Monthly Rent Report
Downey Rent Report — May 2024
Asking rents in ZIP 90240, Los Angeles, from 154 listings.
Median 1BR rent in Downey was $1,798 in May 2024, down 7.8% (−$152) from April 2024 and down 3.5% year-over-year. The middle half of 1BR listings asked between $1,696 and $1,995. That puts Downey $298 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 154 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,798 | −$152 (-7.8%) | −$65 (-3.5%) | $1,696 – $1,995 | 50 |
| 1BR | $4,400 | +$2,450 (+125.6%) | +$2,538 (+136.2%) | $4,400 – $4,400 | 1 |
| 2BR | $2,495 | $0 (0.0%) | −$390 (-13.5%) | $2,295 – $2,867 | 59 |
| 2BR | $3,345 | +$850 (+34.1%) | +$460 (+15.9%) | $3,345 – $3,345 | 1 |
| 3BR | $3,200 | −$1,300 (-28.9%) | −$4,300 (-57.3%) | $3,200 – $3,200 | 1 |
| 3BR | $4,400 | −$100 (-2.2%) | −$3,100 (-41.3%) | $3,403 – $4,500 | 27 |
| 4BR | $5,725 | +$925 (+19.3%) | +$1,775 (+44.9%) | $4,838 – $6,613 | 2 |
| 4BR | $4,800 | $0 (0.0%) | +$850 (+21.5%) | $4,113 – $7,500 | 11 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Downey vs. Los Angeles — May 2024
| Bedrooms | Downey Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,798 | $2,095 | −$297 (-14.2%) |
| 1BR | $4,400 | $2,095 | +$2,305 (+110.0%) |
| 2BR | $2,495 | $2,850 | −$355 (-12.5%) |
| 2BR | $3,345 | $2,850 | +$495 (+17.4%) |
| 3BR | $3,200 | $3,969 | −$768 (-19.4%) |
| 3BR | $4,400 | $3,969 | +$432 (+10.9%) |
| 4BR | $5,725 | $5,175 | +$550 (+10.6%) |
| 4BR | $4,800 | $5,175 | −$375 (-7.2%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.