Monthly Rent Report
Torrance Rent Report — February 2024
Asking rents in ZIP 90505, Los Angeles, from 187 listings.
Median 1BR rent in Torrance was $2,150 in February 2024, down 4.4% (−$100) from January 2024 and down 2.5% year-over-year. The middle half of 1BR listings asked between $2,150 and $2,150. That puts Torrance $45 below the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 187 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,375 | +$880 (+58.9%) | +$725 (+43.9%) | $2,375 – $2,475 | 21 |
| Studio | $1,495 | $0 (0.0%) | −$155 (-9.4%) | $1,495 – $1,495 | 1 |
| 1BR | $2,150 | −$100 (-4.4%) | −$55 (-2.5%) | $2,150 – $2,150 | 1 |
| 1BR | $2,130 | −$120 (-5.3%) | −$75 (-3.4%) | $1,963 – $2,459 | 40 |
| 2BR | $2,998 | −$541 (-15.3%) | +$298 (+11.0%) | $2,684 – $3,349 | 64 |
| 2BR | $3,263 | −$276 (-7.8%) | +$563 (+20.8%) | $3,056 – $3,469 | 2 |
| 3BR | $3,800 | −$200 (-5.0%) | +$125 (+3.4%) | $3,800 – $3,800 | 1 |
| 3BR | $4,500 | +$500 (+12.5%) | +$825 (+22.4%) | $4,000 – $5,200 | 23 |
| 4BR | $5,850 | −$350 (-5.6%) | +$1,350 (+30.0%) | $5,000 – $5,950 | 31 |
| 4BR | $5,000 | −$1,200 (-19.4%) | +$500 (+11.1%) | $4,725 – $5,150 | 3 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — February 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,375 | $1,750 | +$626 (+35.8%) |
| Studio | $1,495 | $1,750 | −$254 (-14.5%) |
| 1BR | $2,150 | $2,195 | −$45 (-2.1%) |
| 1BR | $2,130 | $2,195 | −$65 (-3.0%) |
| 2BR | $2,998 | $2,850 | +$148 (+5.2%) |
| 2BR | $3,263 | $2,850 | +$413 (+14.5%) |
| 3BR | $3,800 | $3,995 | −$195 (-4.9%) |
| 3BR | $4,500 | $3,995 | +$505 (+12.6%) |
| 4BR | $5,850 | $5,000 | +$850 (+17.0%) |
| 4BR | $5,000 | $5,000 | $0 (0.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.