Monthly Rent Report
Burbank Rent Report — May 2023
Asking rents in ZIP 91501, Los Angeles, from 84 listings.
Median 1BR rent in Burbank was $2,350 in May 2023, up 17.6% (+$353) from April 2023 and up 9.3% year-over-year. The middle half of 1BR listings asked between $2,348 and $2,373. That puts Burbank $228 above the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 84 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,750 | −$145 (-7.7%) | +$175 (+11.1%) | $1,750 – $1,750 | 5 |
| Studio | $1,750 | −$145 (-7.7%) | +$175 (+11.1%) | $1,750 – $1,750 | 5 |
| 1BR | $2,350 | +$353 (+17.6%) | +$200 (+9.3%) | $2,348 – $2,373 | 3 |
| 1BR | $2,100 | +$103 (+5.1%) | −$50 (-2.3%) | $1,975 – $2,300 | 16 |
| 2BR | $2,875 | −$425 (-12.9%) | −$20 (-0.7%) | $2,875 – $2,875 | 1 |
| 2BR | $2,895 | −$405 (-12.3%) | $0 (0.0%) | $2,498 – $3,250 | 35 |
| 3BR | $4,525 | −$3,475 (-43.4%) | +$325 (+7.7%) | $3,639 – $5,049 | 8 |
| 3BR | $3,395 | −$4,605 (-57.6%) | −$805 (-19.2%) | $3,395 – $3,395 | 1 |
| 4BR | $6,900 | +$1,100 (+19.0%) | −$2,100 (-23.3%) | $6,350 – $7,449 | 2 |
| 4BR | $9,250 | +$3,450 (+59.5%) | +$250 (+2.8%) | $7,068 – $10,500 | 8 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — May 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,750 | $1,750 | $0 (0.0%) |
| Studio | $1,750 | $1,750 | $0 (0.0%) |
| 1BR | $2,350 | $2,122 | +$228 (+10.7%) |
| 1BR | $2,100 | $2,122 | −$22 (-1.0%) |
| 2BR | $2,875 | $2,780 | +$95 (+3.4%) |
| 2BR | $2,895 | $2,780 | +$115 (+4.1%) |
| 3BR | $4,525 | $3,943 | +$583 (+14.8%) |
| 3BR | $3,395 | $3,943 | −$547 (-13.9%) |
| 4BR | $6,900 | $5,000 | +$1,900 (+38.0%) |
| 4BR | $9,250 | $5,000 | +$4,250 (+85.0%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.