Monthly Rent Report
Burbank Rent Report — August 2023
Asking rents in ZIP 91501, Los Angeles, from 30 listings.
Median 1BR rent in Burbank was $2,225 in August 2023, flat versus July 2023 and up 20.3% year-over-year. The middle half of 1BR listings asked between $1,913 and $2,348. That puts Burbank $125 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 30 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,790 | +$40 (+2.3%) | −$160 (-8.2%) | $1,790 – $1,790 | 1 |
| Studio | $1,790 | +$40 (+2.3%) | −$160 (-8.2%) | $1,790 – $1,790 | 1 |
| 1BR | $2,225 | $0 (0.0%) | +$375 (+20.3%) | $1,913 – $2,348 | 7 |
| 1BR | $2,195 | −$30 (-1.3%) | +$345 (+18.6%) | $2,195 – $2,195 | 1 |
| 2BR | $2,510 | −$315 (-11.2%) | −$290 (-10.4%) | $2,503 – $2,518 | 2 |
| 2BR | $2,450 | −$375 (-13.3%) | −$350 (-12.5%) | $2,323 – $2,975 | 3 |
| 3BR | $5,000 | +$1,000 (+25.0%) | +$1,405 (+39.1%) | $5,000 – $5,000 | 1 |
| 3BR | $3,565 | −$435 (-10.9%) | −$30 (-0.8%) | $3,523 – $3,608 | 2 |
| 4BR | $9,100 | +$1,750 (+23.8%) | +$3,105 (+51.8%) | $9,100 – $9,100 | 9 |
| 4BR | $9,100 | +$1,750 (+23.8%) | +$3,105 (+51.8%) | $9,100 – $9,100 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — August 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,790 | $1,775 | +$15 (+0.8%) |
| Studio | $1,790 | $1,775 | +$15 (+0.8%) |
| 1BR | $2,225 | $2,100 | +$125 (+6.0%) |
| 1BR | $2,195 | $2,100 | +$95 (+4.5%) |
| 2BR | $2,510 | $2,895 | −$385 (-13.3%) |
| 2BR | $2,450 | $2,895 | −$445 (-15.4%) |
| 3BR | $5,000 | $3,897 | +$1,103 (+28.3%) |
| 3BR | $3,565 | $3,897 | −$332 (-8.5%) |
| 4BR | $9,100 | $5,163 | +$3,938 (+76.3%) |
| 4BR | $9,100 | $5,163 | +$3,938 (+76.3%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.