Monthly Rent Report
Torrance Rent Report — November 2024
Asking rents in ZIP 90504, Los Angeles, from 15 listings.
Median 1BR rent in Torrance was $1,700 in November 2024, up 47.8% (+$550) from October 2024 and down 26.1% year-over-year. The middle half of 1BR listings asked between $1,700 and $2,175. That puts Torrance $373 below the Los Angeles citywide 1BR median of $2,073. The month's figures are based on 15 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,625 | −$70 (-4.1%) | −$175 (-9.7%) | $1,625 – $1,625 | 1 |
| 1BR | $1,700 | +$550 (+47.8%) | −$600 (-26.1%) | $1,700 – $2,175 | 5 |
| 1BR | $2,175 | +$1,025 (+89.1%) | −$125 (-5.4%) | $2,175 – $2,175 | 1 |
| 2BR | $3,000 | +$505 (+20.2%) | +$650 (+27.7%) | $3,000 – $3,000 | 1 |
| 3BR | $4,495 | −$2,005 (-30.8%) | +$995 (+28.4%) | $4,495 – $4,495 | 1 |
| 3BR | $3,525 | −$2,975 (-45.8%) | +$25 (+0.7%) | $3,525 – $3,694 | 4 |
| 4BR | $3,700 | −$250 (-6.3%) | −$100 (-2.6%) | $3,700 – $3,700 | 1 |
| 4BR | $3,700 | −$250 (-6.3%) | −$100 (-2.6%) | $3,700 – $3,700 | 1 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — November 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,625 | $1,750 | −$125 (-7.1%) |
| 1BR | $1,700 | $2,073 | −$372 (-18.0%) |
| 1BR | $2,175 | $2,073 | +$103 (+4.9%) |
| 2BR | $3,000 | $2,850 | +$150 (+5.3%) |
| 3BR | $4,495 | $3,895 | +$600 (+15.4%) |
| 3BR | $3,525 | $3,895 | −$370 (-9.5%) |
| 4BR | $3,700 | $5,220 | −$1,519 (-29.1%) |
| 4BR | $3,700 | $5,220 | −$1,519 (-29.1%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in November 2024.