Monthly Rent Report
Torrance Rent Report — October 2023
Asking rents in ZIP 90505, Los Angeles, from 35 listings.
Median 1BR rent in Torrance was $1,995 in October 2023, down 16.9% (−$405) from September 2023 and up 17.7% year-over-year. The middle half of 1BR listings asked between $1,995 and $1,995. That puts Torrance in line with the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 35 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,675 | +$975 (+57.4%) | +$1,225 (+84.5%) | $2,575 – $2,725 | 11 |
| 1BR | $1,995 | −$405 (-16.9%) | +$300 (+17.7%) | $1,995 – $1,995 | 1 |
| 1BR | $2,050 | −$350 (-14.6%) | +$355 (+20.9%) | $2,050 – $2,050 | 1 |
| 2BR | $2,800 | +$500 (+21.7%) | $0 (0.0%) | $2,698 – $5,750 | 11 |
| 2BR | $2,695 | +$395 (+17.2%) | −$105 (-3.8%) | $2,523 – $2,748 | 3 |
| 3BR | $4,350 | −$650 (-13.0%) | $0 (0.0%) | $4,350 – $4,350 | 3 |
| 3BR | $6,998 | +$1,998 (+40.0%) | +$2,648 (+60.9%) | $6,996 – $6,999 | 2 |
| 4BR | $4,700 | −$400 (-7.8%) | −$700 (-13.0%) | $4,700 – $4,700 | 1 |
| 4BR | $5,200 | +$100 (+2.0%) | −$200 (-3.7%) | $5,200 – $5,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — October 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,675 | $1,700 | +$975 (+57.4%) |
| 1BR | $1,995 | $1,998 | −$2 (-0.1%) |
| 1BR | $2,050 | $1,998 | +$53 (+2.6%) |
| 2BR | $2,800 | $2,750 | +$50 (+1.8%) |
| 2BR | $2,695 | $2,750 | −$55 (-2.0%) |
| 3BR | $4,350 | $4,195 | +$155 (+3.7%) |
| 3BR | $6,998 | $4,195 | +$2,803 (+66.8%) |
| 4BR | $4,700 | $5,275 | −$575 (-10.9%) |
| 4BR | $5,200 | $5,275 | −$75 (-1.4%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.