Monthly Rent Report
Torrance Rent Report — January 2024
Asking rents in ZIP 90505, Los Angeles, from 87 listings.
Median 1BR rent in Torrance was $2,250 in January 2024, down 10.0% (−$250) from December 2023 and up 18.7% year-over-year. The middle half of 1BR listings asked between $2,100 and $2,295. That puts Torrance $154 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 87 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,495 | −$1,080 (-41.9%) | −$205 (-12.1%) | $1,495 – $1,495 | 1 |
| Studio | $2,625 | +$50 (+1.9%) | +$925 (+54.4%) | $2,525 – $2,675 | 4 |
| 1BR | $2,250 | −$250 (-10.0%) | +$355 (+18.7%) | $2,100 – $2,295 | 17 |
| 1BR | $1,900 | −$600 (-24.0%) | +$5 (+0.3%) | $1,900 – $1,900 | 1 |
| 2BR | $2,795 | −$200 (-6.7%) | +$135 (+5.1%) | $2,795 – $2,795 | 1 |
| 2BR | $3,539 | +$544 (+18.2%) | +$879 (+33.0%) | $2,721 – $4,475 | 18 |
| 3BR | $4,000 | +$105 (+2.7%) | +$850 (+27.0%) | $4,000 – $4,000 | 1 |
| 3BR | $4,495 | +$600 (+15.4%) | +$1,345 (+42.7%) | $4,000 – $6,100 | 31 |
| 4BR | $6,200 | +$800 (+14.8%) | +$400 (+6.9%) | $6,200 – $6,200 | 1 |
| 4BR | $6,000 | +$600 (+11.1%) | +$200 (+3.4%) | $4,525 – $6,775 | 8 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — January 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,495 | $1,750 | −$255 (-14.6%) |
| Studio | $2,625 | $1,750 | +$875 (+50.0%) |
| 1BR | $2,250 | $2,097 | +$154 (+7.3%) |
| 1BR | $1,900 | $2,097 | −$196 (-9.4%) |
| 2BR | $2,795 | $2,795 | $0 (0.0%) |
| 2BR | $3,539 | $2,795 | +$744 (+26.6%) |
| 3BR | $4,000 | $3,950 | +$50 (+1.3%) |
| 3BR | $4,495 | $3,950 | +$545 (+13.8%) |
| 4BR | $6,200 | $5,200 | +$1,000 (+19.2%) |
| 4BR | $6,000 | $5,200 | +$800 (+15.4%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in January 2024.