Monthly Rent Report
Downey Rent Report — August 2023
Asking rents in ZIP 90241, Los Angeles, from 33 listings.
Median 1BR rent in Downey was $1,825 in August 2023, down 3.7% (−$70) from July 2023 and up 1.7% year-over-year. The middle half of 1BR listings asked between $1,825 and $1,825. That puts Downey $275 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 33 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,695 | −$105 (-5.8%) | −$105 (-5.8%) | $1,695 – $1,695 | 1 |
| Studio | $1,800 | $0 (0.0%) | $0 (0.0%) | $1,695 – $1,800 | 5 |
| 1BR | $1,825 | −$70 (-3.7%) | +$30 (+1.7%) | $1,825 – $1,825 | 1 |
| 1BR | $1,850 | −$45 (-2.4%) | +$55 (+3.1%) | $1,850 – $1,850 | 8 |
| 2BR | $2,000 | −$900 (-31.0%) | −$200 (-9.1%) | $2,000 – $2,000 | 1 |
| 2BR | $2,425 | −$475 (-16.4%) | +$225 (+10.2%) | $2,213 – $2,638 | 6 |
| 3BR | $3,500 | −$400 (-10.3%) | −$545 (-13.5%) | $2,746 – $3,725 | 6 |
| 3BR | $2,495 | −$1,405 (-36.0%) | −$1,550 (-38.3%) | $2,495 – $2,495 | 1 |
| 4BR | $4,150 | −$250 (-5.7%) | +$455 (+12.3%) | $4,025 – $4,275 | 2 |
| 4BR | $4,150 | −$250 (-5.7%) | +$455 (+12.3%) | $4,025 – $4,275 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Downey vs. Los Angeles — August 2023
| Bedrooms | Downey Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,695 | $1,775 | −$80 (-4.5%) |
| Studio | $1,800 | $1,775 | +$25 (+1.4%) |
| 1BR | $1,825 | $2,100 | −$275 (-13.1%) |
| 1BR | $1,850 | $2,100 | −$250 (-11.9%) |
| 2BR | $2,000 | $2,895 | −$895 (-30.9%) |
| 2BR | $2,425 | $2,895 | −$470 (-16.2%) |
| 3BR | $3,500 | $3,897 | −$397 (-10.2%) |
| 3BR | $2,495 | $3,897 | −$1,402 (-36.0%) |
| 4BR | $4,150 | $5,163 | −$1,012 (-19.6%) |
| 4BR | $4,150 | $5,163 | −$1,012 (-19.6%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.