Monthly Rent Report
Downey Rent Report — August 2023
Asking rents in ZIP 90240, Los Angeles, from 21 listings.
Median 1BR rent in Downey was $1,695 in August 2023, down 13.1% (−$255) from July 2023 and unchanged year-over-year. The middle half of 1BR listings asked between $1,695 and $1,695. That puts Downey $405 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 21 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,695 | −$255 (-13.1%) | $0 (0.0%) | $1,695 – $1,695 | 6 |
| 1BR | $2,600 | +$650 (+33.3%) | +$905 (+53.4%) | $2,600 – $2,600 | 1 |
| 2BR | $2,050 | −$550 (-21.2%) | −$942 (-31.5%) | $2,050 – $2,050 | 2 |
| 2BR | $2,050 | −$550 (-21.2%) | −$942 (-31.5%) | $2,050 – $2,050 | 3 |
| 3BR | $3,621 | +$321 (+9.7%) | −$3,879 (-51.7%) | $3,411 – $3,702 | 3 |
| 3BR | $3,491 | +$191 (+5.8%) | −$4,009 (-53.5%) | $3,346 – $3,637 | 2 |
| 4BR | $7,500 | +$3,050 (+68.5%) | +$2,700 (+56.3%) | $7,500 – $7,500 | 1 |
| 4BR | $7,500 | +$3,050 (+68.5%) | +$2,700 (+56.3%) | $6,700 – $7,500 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Downey vs. Los Angeles — August 2023
| Bedrooms | Downey Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,695 | $2,100 | −$405 (-19.3%) |
| 1BR | $2,600 | $2,100 | +$500 (+23.8%) |
| 2BR | $2,050 | $2,895 | −$845 (-29.2%) |
| 2BR | $2,050 | $2,895 | −$845 (-29.2%) |
| 3BR | $3,621 | $3,897 | −$276 (-7.1%) |
| 3BR | $3,491 | $3,897 | −$406 (-10.4%) |
| 4BR | $7,500 | $5,163 | +$2,338 (+45.3%) |
| 4BR | $7,500 | $5,163 | +$2,338 (+45.3%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.