Monthly Rent Report
Torrance Rent Report — March 2023
Asking rents in ZIP 90505, Los Angeles, from 204 listings.
Median 1BR rent in Torrance was $2,088 in March 2023, down 5.3% (−$117) from February 2023 and up 30.9% year-over-year. The middle half of 1BR listings asked between $1,871 and $2,245. That puts Torrance in line with the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 204 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | $0 (0.0%) | +$125 (+8.2%) | $1,650 – $1,838 | 7 |
| Studio | $1,700 | +$50 (+3.0%) | +$175 (+11.5%) | $1,700 – $1,700 | 1 |
| 1BR | $2,088 | −$117 (-5.3%) | +$493 (+30.9%) | $1,871 – $2,245 | 42 |
| 1BR | $1,750 | −$455 (-20.6%) | +$155 (+9.7%) | $1,750 – $1,750 | 1 |
| 2BR | $2,800 | +$100 (+3.7%) | −$495 (-15.0%) | $2,655 – $3,162 | 100 |
| 2BR | $2,350 | −$350 (-13.0%) | −$945 (-28.7%) | $2,350 – $2,350 | 1 |
| 3BR | $4,375 | +$700 (+19.0%) | +$175 (+4.2%) | $4,375 – $4,375 | 1 |
| 3BR | $4,009 | +$334 (+9.1%) | −$191 (-4.5%) | $3,313 – $4,500 | 38 |
| 4BR | $5,150 | −$350 (-6.4%) | +$853 (+19.8%) | $4,975 – $6,200 | 8 |
| 4BR | $5,300 | −$200 (-3.6%) | +$1,003 (+23.3%) | $5,000 – $6,200 | 5 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — March 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,745 | −$95 (-5.4%) |
| Studio | $1,700 | $1,745 | −$45 (-2.6%) |
| 1BR | $2,088 | $2,097 | −$9 (-0.4%) |
| 1BR | $1,750 | $2,097 | −$347 (-16.5%) |
| 2BR | $2,800 | $2,750 | +$50 (+1.8%) |
| 2BR | $2,350 | $2,750 | −$400 (-14.5%) |
| 3BR | $4,375 | $3,923 | +$453 (+11.5%) |
| 3BR | $4,009 | $3,923 | +$87 (+2.2%) |
| 4BR | $5,150 | $4,760 | +$390 (+8.2%) |
| 4BR | $5,300 | $4,760 | +$540 (+11.3%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.