Monthly Rent Report
Downey Rent Report — July 2023
Asking rents in ZIP 90240, Los Angeles, from 18 listings.
Median 1BR rent in Downey was $1,750 in July 2023, down 2.7% (−$49) from June 2023 and up 2.9% year-over-year. The middle half of 1BR listings asked between $1,750 and $1,750. That puts Downey $375 below the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 18 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,750 | −$49 (-2.7%) | +$50 (+2.9%) | $1,750 – $1,750 | 1 |
| 1BR | $1,950 | +$151 (+8.4%) | +$250 (+14.7%) | $1,950 – $1,950 | 1 |
| 2BR | $2,600 | −$97 (-3.6%) | −$200 (-7.1%) | $2,600 – $2,600 | 1 |
| 2BR | $2,700 | +$3 (+0.1%) | −$100 (-3.6%) | $2,375 – $2,923 | 7 |
| 3BR | $3,822 | +$191 (+5.2%) | −$578 (-13.1%) | $3,632 – $4,011 | 2 |
| 3BR | $3,300 | −$331 (-9.1%) | −$1,100 (-25.0%) | $3,300 – $3,300 | 1 |
| 4BR | $4,400 | — | — | $4,350 – $4,450 | 3 |
| 4BR | $4,450 | — | — | $4,425 – $4,475 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Downey vs. Los Angeles — July 2023
| Bedrooms | Downey Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,750 | $2,125 | −$375 (-17.6%) |
| 1BR | $1,950 | $2,125 | −$175 (-8.2%) |
| 2BR | $2,600 | $2,873 | −$273 (-9.5%) |
| 2BR | $2,700 | $2,873 | −$173 (-6.0%) |
| 3BR | $3,822 | $3,836 | −$14 (-0.4%) |
| 3BR | $3,300 | $3,836 | −$536 (-14.0%) |
| 4BR | $4,400 | $4,572 | −$172 (-3.8%) |
| 4BR | $4,450 | $4,572 | −$122 (-2.7%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.