The Downey Patriot

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Rental prices continued climb in April

Photo by Joan Anderson, DowneyDailyPhotos.com

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.