Apartments for Rent in Olde Torrance, Torrance, CA

Olde Torrance, Torrance apartment availability

Olde Torrance's rental market offers a good selection of listings, with an average of about 32 rentals available each month. The neighborhood's inventory is diverse, featuring a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, as well as studios. Many of these apartments offer desirable amenities, including outdoor spaces, on-site laundry, and in-unit laundry, which are available in approximately 40-45% of the apartments. This variety of options and amenities makes Olde Torrance a great neighborhood to consider for renters with different needs and preferences.

Olde Torrance, Torrance rental market trends

The Olde Torrance neighborhood in Torrance saw a slight decrease in average rent prices in 2024, with a year-over-year decrease of about 1%. The average monthly rent for all bed counts and property types is around $2,615. Breaking it down by bed count, 1-bedrooms average around $2,011 per month, reflecting a 4% decrease from the previous year. On the other hand, 2-bedrooms saw a 7% increase, averaging around $2,888, and 3-bedrooms saw a 10% increase, averaging around $3,936. Studios experienced the largest increase, with a 17% jump to an average of $1,642.

In terms of seasonality, May is typically the month with the highest rent prices, with a 15% increase compared to February, the month with the lowest rent prices. If you're looking for a new apartment, February may be a good time to find a deal. However, if you're looking for a specific type of apartment, be prepared for more competition during the spring and summer months.

Why Olde Torrance, Torrance is a great place to live

We've analyzed data from the last few years to understand what makes Olde Torrance an attractive neighborhood for renters. It appears that this area excels in two key areas: social life and environmental sustainability.

For those prioritizing eco-friendliness, Olde Torrance stands out due to its emphasis on sustainable living. Many homes here feature non-toxic paint, low-flow fixtures, and sustainable construction materials. The neighborhood also promotes a green lifestyle through rainwater harvesting, recycling programs, and community solar projects. Additionally, its high walk score and access to parks and recreation areas make it easy to reduce one's carbon footprint.

The area is also ideal for those seeking an active social life. With a strong focus on safety, well-maintained street infrastructure, and a diverse age distribution, Olde Torrance fosters a sense of community. Its convenient transit options and high walk score also make it simple to get out and explore local amenities.