Monthly Rent Report
Burbank Rent Report — December 2023
Asking rents in ZIP 91501, Los Angeles, from 31 listings.
Median 1BR rent in Burbank was $1,850 in December 2023, down 25.9% (−$645) from November 2023 and unchanged year-over-year. The middle half of 1BR listings asked between $1,850 and $1,850. That puts Burbank $279 below the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 31 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,950 | −$45 (-2.3%) | +$55 (+2.9%) | $1,950 – $1,950 | 2 |
| Studio | $1,950 | −$45 (-2.3%) | +$55 (+2.9%) | $1,950 – $1,950 | 3 |
| 1BR | $1,850 | −$645 (-25.9%) | $0 (0.0%) | $1,850 – $1,850 | 1 |
| 1BR | $1,913 | −$582 (-23.3%) | +$63 (+3.4%) | $1,881 – $1,944 | 2 |
| 2BR | $2,795 | −$27 (-1.0%) | +$700 (+33.4%) | $2,750 – $2,795 | 5 |
| 2BR | $2,950 | +$128 (+4.5%) | +$855 (+40.8%) | $2,663 – $2,950 | 3 |
| 3BR | $3,595 | −$455 (-11.2%) | −$3,205 (-47.1%) | $3,595 – $3,595 | 2 |
| 3BR | $3,445 | −$605 (-14.9%) | −$3,355 (-49.3%) | $3,370 – $3,520 | 2 |
| 4BR | $6,848 | +$2,453 (+55.8%) | −$352 (-4.9%) | $5,621 – $8,074 | 2 |
| 4BR | $4,395 | $0 (0.0%) | −$2,805 (-39.0%) | $4,395 – $6,848 | 3 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — December 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,950 | $1,750 | +$200 (+11.4%) |
| Studio | $1,950 | $1,750 | +$200 (+11.4%) |
| 1BR | $1,850 | $2,129 | −$279 (-13.1%) |
| 1BR | $1,913 | $2,129 | −$216 (-10.2%) |
| 2BR | $2,795 | $2,795 | $0 (0.0%) |
| 2BR | $2,950 | $2,795 | +$155 (+5.5%) |
| 3BR | $3,595 | $3,923 | −$327 (-8.3%) |
| 3BR | $3,445 | $3,923 | −$477 (-12.2%) |
| 4BR | $6,848 | $4,750 | +$2,098 (+44.2%) |
| 4BR | $4,395 | $4,750 | −$355 (-7.5%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.