Monthly Rent Report
Downey Rent Report — March 2024
Asking rents in ZIP 90240, Los Angeles, from 79 listings.
Median 1BR rent in Downey was $1,950 in March 2024, up 14.7% (+$250) from February 2024 and up 4.1% year-over-year. The middle half of 1BR listings asked between $1,809 and $2,224. That puts Downey $195 below the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 79 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,750 | $0 (0.0%) | — | $1,750 – $1,750 | 1 |
| Studio | $1,750 | $0 (0.0%) | — | $1,575 – $1,750 | 3 |
| 1BR | $1,950 | +$250 (+14.7%) | +$78 (+4.1%) | $1,809 – $2,224 | 22 |
| 1BR | $1,800 | +$100 (+5.9%) | −$72 (-3.9%) | $1,800 – $1,800 | 1 |
| 2BR | $3,145 | +$770 (+32.4%) | +$1,345 (+74.7%) | $3,145 – $3,145 | 1 |
| 2BR | $2,694 | +$319 (+13.4%) | +$894 (+49.7%) | $2,300 – $3,036 | 37 |
| 3BR | $3,250 | −$539 (-14.2%) | −$329 (-9.2%) | $3,250 – $3,250 | 1 |
| 3BR | $3,612 | −$177 (-4.7%) | +$33 (+0.9%) | $3,298 – $3,817 | 11 |
| 4BR | $5,900 | −$1,600 (-21.3%) | +$100 (+1.7%) | $5,900 – $5,900 | 1 |
| 4BR | $5,900 | −$1,600 (-21.3%) | +$100 (+1.7%) | $5,900 – $5,900 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Downey vs. Los Angeles — March 2024
| Bedrooms | Downey Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,750 | $1,723 | +$28 (+1.6%) |
| Studio | $1,750 | $1,723 | +$28 (+1.6%) |
| 1BR | $1,950 | $2,145 | −$195 (-9.1%) |
| 1BR | $1,800 | $2,145 | −$345 (-16.1%) |
| 2BR | $3,145 | $2,850 | +$295 (+10.4%) |
| 2BR | $2,694 | $2,850 | −$156 (-5.5%) |
| 3BR | $3,250 | $3,762 | −$512 (-13.6%) |
| 3BR | $3,612 | $3,762 | −$150 (-4.0%) |
| 4BR | $5,900 | $4,950 | +$950 (+19.2%) |
| 4BR | $5,900 | $4,950 | +$950 (+19.2%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.