Monthly Rent Report
Downey Rent Report — February 2024
Asking rents in ZIP 90240, Los Angeles, from 152 listings.
Median 1BR rent in Downey was $1,850 in February 2024, up 9.1% (+$155) from January 2024 and up 2.8% year-over-year. The middle half of 1BR listings asked between $1,695 and $1,995. That puts Downey $345 below the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 152 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,750 | $0 (0.0%) | — | $1,750 – $1,750 | 1 |
| Studio | $1,750 | $0 (0.0%) | — | $1,750 – $1,750 | 6 |
| 1BR | $1,850 | +$155 (+9.1%) | +$51 (+2.8%) | $1,695 – $1,995 | 29 |
| 1BR | $1,700 | +$5 (+0.3%) | −$99 (-5.5%) | $1,700 – $1,700 | 1 |
| 2BR | $2,694 | +$44 (+1.7%) | +$649 (+31.7%) | $2,350 – $2,933 | 59 |
| 2BR | $2,375 | −$275 (-10.4%) | +$330 (+16.1%) | $2,363 – $2,388 | 2 |
| 3BR | $3,789 | −$711 (-15.8%) | +$294 (+8.4%) | $3,570 – $4,500 | 30 |
| 3BR | $4,500 | $0 (0.0%) | +$1,005 (+28.8%) | $4,500 – $4,500 | 4 |
| 4BR | $6,500 | +$250 (+4.0%) | +$500 (+8.3%) | $5,900 – $6,500 | 5 |
| 4BR | $7,500 | +$1,250 (+20.0%) | +$1,500 (+25.0%) | $7,500 – $7,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Downey vs. Los Angeles — February 2024
| Bedrooms | Downey Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,750 | $1,750 | +$1 (+0.0%) |
| Studio | $1,750 | $1,750 | +$1 (+0.0%) |
| 1BR | $1,850 | $2,195 | −$345 (-15.7%) |
| 1BR | $1,700 | $2,195 | −$495 (-22.6%) |
| 2BR | $2,694 | $2,850 | −$156 (-5.5%) |
| 2BR | $2,375 | $2,850 | −$475 (-16.7%) |
| 3BR | $3,789 | $3,995 | −$206 (-5.2%) |
| 3BR | $4,500 | $3,995 | +$505 (+12.6%) |
| 4BR | $6,500 | $5,000 | +$1,500 (+30.0%) |
| 4BR | $7,500 | $5,000 | +$2,500 (+50.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.