Monthly Rent Report
Downey Rent Report — August 2024
Asking rents in ZIP 90240, Los Angeles, from 65 listings.
Median 1BR rent in Downey was $1,895 in August 2024, flat versus July 2024 and up 11.8% year-over-year. The middle half of 1BR listings asked between $1,795 and $2,023. That puts Downey $200 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 65 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,895 | $0 (0.0%) | +$200 (+11.8%) | $1,795 – $2,023 | 39 |
| 2BR | $2,995 | +$500 (+20.0%) | +$945 (+46.1%) | $2,995 – $3,045 | 3 |
| 3BR | $4,000 | +$850 (+27.0%) | +$379 (+10.5%) | $3,741 – $4,400 | 15 |
| 4BR | $6,175 | +$2,505 (+68.3%) | −$1,325 (-17.7%) | $4,850 – $7,500 | 6 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Downey vs. Los Angeles — August 2024
| Bedrooms | Downey Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,895 | $2,095 | −$200 (-9.5%) |
| 2BR | $2,995 | $2,795 | +$200 (+7.2%) |
| 3BR | $4,000 | $4,000 | $0 (0.0%) |
| 4BR | $6,175 | $4,895 | +$1,280 (+26.1%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.