Starting at $2,499 Per Month
- 1 - 3 Beds
10930 Garfield Ave, South Gate, CA 90280
Discover Your Dream Home at the SoLA Apartments!
SoLA
Frequently Asked Questions
How much does it cost to rent a home in Downey, CA?
The median rent for a home in Downey, CA is $2,100 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Downey, CA?
To comfortably afford the median rent in Downey, CA, a household needs to earn roughly $84,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,100 per month in Downey, CA, renters typically need to show $6,300 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Downey, CA?
In Downey, CA, the price-to-rent ratio is 33.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Downey, CA are best for renting a home?
The best neighborhood for renting in Downey, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Los Nietos, South Whittier, West Whittier-Los Nietos, Hollydale and Studebaker, each with its own character and price range.
