Monthly Rent Report
Downey Rent Report — May 2023
Asking rents in ZIP 90241, Los Angeles, from 95 listings.
Median 1BR rent in Downey was $1,348 in May 2023, down 27.2% (−$502) from April 2023 and down 29.1% year-over-year. The middle half of 1BR listings asked between $1,124 and $1,571. That puts Downey $775 below the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 95 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,395 | −$405 (-22.5%) | −$190 (-12.0%) | $1,395 – $1,395 | 1 |
| Studio | $1,800 | $0 (0.0%) | +$215 (+13.6%) | $1,800 – $1,875 | 11 |
| 1BR | $1,348 | −$502 (-27.2%) | −$552 (-29.1%) | $1,124 – $1,571 | 2 |
| 1BR | $1,895 | +$45 (+2.4%) | −$5 (-0.3%) | $1,850 – $1,950 | 41 |
| 2BR | $2,395 | +$545 (+29.5%) | +$120 (+5.3%) | $2,295 – $2,675 | 26 |
| 2BR | $3,100 | +$1,250 (+67.6%) | +$825 (+36.3%) | $3,100 – $3,100 | 1 |
| 3BR | $3,200 | $0 (0.0%) | −$300 (-8.6%) | $3,000 – $3,725 | 7 |
| 3BR | $3,295 | +$95 (+3.0%) | −$205 (-5.9%) | $3,295 – $3,295 | 1 |
| 4BR | $4,450 | −$1,249 (-21.9%) | +$155 (+3.6%) | $4,350 – $4,750 | 4 |
| 4BR | $3,300 | −$2,399 (-42.1%) | −$995 (-23.2%) | $3,300 – $3,300 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Downey vs. Los Angeles — May 2023
| Bedrooms | Downey Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,395 | $1,750 | −$355 (-20.3%) |
| Studio | $1,800 | $1,750 | +$50 (+2.9%) |
| 1BR | $1,348 | $2,122 | −$774 (-36.5%) |
| 1BR | $1,895 | $2,122 | −$227 (-10.7%) |
| 2BR | $2,395 | $2,780 | −$385 (-13.8%) |
| 2BR | $3,100 | $2,780 | +$320 (+11.5%) |
| 3BR | $3,200 | $3,943 | −$742 (-18.8%) |
| 3BR | $3,295 | $3,943 | −$647 (-16.4%) |
| 4BR | $4,450 | $5,000 | −$550 (-11.0%) |
| 4BR | $3,300 | $5,000 | −$1,700 (-34.0%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.