Monthly Rent Report
Torrance Rent Report — September 2024
Asking rents in ZIP 90505, Los Angeles, from 52 listings.
Median 1BR rent in Torrance was $2,025 in September 2024, down 7.7% (−$170) from August 2024 and down 8.0% year-over-year. The middle half of 1BR listings asked between $2,025 and $2,025. That puts Torrance $27 above the Los Angeles citywide 1BR median of $1,999. The month's figures are based on 52 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,545 | −$1,655 (-51.7%) | −$155 (-9.1%) | $1,545 – $1,545 | 2 |
| 1BR | $2,025 | −$170 (-7.7%) | −$175 (-8.0%) | $2,025 – $2,025 | 1 |
| 1BR | $2,395 | +$200 (+9.1%) | +$195 (+8.9%) | $2,395 – $2,395 | 1 |
| 2BR | $2,795 | +$345 (+14.1%) | +$495 (+21.5%) | $2,795 – $2,795 | 2 |
| 2BR | $2,795 | +$345 (+14.1%) | +$495 (+21.5%) | $2,795 – $2,795 | 1 |
| 3BR | $4,800 | −$900 (-15.8%) | −$200 (-4.0%) | $3,950 – $7,000 | 41 |
| 4BR | $6,995 | +$795 (+12.8%) | +$1,895 (+37.2%) | $6,995 – $6,995 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — September 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,545 | $1,755 | −$210 (-12.0%) |
| 1BR | $2,025 | $1,999 | +$27 (+1.3%) |
| 1BR | $2,395 | $1,999 | +$397 (+19.8%) |
| 2BR | $2,795 | $2,795 | $0 (0.0%) |
| 2BR | $2,795 | $2,795 | $0 (0.0%) |
| 3BR | $4,800 | $3,850 | +$950 (+24.7%) |
| 4BR | $6,995 | $4,995 | +$2,000 (+40.0%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in September 2024.