Monthly Rent Report
Downey Rent Report — March 2024
Asking rents in ZIP 90242, Los Angeles, from 189 listings.
Median 1BR rent in Downey was $1,695 in March 2024, up 5.9% (+$95) from February 2024 and down 10.8% year-over-year. The middle half of 1BR listings asked between $1,695 and $1,695. That puts Downey $450 below the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 189 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,600 | +$275 (+20.8%) | −$50 (-3.0%) | $1,550 – $1,750 | 13 |
| Studio | $1,550 | +$225 (+17.0%) | −$100 (-6.1%) | $1,550 – $1,681 | 10 |
| 1BR | $1,695 | +$95 (+5.9%) | −$205 (-10.8%) | $1,695 – $1,695 | 2 |
| 1BR | $1,895 | +$295 (+18.4%) | −$5 (-0.3%) | $1,850 – $2,100 | 69 |
| 2BR | $2,273 | −$222 (-8.9%) | −$22 (-1.0%) | $2,184 – $2,305 | 6 |
| 2BR | $2,495 | $0 (0.0%) | +$200 (+8.7%) | $2,295 – $2,595 | 61 |
| 3BR | $3,199 | −$701 (-18.0%) | +$299 (+10.3%) | $3,199 – $3,199 | 27 |
| 3BR | $3,600 | −$300 (-7.7%) | +$700 (+24.1%) | $3,600 – $3,600 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Downey vs. Los Angeles — March 2024
| Bedrooms | Downey Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,600 | $1,723 | −$122 (-7.1%) |
| Studio | $1,550 | $1,723 | −$172 (-10.0%) |
| 1BR | $1,695 | $2,145 | −$450 (-21.0%) |
| 1BR | $1,895 | $2,145 | −$250 (-11.7%) |
| 2BR | $2,273 | $2,850 | −$577 (-20.3%) |
| 2BR | $2,495 | $2,850 | −$355 (-12.5%) |
| 3BR | $3,199 | $3,762 | −$563 (-15.0%) |
| 3BR | $3,600 | $3,762 | −$162 (-4.3%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.