Monthly Rent Report
Downey Rent Report — May 2024
Asking rents in ZIP 90241, Los Angeles, from 194 listings.
Median 1BR rent in Downey was $1,950 in May 2024, up 2.6% (+$50) from April 2024 and up 44.7% year-over-year. The middle half of 1BR listings asked between $1,850 and $1,995. That puts Downey $145 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 194 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,700 | +$5 (+0.3%) | +$305 (+21.9%) | $1,700 – $1,700 | 1 |
| Studio | $1,795 | +$100 (+5.9%) | +$400 (+28.7%) | $1,650 – $1,895 | 25 |
| 1BR | $1,950 | +$50 (+2.6%) | +$603 (+44.7%) | $1,850 – $1,995 | 117 |
| 1BR | $2,050 | +$150 (+7.9%) | +$703 (+52.1%) | $2,050 – $2,050 | 1 |
| 2BR | $1,350 | −$1,050 (-43.8%) | −$1,045 (-43.6%) | $1,350 – $1,350 | 1 |
| 2BR | $2,500 | +$100 (+4.2%) | +$105 (+4.4%) | $2,500 – $2,500 | 1 |
| 3BR | $3,950 | +$250 (+6.8%) | +$655 (+19.9%) | $3,700 – $4,134 | 18 |
| 3BR | $3,950 | +$250 (+6.8%) | +$655 (+19.9%) | $3,700 – $4,134 | 18 |
| 4BR | $7,000 | +$3,300 (+89.2%) | +$3,700 (+112.1%) | $4,050 – $7,000 | 7 |
| 4BR | $3,850 | +$150 (+4.1%) | +$550 (+16.7%) | $3,750 – $5,425 | 3 |
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 |
|---|---|---|---|
| Studio | $1,700 | $1,795 | −$95 (-5.3%) |
| Studio | $1,795 | $1,795 | $0 (0.0%) |
| 1BR | $1,950 | $2,095 | −$145 (-6.9%) |
| 1BR | $2,050 | $2,095 | −$45 (-2.1%) |
| 2BR | $1,350 | $2,850 | −$1,500 (-52.6%) |
| 2BR | $2,500 | $2,850 | −$350 (-12.3%) |
| 3BR | $3,950 | $3,969 | −$18 (-0.5%) |
| 3BR | $3,950 | $3,969 | −$18 (-0.5%) |
| 4BR | $7,000 | $5,175 | +$1,825 (+35.3%) |
| 4BR | $3,850 | $5,175 | −$1,325 (-25.6%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.