Best Affordable Neighborhoods in Torrance, CA
Some of the cheapest neighborhoods in Torrance are Harbor, Olde Torrance, and Olde Torrance Neighborhood. These neighborhoods offer some of the lowest rent prices in Torrance, making them ideal for renters on a budget. As of April 10, 2026, the average rent in Torrance is $2,034, which is 0.8% 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
$1,997/Month
Year-Over-Year Rent Change
0.8%
Units Available
22 Rentals
If you’re looking for a great, affordable neighborhood in Torrance, Harbor might be the perfect place! It has an average rent price of $1,997, while the city’s average stands at $2,034. In the last year, prices have increased by 0.8%. Harbor is near Harbor College, Marine/Redondo Station, and Del Amo Station.
Olde Torrance
Average Rent
$2,084/Month
Units Available
18 Rentals
Olde Torrance is a top choice for budget-conscious renters for a variety of reasons. The average rent in Olde Torrance is $2,084 while the city average is $2,034. Residents enjoy convenient access to Carson Plaza, El Camino College, Torrance, and Banning Residence Museum.
Olde Torrance Neighborhood
Average Rent
$2,146/Month
Year-Over-Year Rent Change
0.8%
Units Available
18 Rentals
When you’re looking for a great Torrance neighborhood on a budget, check out Olde Torrance Neighborhood. The average rent is $2,146, compared to the city average of $2,034. Rent prices have increased by 0.8%. Olde Torrance Neighborhood is convenient to Los Angeles International, El Camino College, Torrance, and Carson Plaza.
Southwood Riviera
Average Rent
$2,249/Month
Year-Over-Year Rent Change
0.2%
Units Available
18 Rentals
Southwood Riviera is an affordable neighborhood in Torrance with an average rent price of $2,249. Compare this to the city average of $2,034. In the past year, rent prices have increased by 0.2%. Southwood Riviera provides easy access to George F. Canyon Preserve & Nature Center, South Coast Botanic Garden, and Los Angeles Southwest College.
South Bay
Average Rent
$2,328/Month
Year-Over-Year Rent Change
0.6%
Units Available
581 Rentals
If you’re looking for a great, affordable neighborhood in Torrance, South Bay might be the perfect place! It has an average rent price of $2,328, while the city’s average stands at $2,034. In the last year, prices have increased by 0.6%. South Bay is near The Shops at South Bay, Harbor Fwy Station, and Del Amo Station.
Delthome
Average Rent
$2,436/Month
Year-Over-Year Rent Change
1.2%
Units Available
16 Rentals
Delthome is a top choice for budget-conscious renters for a variety of reasons. The average rent in Delthome is $2,436 while the city average is $2,034. This is a 1.2% difference from last year. Residents enjoy convenient access to Los Angeles Southwest College, Douglas/Rosecrans Station, and Long Beach (Daugherty Field).
Hillside
Average Rent
$2,523/Month
Year-Over-Year Rent Change
5.6%
Units Available
11 Rentals
When you’re looking for a great Torrance neighborhood on a budget, check out Hillside. The average rent is $2,523, compared to the city average of $2,034. Rent prices have decreased by 5.6%. Hillside is convenient to Los Angeles International, Harbor College, and Long Beach (Daugherty Field).
Walteria
Average Rent
$3,129/Month
Year-Over-Year Rent Change
1.9%
Units Available
40 Rentals
Walteria is an affordable neighborhood in Torrance with an average rent price of $3,129. Compare this to the city average of $2,034. In the past year, rent prices have increased by 1.9%. Walteria provides easy access to Cal State Dominguez Hills, Newton Pacific Plaza, and South Coast Botanic Garden.
Southeast Torrance
Average Rent
$3,297/Month
Year-Over-Year Rent Change
2.4%
Units Available
35 Rentals
If you’re looking for a great, affordable neighborhood in Torrance, Southeast Torrance might be the perfect place! It has an average rent price of $3,297, while the city’s average stands at $2,034. In the last year, prices have decreased by 2.4%. Southeast Torrance is near Marine/Redondo Station, Del Amo Station, and El Camino College, Torrance.
Marble Estates
Average Rent
$3,953/Month
Year-Over-Year Rent Change
4.6%
Units Available
23 Rentals
Marble Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in Marble Estates is $3,953 while the city average is $2,034. This is a 4.6% difference from last year. Residents enjoy convenient access to Banning Residence Museum, Long Beach (Daugherty Field), and Crenshaw Plaza.
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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.