Monthly Rent Report
Downey Rent Report — February 2024
Asking rents in ZIP 90242, Los Angeles, from 213 listings.
Median 1BR rent in Downey was $1,940 in February 2024, up 7.8% (+$140) from January 2024 and up 2.4% year-over-year. The middle half of 1BR listings asked between $1,773 and $2,052. That puts Downey $255 below the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 213 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,325 | −$360 (-21.4%) | −$675 (-33.8%) | $1,231 – $1,531 | 6 |
| Studio | $1,325 | −$360 (-21.4%) | −$675 (-33.8%) | $1,231 – $1,531 | 6 |
| 1BR | $1,940 | +$140 (+7.8%) | +$45 (+2.4%) | $1,773 – $2,052 | 95 |
| 1BR | $1,600 | −$200 (-11.1%) | −$295 (-15.6%) | $1,600 – $1,600 | 1 |
| 2BR | $2,495 | $0 (0.0%) | +$145 (+6.2%) | $2,298 – $2,595 | 82 |
| 2BR | $2,305 | −$190 (-7.6%) | −$45 (-1.9%) | $2,305 – $2,305 | 2 |
| 3BR | $3,199 | $0 (0.0%) | $0 (0.0%) | $3,199 – $3,800 | 20 |
| 3BR | $3,900 | +$701 (+21.9%) | +$701 (+21.9%) | $3,900 – $3,900 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Downey vs. Los Angeles — February 2024
| Bedrooms | Downey Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,325 | $1,750 | −$424 (-24.3%) |
| Studio | $1,325 | $1,750 | −$424 (-24.3%) |
| 1BR | $1,940 | $2,195 | −$255 (-11.6%) |
| 1BR | $1,600 | $2,195 | −$595 (-27.1%) |
| 2BR | $2,495 | $2,850 | −$355 (-12.5%) |
| 2BR | $2,305 | $2,850 | −$545 (-19.1%) |
| 3BR | $3,199 | $3,995 | −$796 (-19.9%) |
| 3BR | $3,900 | $3,995 | −$95 (-2.4%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.