Monthly Rent Report
Torrance Rent Report — October 2024
Asking rents in ZIP 90505, Los Angeles, from 53 listings.
Median 1BR rent in Torrance was $2,295 in October 2024, down 4.2% (−$100) from September 2024 and up 12.0% year-over-year. The middle half of 1BR listings asked between $1,950 and $3,300. That puts Torrance $284 above the Los Angeles citywide 1BR median of $2,011. The month's figures are based on 53 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,595 | +$50 (+3.2%) | −$1,080 (-40.4%) | $1,595 – $1,595 | 1 |
| Studio | $2,575 | +$1,030 (+66.7%) | −$100 (-3.7%) | $2,575 – $2,575 | 4 |
| 1BR | $2,295 | −$100 (-4.2%) | +$245 (+12.0%) | $1,950 – $3,300 | 10 |
| 1BR | $2,060 | −$335 (-14.0%) | +$10 (+0.5%) | $2,043 – $2,078 | 2 |
| 2BR | $2,895 | +$100 (+3.6%) | +$200 (+7.4%) | $2,895 – $2,895 | 1 |
| 2BR | $3,850 | +$1,055 (+37.7%) | +$1,155 (+42.9%) | $2,050 – $3,975 | 11 |
| 3BR | $3,200 | −$1,600 (-33.3%) | −$3,797 (-54.3%) | $3,100 – $3,500 | 13 |
| 3BR | $3,400 | −$1,400 (-29.2%) | −$3,597 (-51.4%) | $3,400 – $3,400 | 1 |
| 4BR | $5,250 | −$1,745 (-24.9%) | +$50 (+1.0%) | $4,600 – $5,600 | 8 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — October 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,595 | $1,700 | −$105 (-6.2%) |
| Studio | $2,575 | $1,700 | +$875 (+51.5%) |
| 1BR | $2,295 | $2,011 | +$284 (+14.1%) |
| 1BR | $2,060 | $2,011 | +$49 (+2.4%) |
| 2BR | $2,895 | $2,727 | +$168 (+6.2%) |
| 2BR | $3,850 | $2,727 | +$1,123 (+41.2%) |
| 3BR | $3,200 | $3,816 | −$616 (-16.1%) |
| 3BR | $3,400 | $3,816 | −$416 (-10.9%) |
| 4BR | $5,250 | $5,225 | +$25 (+0.5%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in October 2024.