Monthly Rent Report
Burbank Rent Report — June 2023
Asking rents in ZIP 91501, Los Angeles, from 46 listings.
Median 1BR rent in Burbank was $2,100 in June 2023, down 10.6% (−$250) from May 2023 and up 20.0% year-over-year. The middle half of 1BR listings asked between $1,950 and $2,225. That puts Burbank in line with the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 46 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,800 | +$50 (+2.9%) | — | $1,800 – $1,800 | 1 |
| Studio | $1,750 | $0 (0.0%) | — | $1,750 – $1,750 | 5 |
| 1BR | $2,100 | −$250 (-10.6%) | +$350 (+20.0%) | $1,950 – $2,225 | 10 |
| 1BR | $2,400 | +$50 (+2.1%) | +$650 (+37.1%) | $2,400 – $2,400 | 1 |
| 2BR | $2,750 | −$145 (-5.0%) | −$100 (-3.5%) | $2,750 – $2,750 | 1 |
| 2BR | $2,923 | +$28 (+0.9%) | +$73 (+2.5%) | $2,674 – $3,050 | 16 |
| 3BR | $3,500 | −$1,025 (-22.7%) | +$505 (+16.9%) | $3,500 – $3,500 | 1 |
| 3BR | $4,600 | +$75 (+1.7%) | +$1,605 (+53.6%) | $3,650 – $4,990 | 5 |
| 4BR | $5,200 | −$4,049 (-43.8%) | — | $5,200 – $5,200 | 2 |
| 4BR | $5,200 | −$4,049 (-43.8%) | — | $5,200 – $5,200 | 2 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — June 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,800 | $1,758 | +$42 (+2.4%) |
| Studio | $1,750 | $1,758 | −$8 (-0.5%) |
| 1BR | $2,100 | $2,100 | $0 (0.0%) |
| 1BR | $2,400 | $2,100 | +$300 (+14.3%) |
| 2BR | $2,750 | $2,900 | −$150 (-5.2%) |
| 2BR | $2,923 | $2,900 | +$23 (+0.8%) |
| 3BR | $3,500 | $3,850 | −$350 (-9.1%) |
| 3BR | $4,600 | $3,850 | +$750 (+19.5%) |
| 4BR | $5,200 | $5,100 | +$100 (+2.0%) |
| 4BR | $5,200 | $5,100 | +$100 (+2.0%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in June 2023.