Monthly Rent Report
Burbank Rent Report — July 2023
Asking rents in ZIP 91501, Los Angeles, from 41 listings.
Median 1BR rent in Burbank was $2,225 in July 2023, up 6.0% (+$125) from June 2023 and up 20.3% year-over-year. The middle half of 1BR listings asked between $2,125 and $2,348. That puts Burbank $100 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 41 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,750 | −$50 (-2.8%) | −$200 (-10.3%) | $1,600 – $1,750 | 3 |
| Studio | $1,750 | −$50 (-2.8%) | −$200 (-10.3%) | $1,750 – $1,750 | 2 |
| 1BR | $2,225 | +$125 (+6.0%) | +$375 (+20.3%) | $2,125 – $2,348 | 11 |
| 1BR | $1,750 | −$350 (-16.7%) | −$100 (-5.4%) | $1,750 – $1,750 | 1 |
| 2BR | $2,825 | −$97 (-3.3%) | −$125 (-4.2%) | $2,656 – $3,241 | 14 |
| 2BR | $2,990 | +$68 (+2.3%) | +$40 (+1.4%) | $2,990 – $2,990 | 2 |
| 3BR | $3,995 | −$605 (-13.2%) | −$755 (-15.9%) | $3,995 – $3,995 | 1 |
| 3BR | $4,000 | −$600 (-13.0%) | −$750 (-15.8%) | $4,000 – $4,000 | 1 |
| 4BR | $4,250 | −$950 (-18.3%) | −$1,745 (-29.1%) | $4,250 – $4,250 | 1 |
| 4BR | $7,350 | +$2,150 (+41.3%) | +$1,355 (+22.6%) | $6,275 – $8,425 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — July 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,750 | $1,800 | −$50 (-2.8%) |
| Studio | $1,750 | $1,800 | −$50 (-2.8%) |
| 1BR | $2,225 | $2,125 | +$100 (+4.7%) |
| 1BR | $1,750 | $2,125 | −$375 (-17.6%) |
| 2BR | $2,825 | $2,873 | −$48 (-1.7%) |
| 2BR | $2,990 | $2,873 | +$117 (+4.1%) |
| 3BR | $3,995 | $3,836 | +$159 (+4.2%) |
| 3BR | $4,000 | $3,836 | +$164 (+4.3%) |
| 4BR | $4,250 | $4,572 | −$322 (-7.0%) |
| 4BR | $7,350 | $4,572 | +$2,778 (+60.8%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.