Rents are 7% below what Torrance's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,921 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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Who lives here
Torrance, CA is roughly split between renters and owners, has a median income above the national average, 54% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Torrance, CA has changed in 5 years
Five years ago, renters in Torrance, CA paid around $2,333 a month. That figure now sits near $2,921, up 25.2% from the 2021 baseline. On the earnings side, the typical household in Torrance, CA now reports about $116,217, up from $100,215 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Torrance, CA losing about 5,026 residents over the five-year window, down 3.4% on net. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Torrance, CA reflects that arc in its own way.
Discussions about Torrance
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Can you afford rent in Torrance on your salary?
At $2,921/mo, how Torrance rent compares to typical pay (30% rule).
Torrance rent by bedroom count
Median rent for each apartment size in Torrance. Click any size for full breakdown.
Tips for renters in Torrance
Last updated: August 17, 2026
The median rent in Torrance is $2,921/mo as of August 2026. A studio apartment averages $2,050/mo while a 2-bedroom runs $2,903/mo. One-bedroom apartments average $2,303/mo and 3-bedroom units go for $3,688/mo.
At 30% of local median household income ($116,217/yr), Torrance ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.5% over the past year.
Frequently asked questions
Is Torrance an affordable city for renters?
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Is rent going up or down in Torrance?
Which Torrance neighborhoods have the lowest rent?
How does Torrance rent compare to other cities in California?
Which nearby cities are cheaper to rent in than Torrance?
What percentage of Torrance residents rent vs. own?
How does Torrance rent compare to the national average?
At $2,921/mo, rent takes ~30% of Torrance's median household income ($116,217/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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