9%) | $3,950 – $3,950 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — October 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,175 | $1,700 | +$475 (+27.9%) |
| Studio | $1,695 | $1,700 | −$5 (-0.3%) |
| 1BR | $1,150 | $2,011 | −$861 (-42.8%) |
| 1BR | $2,350 | $2,011 | +$339 (+16.8%) |
| 2BR | $2,495 | $2,727 | −$232 (-8.5%) |
| 2BR | $2,900 | $2,727 | +$173 (+6.3%) |
| 3BR | $6,500 | $3,816 | +$2,684 (+70.3%) |
| 4BR | $3,950 | $5,225 | −$1,275 (-24.4%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in October 2024.