Monthly Rent Report
Torrance Rent Report — December 2023
Asking rents in ZIP 90505, Los Angeles, from 141 listings.
Median 1BR rent in Torrance was $2,500 in December 2023, up 13.0% (+$288) from November 2023 and up 25.3% year-over-year. The middle half of 1BR listings asked between $2,500 and $2,500. That puts Torrance $371 above the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 141 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,575 | $0 (0.0%) | +$848 (+49.1%) | $2,375 – $2,675 | 26 |
| Studio | $1,650 | −$925 (-35.9%) | −$77 (-4.5%) | $1,650 – $1,650 | 1 |
| 1BR | $2,500 | +$288 (+13.0%) | +$505 (+25.3%) | $2,500 – $2,500 | 1 |
| 1BR | $2,395 | +$183 (+8.2%) | +$400 (+20.1%) | $1,994 – $2,578 | 64 |
| 2BR | $2,995 | −$155 (-4.9%) | −$530 (-15.0%) | $2,500 – $2,995 | 5 |
| 2BR | $2,800 | −$350 (-11.1%) | −$725 (-20.6%) | $2,800 – $2,800 | 1 |
| 3BR | $3,895 | −$555 (-12.5%) | +$98 (+2.6%) | $3,895 – $3,895 | 1 |
| 3BR | $3,995 | −$455 (-10.2%) | +$198 (+5.2%) | $3,759 – $4,500 | 32 |
| 4BR | $5,400 | +$400 (+8.0%) | +$700 (+14.9%) | $4,850 – $11,500 | 5 |
| 4BR | $8,175 | +$3,175 (+63.5%) | +$3,475 (+73.9%) | $6,513 – $9,838 | 2 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — December 2023
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,575 | $1,750 | +$825 (+47.1%) |
| Studio | $1,650 | $1,750 | −$100 (-5.7%) |
| 1BR | $2,500 | $2,129 | +$371 (+17.4%) |
| 1BR | $2,395 | $2,129 | +$266 (+12.5%) |
| 2BR | $2,995 | $2,795 | +$200 (+7.2%) |
| 2BR | $2,800 | $2,795 | +$5 (+0.2%) |
| 3BR | $3,895 | $3,923 | −$27 (-0.7%) |
| 3BR | $3,995 | $3,923 | +$73 (+1.8%) |
| 4BR | $5,400 | $4,750 | +$650 (+13.7%) |
| 4BR | $8,175 | $4,750 | +$3,425 (+72.1%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.