Monthly Rent Report
Torrance Rent Report — May 2023
Asking rents in ZIP 90505, Los Angeles, from 85 listings.
Median 1BR rent in Torrance was $2,119 in May 2023, down 2.6% (−$56) from April 2023 and up 32.9% year-over-year. The middle half of 1BR listings asked between $2,057 and $2,119. That puts Torrance in line with the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 85 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,700 | +$50 (+3.0%) | +$375 (+28.3%) | $1,700 – $1,700 | 1 |
| Studio | $1,625 | −$25 (-1.5%) | +$300 (+22.6%) | $1,625 – $1,750 | 3 |
| 1BR | $2,119 | −$56 (-2.6%) | +$524 (+32.9%) | $2,057 – $2,119 | 3 |
| 1BR | $2,080 | −$95 (-4.4%) | +$485 (+30.4%) | $1,995 – $2,699 | 17 |
| 2BR | $3,006 | +$111 (+3.8%) | +$406 (+15.6%) | $2,490 – $3,436 | 40 |
| 2BR | $2,450 | −$445 (-15.4%) | −$150 (-5.8%) | $2,450 – $2,450 | 1 |
| 3BR | $4,945 | +$786 (+18.9%) | +$1,120 (+29.3%) | $4,450 – $5,421 | 14 |
| 3BR | $4,500 | +$341 (+8.2%) | +$675 (+17.6%) | $4,450 – $5,190 | 3 |
| 4BR | $5,900 | +$905 (+18.1%) | +$500 (+9.3%) | $5,750 – $6,050 | 2 |
| 4BR | $6,495 | +$1,500 (+30.0%) | +$1,095 (+20.3%) | $6,495 – $6,495 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — May 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,700 | $1,750 | −$50 (-2.9%) |
| Studio | $1,625 | $1,750 | −$125 (-7.1%) |
| 1BR | $2,119 | $2,122 | −$3 (-0.1%) |
| 1BR | $2,080 | $2,122 | −$42 (-2.0%) |
| 2BR | $3,006 | $2,780 | +$226 (+8.1%) |
| 2BR | $2,450 | $2,780 | −$330 (-11.9%) |
| 3BR | $4,945 | $3,943 | +$1,003 (+25.4%) |
| 3BR | $4,500 | $3,943 | +$558 (+14.1%) |
| 4BR | $5,900 | $5,000 | +$900 (+18.0%) |
| 4BR | $6,495 | $5,000 | +$1,495 (+29.9%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.