Monthly Rent Report
Torrance Rent Report — March 2024
Asking rents in ZIP 90505, Los Angeles, from 207 listings.
Median 1BR rent in Torrance was $2,175 in March 2024, up 1.2% (+$25) from February 2024 and up 24.3% year-over-year. The middle half of 1BR listings asked between $2,095 and $2,500. That puts Torrance $30 above the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 207 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,375 | $0 (0.0%) | +$675 (+39.7%) | $2,019 – $2,375 | 18 |
| Studio | $1,700 | −$675 (-28.4%) | $0 (0.0%) | $1,700 – $1,700 | 3 |
| 1BR | $2,175 | +$25 (+1.2%) | +$425 (+24.3%) | $2,095 – $2,500 | 41 |
| 1BR | $2,145 | −$5 (-0.2%) | +$395 (+22.6%) | $2,145 – $2,145 | 1 |
| 2BR | $2,595 | −$402 (-13.4%) | −$205 (-7.3%) | $2,595 – $2,595 | 1 |
| 2BR | $2,875 | −$122 (-4.1%) | +$75 (+2.7%) | $2,500 – $3,249 | 73 |
| 3BR | $3,848 | +$48 (+1.3%) | −$161 (-4.0%) | $3,795 – $4,750 | 34 |
| 3BR | $3,350 | −$450 (-11.8%) | −$659 (-16.4%) | $3,350 – $3,350 | 1 |
| 4BR | $5,500 | +$500 (+10.0%) | +$350 (+6.8%) | $5,500 – $5,500 | 1 |
| 4BR | $5,200 | +$200 (+4.0%) | +$50 (+1.0%) | $4,748 – $6,500 | 23 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — March 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,375 | $1,723 | +$653 (+37.9%) |
| Studio | $1,700 | $1,723 | −$22 (-1.3%) |
| 1BR | $2,175 | $2,145 | +$30 (+1.4%) |
| 1BR | $2,145 | $2,145 | $0 (0.0%) |
| 2BR | $2,595 | $2,850 | −$255 (-8.9%) |
| 2BR | $2,875 | $2,850 | +$25 (+0.9%) |
| 3BR | $3,848 | $3,762 | +$86 (+2.3%) |
| 3BR | $3,350 | $3,762 | −$412 (-11.0%) |
| 4BR | $5,500 | $4,950 | +$550 (+11.1%) |
| 4BR | $5,200 | $4,950 | +$250 (+5.1%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.