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ZIP Code · CA

ZIP 90240

Part of Downey, CA
Pop. 24,853·Los Angeles County·399th most expensive ZIP in California
Median rent (all units)
$2,899/mo
Year-over-Year
-11.2%
Month-over-Month
-5.7%
vs US Median
+$934
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 90240 · $2,899
More expensive than 88% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,930
1 BR
$2,160
2 BR
$2,700
3 BR
$3,420
4 BR+
$3,810
Research median
$2,700/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$34,788/yr
At $2,899/mo median
Location
CityDowney
StateCA
CountyLos Angeles County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 11.2% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-11.2% YoY, -5.7% MoM), not inventory.
Demographics

Who lives here

ZIP 90240 (Downey, CA) is majority owner-occupied, has a median income above the national average, 29.3% of residents hold a bachelor's degree or higher.

Population
24,853
Median income
$101,904
Median age
38.9
Renters
35.1%
Age distribution
21.8%
22.3%
30.4%
12.2%
13.3%
Under 1821.8%
18–3422.3%
35–5430.4%
55–6412.2%
65+13.3%
Gender
48%
52%
Male48%
Female52%
Race & ethnicity
20.4%
71.9%
White20.4%
Black3.8%
Hispanic71.9%
Asian9.7%
Education (25+)
15.1%
23.5%
32%
29.3%
No HS diploma15.1%
HS diploma23.5%
Some college32%
Bachelor's+29.3%
Housing tenure
64.9%
35.1%
Owner64.9%
Renter35.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 90240 in Downey, CA has changed in 5 years

Income
$91,518 → $101,904
up 11.3%
Population
26,590 → 24,853
down 6.5%
Renter share
36.2% → 35.1%
-1.1 pts
Bachelor's+
27.8% → 29.3%
+1.5 pts
Median age
37.7 → 38.9
+1.2 yrs

Local incomes tracked alongside that move, going from a median of $91,518 in 2021 to $101,904 more recently. The population has contracted by 6.5% since 2021, moving from about 26,590 residents to roughly 24,853.

Community

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Local insights

Tips for renters in ZIP 90240

About renting in ZIP 90240

Last updated: July 20, 2026

ZIP code 90240 covers Downey, CA. The median rent here is $2,899/mo as of July 2026. A 1-bedroom rents for a median of $2,160/mo. A 2-bedroom rents for a median of $2,700/mo.

At 34% of local median household income ($101,904/yr), ZIP 90240 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 11.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 90240?

As of July 20, 2026, the median monthly rent in ZIP 90240 (Downey, CA) is $2,899. This is based on aggregated data from public sources and community submissions.

How does ZIP 90240 rent compare to the US average?

ZIP 90240's median rent of $2,899/mo is $934 (48%) above the US national median of $1,965/mo.

How does ZIP 90240 compare to other ZIPs in California?

ZIP 90240 falls in the middle range for California, ranking #399 out of 907 ZIPs at $2,899/mo.

How much income do you need to rent in ZIP 90240?

To keep rent at or below 30% of gross income, you would need to earn at least $116,000/year (~$56/hour full-time) to afford the median rent of $2,899/mo in ZIP 90240. The local median household income is $101,904/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 90240?

Rent in ZIP 90240 has decreased 11.2% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 90240 an affordable place to rent?

ZIP 90240 is considered moderate for renters. At $2,899/mo, rent takes approximately 34% of the local median household income ($101,904/yr). The standard benchmark is 30%. ZIP 90240 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 90240 residents rent vs. own?

According to Census data, approximately 35.1% of ZIP 90240 households are renters, while 64.9% are owner-occupied. ZIP 90240 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 90240 compare to the rest of Downey?

ZIP 90240 is pricier than Downey as a whole. At $2,899/mo, it's $587 above the Downey citywide median of $2,312/mo.

When was rent data for ZIP 90240 last updated?

Rent data for ZIP 90240 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
34%
MODERATE

At $2,899/mo, rent takes ~34% of ZIP 90240's median household income ($101,904/yr). The standard benchmark is 30%.

ZIP 90240 34%Benchmark 30%
State income tax1–13.3%
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Schools nearby

Public schools near ZIP 90240 (Downey, CA)

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