Monthly Rent Report
Torrance Rent Report — August 2024
Asking rents in ZIP 90505, Los Angeles, from 14 listings.
Median 1BR rent in Torrance was $2,195 in August 2024, up 6.6% (+$135) from July 2024 and up 3.6% year-over-year. The middle half of 1BR listings asked between $2,195 and $2,195. That puts Torrance $100 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 14 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,200 | +$1,600 (+100.0%) | +$1,750 (+120.7%) | $3,200 – $3,200 | 1 |
| 1BR | $2,195 | +$135 (+6.6%) | +$76 (+3.6%) | $2,195 – $2,195 | 1 |
| 2BR | $2,450 | −$145 (-5.6%) | −$500 (-16.9%) | $2,450 – $2,450 | 1 |
| 3BR | $5,700 | +$2,705 (+90.3%) | −$3,300 (-36.7%) | $5,700 – $5,700 | 1 |
| 4BR | $6,200 | +$450 (+7.8%) | −$3,800 (-38.0%) | $4,600 – $10,000 | 9 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — August 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,200 | $1,750 | +$1,450 (+82.9%) |
| 1BR | $2,195 | $2,095 | +$100 (+4.8%) |
| 2BR | $2,450 | $2,795 | −$345 (-12.3%) |
| 3BR | $5,700 | $4,000 | +$1,700 (+42.5%) |
| 4BR | $6,200 | $4,895 | +$1,305 (+26.7%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.