Monthly Rent Report
Torrance Rent Report — November 2023
Asking rents in ZIP 90505, Los Angeles, from 167 listings.
Median 1BR rent in Torrance was $2,295 in November 2023, up 15.0% (+$300) from October 2023 and unchanged year-over-year. The middle half of 1BR listings asked between $1,975 and $2,521. That puts Torrance $170 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 167 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,700 | −$975 (-36.4%) | −$127 (-7.0%) | $1,700 – $1,700 | 1 |
| Studio | $2,575 | −$100 (-3.7%) | +$748 (+40.9%) | $2,475 – $2,675 | 21 |
| 1BR | $2,295 | +$300 (+15.0%) | $0 (0.0%) | $1,975 – $2,521 | 76 |
| 1BR | $2,213 | +$218 (+10.9%) | −$82 (-3.6%) | $2,069 – $2,356 | 2 |
| 2BR | $2,625 | −$175 (-6.3%) | +$30 (+1.2%) | $2,538 – $2,713 | 2 |
| 2BR | $3,150 | +$350 (+12.5%) | +$555 (+21.4%) | $3,150 – $3,150 | 3 |
| 3BR | $4,450 | −$2,547 (-36.4%) | −$50 (-1.1%) | $3,875 – $5,000 | 43 |
| 3BR | $6,500 | −$497 (-7.1%) | +$2,000 (+44.4%) | $5,288 – $6,500 | 3 |
| 4BR | $5,000 | −$200 (-3.8%) | $0 (0.0%) | $4,925 – $5,100 | 12 |
| 4BR | $4,700 | −$500 (-9.6%) | −$300 (-6.0%) | $4,550 – $4,850 | 2 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — November 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,700 | $1,775 | −$75 (-4.2%) |
| Studio | $2,575 | $1,775 | +$800 (+45.1%) |
| 1BR | $2,295 | $2,125 | +$170 (+8.0%) |
| 1BR | $2,213 | $2,125 | +$88 (+4.1%) |
| 2BR | $2,625 | $2,795 | −$170 (-6.1%) |
| 2BR | $3,150 | $2,795 | +$355 (+12.7%) |
| 3BR | $4,450 | $3,950 | +$500 (+12.7%) |
| 3BR | $6,500 | $3,950 | +$2,550 (+64.6%) |
| 4BR | $5,000 | $4,994 | +$6 (+0.1%) |
| 4BR | $4,700 | $4,994 | −$294 (-5.9%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in November 2023.