Monthly Rent Report
Downey Rent Report — August 2024
Asking rents in ZIP 90241, Los Angeles, from 11 listings.
Median 1BR rent in Downey was $1,895 in August 2024, flat versus July 2024 and up 3.8% year-over-year. The middle half of 1BR listings asked between $1,895 and $1,895. That puts Downey $200 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 11 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,700 | −$100 (-5.6%) | +$5 (+0.3%) | $1,700 – $1,700 | 1 |
| 1BR | $1,895 | $0 (0.0%) | +$70 (+3.8%) | $1,895 – $1,895 | 2 |
| 2BR | $2,288 | −$207 (-8.3%) | −$137 (-5.7%) | $2,244 – $2,331 | 2 |
| 3BR | $4,000 | −$200 (-4.8%) | +$500 (+14.3%) | $4,000 – $4,000 | 4 |
| 3BR | $4,000 | −$200 (-4.8%) | +$500 (+14.3%) | $4,000 – $4,000 | 1 |
| 4BR | $3,999 | −$351 (-8.1%) | −$151 (-3.6%) | $3,999 – $3,999 | 1 |
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 |
|---|---|---|---|
| Studio | $1,700 | $1,750 | −$50 (-2.9%) |
| 1BR | $1,895 | $2,095 | −$200 (-9.5%) |
| 2BR | $2,288 | $2,795 | −$507 (-18.2%) |
| 3BR | $4,000 | $4,000 | $0 (0.0%) |
| 3BR | $4,000 | $4,000 | $0 (0.0%) |
| 4BR | $3,999 | $4,895 | −$896 (-18.3%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.