Torrance, CA Rental Market Trends
The average rent for an apartment in Torrance is $1,997, a 5% increase compared to the previous year.
Average Rent in Torrance, CA
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,997||5%||850 sq. ft.|
The average size for a Torrance, CA apartment is 850 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Torrance, CA Apartment Rent Ranges
- > $2,00043%
Torrance, CA Occupied Housing Units
- Renter-occupied Households30%
- Owner-occupied Households69%
16,550 or 30% of the households in Torrance, CA are renter-occupied while 38,354 or 69% are owner-occupied.
Torrance, CA Rent Trends
|Nov / 2016||Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019|
Average Rent in Torrance, CA By Neighborhood
|West Torrance - Southwood||$1,990|
|Central Business District||$1,990|
|Harbor Gateway South||$2,043|
The most affordable neighborhoods in Torrance are North Torrance, where the average rent goes for $1,793/month, Old Torrance, where renters pay $1,934/mo on average, and Central Business District, where the average rent goes for $1,990/mo. If you’re looking for other great deals, check out the listings from West Torrance - Southwood ($1,990), Harbor Gateway South ($2,043), and Walteria ($2,051), where the asking prices are below the average Torrance rent of $1,997/mo.
The most expensive neighborhoods in Torrance are Harbor Gateway South ($2,043), Walteria ($2,051) and Hollywood Riviera ($2,283).
The most popular neighborhood in Torrance is West Torrance - Southwood, where there are 3 verified RENTCafé listings with an average rent of $1,990. Next up is Central Business District, where apartments go for $1,990/month, followed by North Torrance with $1,793 If you’re looking to rent in Torrance’s most popular neighborhoods, make sure to also check out Walteria, where renters pay $2,051 on average, and Harbor Gateway South, where the average monthly rent is $2,043.
Torrance | Rent Comparison by Neighborhood
Rent in Central Business District is 3% lower than in Harbor Gateway South
Central Business District rent is 1% lower than Torrance average
Harbor Gateway South rent is 2% higher than Torrance average
How Torrance Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Torrance rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!