Monthly Rent Report
Downey Rent Report — August 2024
Asking rents in ZIP 90242, Los Angeles, from 21 listings.
Median 1BR rent in Downey was $1,950 in August 2024, up 2.6% (+$50) from July 2024 and up 32.7% year-over-year. The middle half of 1BR listings asked between $1,950 and $1,950. That puts Downey $145 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 21 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,500 | −$345 (-18.7%) | −$350 (-18.9%) | $1,495 – $1,595 | 12 |
| 1BR | $1,950 | +$50 (+2.6%) | +$480 (+32.7%) | $1,950 – $1,950 | 1 |
| 2BR | $2,265 | −$285 (-11.2%) | −$140 (-5.8%) | $2,248 – $2,283 | 2 |
| 3BR | $3,500 | +$301 (+9.4%) | +$301 (+9.4%) | $3,500 – $3,500 | 1 |
| 4BR | $4,490 | +$490 (+12.3%) | +$590 (+15.1%) | $4,113 – $4,998 | 4 |
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 | $1,500 | $1,750 | −$250 (-14.3%) |
| 1BR | $1,950 | $2,095 | −$145 (-6.9%) |
| 2BR | $2,265 | $2,795 | −$530 (-19.0%) |
| 3BR | $3,500 | $4,000 | −$500 (-12.5%) |
| 4BR | $4,490 | $4,895 | −$405 (-8.3%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.