Monthly Rent Report
Torrance Rent Report — November 2024
Asking rents in ZIP 90505, Los Angeles, from 42 listings.
Median 1BR rent in Torrance was $2,950 in November 2024, up 43.2% (+$890) from October 2024 and up 28.5% year-over-year. The middle half of 1BR listings asked between $2,950 and $2,950. That puts Torrance $878 above the Los Angeles citywide 1BR median of $2,073. The month's figures are based on 42 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,595 | $0 (0.0%) | −$980 (-38.1%) | $1,595 – $1,595 | 6 |
| Studio | $1,545 | −$50 (-3.1%) | −$1,030 (-40.0%) | $1,545 – $1,545 | 2 |
| 1BR | $2,950 | +$890 (+43.2%) | +$655 (+28.5%) | $2,950 – $2,950 | 1 |
| 2BR | $3,850 | +$955 (+33.0%) | +$700 (+22.2%) | $3,625 – $3,900 | 3 |
| 2BR | $2,995 | +$100 (+3.5%) | −$155 (-4.9%) | $2,873 – $3,198 | 3 |
| 3BR | $5,350 | +$2,150 (+67.2%) | +$900 (+20.2%) | $4,600 – $7,000 | 20 |
| 4BR | $5,500 | +$250 (+4.8%) | +$500 (+10.0%) | $5,350 – $10,000 | 5 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Torrance vs. Los Angeles — November 2024
| Bedrooms | Torrance Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,595 | $1,750 | −$155 (-8.9%) |
| Studio | $1,545 | $1,750 | −$205 (-11.7%) |
| 1BR | $2,950 | $2,073 | +$878 (+42.3%) |
| 2BR | $3,850 | $2,850 | +$1,000 (+35.1%) |
| 2BR | $2,995 | $2,850 | +$145 (+5.1%) |
| 3BR | $5,350 | $3,895 | +$1,455 (+37.4%) |
| 4BR | $5,500 | $5,220 | +$281 (+5.4%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in November 2024.