Monthly Rent Report
Torrance Rent Report — April 2024
Asking rents in ZIP 90505, Los Angeles, from 226 listings.
Median 1BR rent in Torrance was $2,125 in April 2024, down 2.3% (−$50) from March 2024 and up 0.3% year-over-year. The middle half of 1BR listings asked between $1,895 and $2,250. That puts Torrance $30 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 226 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,700 | −$675 (-28.4%) | +$50 (+3.0%) | $1,700 – $1,700 | 1 |
| Studio | $2,375 | $0 (0.0%) | +$725 (+43.9%) | $2,375 – $2,375 | 18 |
| 1BR | $2,125 | −$50 (-2.3%) | +$6 (+0.3%) | $1,895 – $2,250 | 45 |
| 1BR | $1,695 | −$480 (-22.1%) | −$424 (-20.0%) | $1,695 – $1,695 | 5 |
| 2BR | $2,200 | −$395 (-15.2%) | −$695 (-24.0%) | $2,200 – $2,200 | 1 |
| 2BR | $2,938 | +$343 (+13.2%) | +$43 (+1.5%) | $2,550 – $3,250 | 62 |
| 3BR | $4,388 | +$1,038 (+31.0%) | +$229 (+5.5%) | $3,695 – $5,500 | 40 |
| 3BR | $4,275 | +$925 (+27.6%) | +$116 (+2.8%) | $3,350 – $5,100 | 23 |
| 4BR | $5,700 | +$500 (+9.6%) | +$705 (+14.1%) | $5,700 – $5,700 | 1 |
| 4BR | $5,700 | +$500 (+9.6%) | +$705 (+14.1%) | $5,075 – $6,000 | 19 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — April 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,700 | $1,795 | −$95 (-5.3%) |
| Studio | $2,375 | $1,795 | +$580 (+32.3%) |
| 1BR | $2,125 | $2,095 | +$30 (+1.4%) |
| 1BR | $1,695 | $2,095 | −$400 (-19.1%) |
| 2BR | $2,200 | $2,833 | −$633 (-22.3%) |
| 2BR | $2,938 | $2,833 | +$105 (+3.7%) |
| 3BR | $4,388 | $3,950 | +$438 (+11.1%) |
| 3BR | $4,275 | $3,950 | +$325 (+8.2%) |
| 4BR | $5,700 | $4,999 | +$701 (+14.0%) |
| 4BR | $5,700 | $4,999 | +$701 (+14.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in April 2024.