Best Affordable Neighborhoods in Torrance, CA
Some of the cheapest neighborhoods in Torrance are Harbor, Olde Torrance Neighborhood, and Southwood Riviera. These neighborhoods offer some of the lowest rent prices in Torrance, making them ideal for renters on a budget. As of May 25, 2026, the average rent in Torrance is $2,041, which is 1.1% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Harbor
Average Rent
$1,974/Month
Year-Over-Year Rent Change
1.1%
Units Available
19 Rentals
Harbor is an affordable neighborhood in Torrance with an average rent price of $1,974. Compare this to the city average of $2,041. In the past year, rent prices have increased by 1.1%. Harbor provides easy access to Marine/Redondo Station, The Square, and Los Angeles International.
Olde Torrance Neighborhood
Average Rent
$2,198/Month
Year-Over-Year Rent Change
1.9%
Units Available
20 Rentals
If you’re looking for a great, affordable neighborhood in Torrance, Olde Torrance Neighborhood might be the perfect place! It has an average rent price of $2,198, while the city’s average stands at $2,041. In the last year, prices have increased by 1.9%. Olde Torrance Neighborhood is near South Coast Botanic Garden, Banning Residence Museum, and El Camino College, Torrance.
Southwood Riviera
Average Rent
$2,231/Month
Year-Over-Year Rent Change
0.2%
Units Available
19 Rentals
Southwood Riviera is a top choice for budget-conscious renters for a variety of reasons. The average rent in Southwood Riviera is $2,231 while the city average is $2,041. This is a -0.2% difference from last year. Residents enjoy convenient access to Long Beach (Daugherty Field), Mariposa/Nash Station, and Cal State Dominguez Hills.
South Bay
Average Rent
$2,311/Month
Year-Over-Year Rent Change
0.6%
Units Available
590 Rentals
When you’re looking for a great Torrance neighborhood on a budget, check out South Bay. The average rent is $2,311, compared to the city average of $2,041. Rent prices have increased by 0.6%. South Bay is convenient to The Enclave, Compton Station, and Del Amo Station.
Delthome
Average Rent
$2,312/Month
Year-Over-Year Rent Change
2.5%
Units Available
18 Rentals
Delthome is an affordable neighborhood in Torrance with an average rent price of $2,312. Compare this to the city average of $2,041. In the past year, rent prices have increased by 2.5%. Delthome provides easy access to El Camino College, Torrance, Torrance Village, and El Segundo/Nash Station.
Hillside
Average Rent
$2,551/Month
Year-Over-Year Rent Change
0.5%
Units Available
14 Rentals
If you’re looking for a great, affordable neighborhood in Torrance, Hillside might be the perfect place! It has an average rent price of $2,551, while the city’s average stands at $2,041. In the last year, prices have decreased by 0.5%. Hillside is near Pacific Station, George F. Canyon Preserve & Nature Center, and Wardlow Station.
Walteria
Average Rent
$2,944/Month
Year-Over-Year Rent Change
1.1%
Units Available
35 Rentals
Walteria is a top choice for budget-conscious renters for a variety of reasons. The average rent in Walteria is $2,944 while the city average is $2,041. This is a 1.1% difference from last year. Residents enjoy convenient access to Harbor College, Los Angeles International, and El Segundo/Nash Station.
Southeast Torrance
Average Rent
$3,197/Month
Year-Over-Year Rent Change
1.8%
Units Available
27 Rentals
When you’re looking for a great Torrance neighborhood on a budget, check out Southeast Torrance. The average rent is $3,197, compared to the city average of $2,041. Rent prices have decreased by 1.8%. Southeast Torrance is convenient to Madrona Marsh Preserve & Nature Center, Narbonne Plaza, and Los Angeles International.
Marble Estates
Average Rent
$4,019/Month
Year-Over-Year Rent Change
1.2%
Units Available
15 Rentals
Marble Estates is an affordable neighborhood in Torrance with an average rent price of $4,019. Compare this to the city average of $2,041. In the past year, rent prices have decreased by 1.2%. Marble Estates provides easy access to George F. Canyon Preserve & Nature Center, El Camino College, Torrance, and Marine/Redondo Station.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.