Monthly Rent Report
Torrance Rent Report — September 2023
Asking rents in ZIP 90505, Los Angeles, from 21 listings.
Median 1BR rent in Torrance was $2,400 in September 2023, up 13.6% (+$288) from August 2023 and up 2.3% year-over-year. The middle half of 1BR listings asked between $2,148 and $2,555. That puts Torrance $400 above the Los Angeles citywide 1BR median of $2,000. The month's figures are based on 21 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,700 | +$250 (+17.2%) | +$250 (+17.2%) | $1,700 – $1,700 | 1 |
| 1BR | $2,400 | +$288 (+13.6%) | +$55 (+2.3%) | $2,148 – $2,555 | 3 |
| 1BR | $2,200 | +$88 (+4.1%) | −$145 (-6.2%) | $2,100 – $2,200 | 5 |
| 2BR | $2,612 | −$283 (-9.8%) | +$312 (+13.6%) | $2,612 – $2,612 | 1 |
| 2BR | $2,300 | −$595 (-20.6%) | $0 (0.0%) | $2,300 – $2,300 | 1 |
| 3BR | $10,000 | +$1,000 (+11.1%) | +$5,550 (+124.7%) | $10,000 – $10,000 | 4 |
| 3BR | $5,000 | −$4,000 (-44.4%) | +$550 (+12.4%) | $5,000 – $5,000 | 1 |
| 4BR | $5,400 | −$2,400 (-30.8%) | −$100 (-1.8%) | $5,400 – $5,400 | 1 |
| 4BR | $5,100 | −$2,700 (-34.6%) | −$400 (-7.3%) | $4,900 – $6,550 | 3 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — September 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,700 | $1,795 | −$95 (-5.3%) |
| 1BR | $2,400 | $2,000 | +$400 (+20.0%) |
| 1BR | $2,200 | $2,000 | +$200 (+10.0%) |
| 2BR | $2,612 | $2,750 | −$138 (-5.0%) |
| 2BR | $2,300 | $2,750 | −$450 (-16.4%) |
| 3BR | $10,000 | $3,948 | +$6,053 (+153.3%) |
| 3BR | $5,000 | $3,948 | +$1,053 (+26.7%) |
| 4BR | $5,400 | $5,000 | +$400 (+8.0%) |
| 4BR | $5,100 | $5,000 | +$100 (+2.0%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in September 2023.