Monthly Rent Report
Torrance Rent Report — August 2023
Asking rents in ZIP 90505, Los Angeles, from 51 listings.
Median 1BR rent in Torrance was $2,119 in August 2023, up 2.6% (+$54) from July 2023 and down 8.9% year-over-year. The middle half of 1BR listings asked between $2,119 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 51 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,458 | −$242 (-14.3%) | −$317 (-17.9%) | $1,450 – $1,810 | 6 |
| Studio | $1,450 | −$250 (-14.7%) | −$325 (-18.3%) | $1,450 – $1,450 | 1 |
| 1BR | $2,119 | +$54 (+2.6%) | −$206 (-8.9%) | $2,119 – $2,119 | 1 |
| 1BR | $2,113 | +$48 (+2.3%) | −$212 (-9.1%) | $1,956 – $2,631 | 10 |
| 2BR | $2,895 | −$990 (-25.5%) | +$645 (+28.7%) | $2,850 – $3,404 | 9 |
| 2BR | $2,950 | −$935 (-24.1%) | +$700 (+31.1%) | $2,950 – $2,950 | 1 |
| 3BR | $9,000 | +$4,775 (+113.0%) | +$5,305 (+143.6%) | $9,000 – $9,000 | 11 |
| 3BR | $4,500 | +$275 (+6.5%) | +$805 (+21.8%) | $4,225 – $4,600 | 3 |
| 4BR | $10,000 | +$4,250 (+73.9%) | +$5,350 (+115.1%) | $10,000 – $10,000 | 4 |
| 4BR | $7,800 | +$2,050 (+35.7%) | +$3,150 (+67.7%) | $7,800 – $7,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — August 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,458 | $1,775 | −$317 (-17.9%) |
| Studio | $1,450 | $1,775 | −$325 (-18.3%) |
| 1BR | $2,119 | $2,100 | +$19 (+0.9%) |
| 1BR | $2,113 | $2,100 | +$13 (+0.6%) |
| 2BR | $2,895 | $2,895 | $0 (0.0%) |
| 2BR | $2,950 | $2,895 | +$55 (+1.9%) |
| 3BR | $9,000 | $3,897 | +$5,103 (+130.9%) |
| 3BR | $4,500 | $3,897 | +$603 (+15.5%) |
| 4BR | $10,000 | $5,163 | +$4,838 (+93.7%) |
| 4BR | $7,800 | $5,163 | +$2,638 (+51.1%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.