Monthly Rent Report
Torrance Rent Report — June 2024
Asking rents in ZIP 90505, Los Angeles, from 241 listings.
Median 1BR rent in Torrance was $2,060 in June 2024, down 1.9% (−$40) from May 2024 and down 25.8% year-over-year. The middle half of 1BR listings asked between $1,955 and $2,080. That puts Torrance $40 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 241 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,268 | +$993 (+77.8%) | +$643 (+39.5%) | $1,713 – $2,375 | 10 |
| Studio | $1,600 | +$325 (+25.5%) | −$25 (-1.5%) | $1,600 – $1,600 | 1 |
| 1BR | $2,060 | −$40 (-1.9%) | −$715 (-25.8%) | $1,955 – $2,080 | 3 |
| 1BR | $2,125 | +$25 (+1.2%) | −$650 (-23.4%) | $2,035 – $2,508 | 39 |
| 2BR | $2,983 | +$433 (+17.0%) | +$33 (+1.1%) | $2,624 – $3,474 | 94 |
| 2BR | $2,545 | −$5 (-0.2%) | −$405 (-13.7%) | $2,545 – $2,545 | 1 |
| 3BR | $5,700 | +$1,425 (+33.3%) | +$1,800 (+46.2%) | $5,700 – $5,700 | 1 |
| 3BR | $4,750 | +$475 (+11.1%) | +$850 (+21.8%) | $3,850 – $5,200 | 69 |
| 4BR | $10,000 | +$4,500 (+81.8%) | +$3,603 (+56.3%) | $10,000 – $10,000 | 1 |
| 4BR | $5,600 | +$100 (+1.8%) | −$797 (-12.5%) | $5,500 – $8,750 | 22 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — June 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,268 | $1,759 | +$509 (+28.9%) |
| Studio | $1,600 | $1,759 | −$159 (-9.0%) |
| 1BR | $2,060 | $2,100 | −$40 (-1.9%) |
| 1BR | $2,125 | $2,100 | +$25 (+1.2%) |
| 2BR | $2,983 | $2,885 | +$98 (+3.4%) |
| 2BR | $2,545 | $2,885 | −$340 (-11.8%) |
| 3BR | $5,700 | $3,900 | +$1,800 (+46.2%) |
| 3BR | $4,750 | $3,900 | +$850 (+21.8%) |
| 4BR | $10,000 | $5,000 | +$5,000 (+100.0%) |
| 4BR | $5,600 | $5,000 | +$600 (+12.0%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in June 2024.