Monthly Rent Report
Torrance Rent Report — July 2023
Asking rents in ZIP 90505, Los Angeles, from 39 listings.
Median 1BR rent in Torrance was $2,065 in July 2023, down 25.6% (−$710) from June 2023 and up 3.5% year-over-year. The middle half of 1BR listings asked between $2,039 and $2,316. That puts Torrance $60 below the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 39 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,550 | −$75 (-4.6%) | −$205 (-11.7%) | $1,550 – $1,550 | 1 |
| Studio | $1,700 | +$75 (+4.6%) | −$55 (-3.1%) | $1,700 – $1,700 | 1 |
| 1BR | $2,065 | −$710 (-25.6%) | +$70 (+3.5%) | $2,039 – $2,316 | 6 |
| 1BR | $1,995 | −$780 (-28.1%) | $0 (0.0%) | $1,960 – $2,098 | 3 |
| 2BR | $2,895 | −$55 (-1.9%) | +$195 (+7.2%) | $2,809 – $3,328 | 14 |
| 2BR | $3,885 | +$935 (+31.7%) | +$1,185 (+43.9%) | $3,443 – $3,892 | 3 |
| 3BR | $3,995 | −$880 (-18.1%) | −$730 (-15.4%) | $3,995 – $3,995 | 1 |
| 3BR | $4,225 | −$650 (-13.3%) | −$500 (-10.6%) | $3,913 – $4,643 | 6 |
| 4BR | $5,750 | −$647 (-10.1%) | −$50 (-0.9%) | $5,750 – $5,750 | 1 |
| 4BR | $5,750 | −$647 (-10.1%) | −$50 (-0.9%) | $5,750 – $5,750 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — July 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,550 | $1,800 | −$250 (-13.9%) |
| Studio | $1,700 | $1,800 | −$100 (-5.6%) |
| 1BR | $2,065 | $2,125 | −$60 (-2.8%) |
| 1BR | $1,995 | $2,125 | −$130 (-6.1%) |
| 2BR | $2,895 | $2,873 | +$22 (+0.8%) |
| 2BR | $3,885 | $2,873 | +$1,012 (+35.2%) |
| 3BR | $3,995 | $3,836 | +$159 (+4.2%) |
| 3BR | $4,225 | $3,836 | +$389 (+10.1%) |
| 4BR | $5,750 | $4,572 | +$1,178 (+25.8%) |
| 4BR | $5,750 | $4,572 | +$1,178 (+25.8%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.