Monthly Rent Report
Torrance Rent Report — May 2024
Asking rents in ZIP 90505, Los Angeles, from 237 listings.
Median 1BR rent in Torrance was $2,100 in May 2024, up 23.9% (+$405) from April 2024 and down 0.9% year-over-year. The middle half of 1BR listings asked between $2,100 and $2,100. That puts Torrance in line with the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 237 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,375 | $0 (0.0%) | +$750 (+46.2%) | $2,075 – $2,425 | 19 |
| Studio | $1,275 | −$1,100 (-46.3%) | −$350 (-21.5%) | $1,275 – $1,275 | 1 |
| 1BR | $2,100 | +$405 (+23.9%) | −$19 (-0.9%) | $2,100 – $2,100 | 1 |
| 1BR | $2,125 | +$430 (+25.4%) | +$6 (+0.3%) | $1,825 – $2,250 | 61 |
| 2BR | $2,550 | −$387 (-13.2%) | −$456 (-15.2%) | $2,548 – $3,238 | 3 |
| 2BR | $2,850 | −$87 (-3.0%) | −$156 (-5.2%) | $2,573 – $3,263 | 71 |
| 3BR | $4,275 | −$112 (-2.6%) | −$225 (-5.0%) | $4,275 – $4,275 | 1 |
| 3BR | $4,500 | +$113 (+2.6%) | $0 (0.0%) | $3,995 – $5,000 | 56 |
| 4BR | $5,500 | −$200 (-3.5%) | −$995 (-15.3%) | $5,500 – $5,500 | 1 |
| 4BR | $5,200 | −$500 (-8.8%) | −$1,295 (-19.9%) | $5,000 – $5,500 | 21 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — May 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,375 | $1,795 | +$580 (+32.3%) |
| Studio | $1,275 | $1,795 | −$520 (-29.0%) |
| 1BR | $2,100 | $2,095 | +$5 (+0.2%) |
| 1BR | $2,125 | $2,095 | +$30 (+1.4%) |
| 2BR | $2,550 | $2,850 | −$300 (-10.5%) |
| 2BR | $2,850 | $2,850 | $0 (0.0%) |
| 3BR | $4,275 | $3,969 | +$307 (+7.7%) |
| 3BR | $4,500 | $3,969 | +$532 (+13.4%) |
| 4BR | $5,500 | $5,175 | +$325 (+6.3%) |
| 4BR | $5,200 | $5,175 | +$25 (+0.5%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.