Monthly Rent Report
Torrance Rent Report — June 2023
Asking rents in ZIP 90505, Los Angeles, from 44 listings.
Median 1BR rent in Torrance was $2,080 in June 2023, flat versus May 2023 and up 11.7% year-over-year. The middle half of 1BR listings asked between $2,023 and $2,119. That puts Torrance in line with the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 44 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,625 | $0 (0.0%) | −$50 (-3.0%) | $1,625 – $1,625 | 1 |
| Studio | $1,625 | $0 (0.0%) | −$50 (-3.0%) | $1,625 – $1,625 | 1 |
| 1BR | $2,080 | $0 (0.0%) | +$218 (+11.7%) | $2,023 – $2,119 | 11 |
| 1BR | $2,775 | +$695 (+33.4%) | +$913 (+49.0%) | $2,775 – $2,775 | 1 |
| 2BR | $2,950 | +$500 (+20.4%) | +$455 (+18.2%) | $2,500 – $3,332 | 15 |
| 2BR | $2,450 | $0 (0.0%) | −$45 (-1.8%) | $2,450 – $2,450 | 2 |
| 3BR | $3,900 | −$1,045 (-21.1%) | −$500 (-11.4%) | $3,900 – $3,900 | 1 |
| 3BR | $4,875 | −$70 (-1.4%) | +$475 (+10.8%) | $4,100 – $5,463 | 6 |
| 4BR | $6,398 | −$97 (-1.5%) | +$2,148 (+50.5%) | $6,200 – $6,496 | 4 |
| 4BR | $6,200 | −$295 (-4.5%) | +$1,950 (+45.9%) | $6,200 – $6,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — June 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,625 | $1,758 | −$133 (-7.6%) |
| Studio | $1,625 | $1,758 | −$133 (-7.6%) |
| 1BR | $2,080 | $2,100 | −$20 (-1.0%) |
| 1BR | $2,775 | $2,100 | +$675 (+32.1%) |
| 2BR | $2,950 | $2,900 | +$50 (+1.7%) |
| 2BR | $2,450 | $2,900 | −$450 (-15.5%) |
| 3BR | $3,900 | $3,850 | +$50 (+1.3%) |
| 3BR | $4,875 | $3,850 | +$1,025 (+26.6%) |
| 4BR | $6,398 | $5,100 | +$1,298 (+25.4%) |
| 4BR | $6,200 | $5,100 | +$1,100 (+21.6%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in June 2023.