Monthly Rent Report
Torrance Rent Report — April 2023
Asking rents in ZIP 90505, Los Angeles, from 137 listings.
Median 1BR rent in Torrance was $2,175 in April 2023, up 4.2% (+$88) from March 2023 and down 1.1% year-over-year. The middle half of 1BR listings asked between $2,075 and $2,710. That puts Torrance $78 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 137 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,625 | −$75 (-4.4%) | +$130 (+8.7%) | $1,413 – $1,638 | 3 |
| Studio | $1,650 | −$50 (-2.9%) | +$155 (+10.4%) | $1,650 – $1,650 | 1 |
| 1BR | $2,175 | +$88 (+4.2%) | −$25 (-1.1%) | $2,075 – $2,710 | 29 |
| 1BR | $2,119 | +$32 (+1.5%) | −$81 (-3.7%) | $2,007 – $2,119 | 3 |
| 2BR | $2,695 | +$345 (+14.7%) | −$1,429 (-34.7%) | $2,695 – $2,695 | 1 |
| 2BR | $2,895 | +$545 (+23.2%) | −$1,229 (-29.8%) | $2,671 – $3,536 | 68 |
| 3BR | $3,450 | −$559 (-13.9%) | −$900 (-20.7%) | $3,450 – $3,450 | 1 |
| 3BR | $4,159 | +$150 (+3.7%) | −$191 (-4.4%) | $3,994 – $4,425 | 24 |
| 4BR | $4,995 | −$155 (-3.0%) | +$645 (+14.8%) | $4,995 – $4,995 | 2 |
| 4BR | $5,500 | +$350 (+6.8%) | +$1,150 (+26.4%) | $5,500 – $5,500 | 5 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — April 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,625 | $1,775 | −$150 (-8.5%) |
| Studio | $1,650 | $1,775 | −$125 (-7.0%) |
| 1BR | $2,175 | $2,097 | +$78 (+3.7%) |
| 1BR | $2,119 | $2,097 | +$22 (+1.1%) |
| 2BR | $2,695 | $2,795 | −$100 (-3.6%) |
| 2BR | $2,895 | $2,795 | +$100 (+3.6%) |
| 3BR | $3,450 | $3,895 | −$445 (-11.4%) |
| 3BR | $4,159 | $3,895 | +$264 (+6.8%) |
| 4BR | $4,995 | $4,970 | +$25 (+0.5%) |
| 4BR | $5,500 | $4,970 | +$530 (+10.7%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in April 2023.