Monthly Rent Report
Burbank Rent Report — March 2023
Asking rents in ZIP 91501, Los Angeles, from 125 listings.
Median 1BR rent in Burbank was $2,325 in March 2023, up 4.6% (+$103) from February 2023 and up 37.2% year-over-year. The middle half of 1BR listings asked between $2,213 and $2,350. That puts Burbank $228 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 125 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,895 | −$705 (-27.1%) | — | $1,895 – $1,895 | 1 |
| 1BR | $2,325 | +$103 (+4.6%) | +$630 (+37.2%) | $2,213 – $2,350 | 8 |
| 1BR | $2,200 | −$22 (-1.0%) | +$505 (+29.8%) | $1,990 – $2,350 | 16 |
| 2BR | $2,523 | −$427 (-14.5%) | −$322 (-11.3%) | $2,409 – $2,636 | 2 |
| 2BR | $2,750 | −$200 (-6.8%) | −$95 (-3.3%) | $2,395 – $2,995 | 65 |
| 3BR | $3,500 | −$500 (-12.5%) | −$1,150 (-24.7%) | $3,500 – $3,500 | 1 |
| 3BR | $3,700 | −$300 (-7.5%) | −$950 (-20.4%) | $3,500 – $5,495 | 9 |
| 4BR | $9,750 | +$2,405 (+32.7%) | — | $7,490 – $12,500 | 14 |
| 4BR | $12,500 | +$5,155 (+70.2%) | — | $7,490 – $12,500 | 9 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — March 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,895 | $1,745 | +$150 (+8.6%) |
| 1BR | $2,325 | $2,097 | +$228 (+10.9%) |
| 1BR | $2,200 | $2,097 | +$103 (+4.9%) |
| 2BR | $2,523 | $2,750 | −$227 (-8.3%) |
| 2BR | $2,750 | $2,750 | $0 (0.0%) |
| 3BR | $3,500 | $3,923 | −$422 (-10.8%) |
| 3BR | $3,700 | $3,923 | −$222 (-5.7%) |
| 4BR | $9,750 | $4,760 | +$4,990 (+104.8%) |
| 4BR | $12,500 | $4,760 | +$7,740 (+162.6%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.