Monthly Rent Report
Torrance Rent Report — July 2024
Asking rents in ZIP 90505, Los Angeles, from 82 listings.
Median 1BR rent in Torrance was $2,060 in July 2024, flat versus June 2024 and up 3.3% year-over-year. The middle half of 1BR listings asked between $2,060 and $2,060. That puts Torrance $35 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 82 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,600 | $0 (0.0%) | −$100 (-5.9%) | $1,600 – $1,600 | 1 |
| Studio | $1,795 | +$195 (+12.2%) | +$95 (+5.6%) | $1,795 – $1,795 | 1 |
| 1BR | $2,060 | $0 (0.0%) | +$65 (+3.3%) | $2,060 – $2,060 | 1 |
| 1BR | $2,095 | +$35 (+1.7%) | +$100 (+5.0%) | $2,035 – $2,200 | 13 |
| 2BR | $2,795 | −$187 (-6.3%) | −$1,090 (-28.1%) | $2,695 – $3,450 | 33 |
| 2BR | $2,595 | −$387 (-13.0%) | −$1,290 (-33.2%) | $2,595 – $2,595 | 1 |
| 3BR | $2,995 | −$1,755 (-36.9%) | −$1,230 (-29.1%) | $2,995 – $2,995 | 1 |
| 3BR | $4,195 | −$555 (-11.7%) | −$30 (-0.7%) | $3,850 – $4,750 | 17 |
| 4BR | $5,750 | −$4,250 (-42.5%) | $0 (0.0%) | $5,324 – $6,000 | 4 |
| 4BR | $5,700 | −$4,300 (-43.0%) | −$50 (-0.9%) | $5,300 – $5,900 | 9 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — July 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,600 | $1,778 | −$178 (-10.0%) |
| Studio | $1,795 | $1,778 | +$17 (+0.9%) |
| 1BR | $2,060 | $2,095 | −$35 (-1.7%) |
| 1BR | $2,095 | $2,095 | $0 (0.0%) |
| 2BR | $2,795 | $2,835 | −$40 (-1.4%) |
| 2BR | $2,595 | $2,835 | −$240 (-8.5%) |
| 3BR | $2,995 | $3,900 | −$905 (-23.2%) |
| 3BR | $4,195 | $3,900 | +$295 (+7.6%) |
| 4BR | $5,750 | $5,270 | +$480 (+9.1%) |
| 4BR | $5,700 | $5,270 | +$430 (+8.2%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in July 2024.