Rental prices continued climb in April
DOWNEY – Rental prices in Downey continued their climb in April, escalating 0.1% over the past month, according to data released Tuesday by Apartment List.
While last month’s rent increase appears negligible, rent is up 1.9% year-over-year, statistics show.
Median rent prices here prove to be less affordable than comparable cities nationwide - Downey's median two-bedroom rent of $1,790 is above the national average of $1,170.
Over the past year, rent increases have been occurring not just in Downey, but across the entire metro - of the largest 10 cities that Apartment List has data for in the Los Angeles metro, eight of them have seen prices rise.