Monthly Rent Report
Burbank Rent Report — March 2024
Asking rents in ZIP 91501, Los Angeles, from 141 listings.
Median 1BR rent in Burbank was $2,223 in March 2024, down 2.3% (−$52) from February 2024 and up 1.0% year-over-year. The middle half of 1BR listings asked between $1,950 and $2,300. That puts Burbank $78 above the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 141 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | −$185 (-10.1%) | −$245 (-12.9%) | $1,650 – $1,650 | 2 |
| Studio | $1,835 | $0 (0.0%) | −$60 (-3.2%) | $1,750 – $1,925 | 12 |
| 1BR | $2,223 | −$52 (-2.3%) | +$23 (+1.0%) | $1,950 – $2,300 | 32 |
| 1BR | $1,850 | −$425 (-18.7%) | −$350 (-15.9%) | $1,850 – $1,850 | 1 |
| 2BR | $2,900 | +$300 (+11.5%) | +$150 (+5.5%) | $2,875 – $2,925 | 2 |
| 2BR | $2,850 | +$250 (+9.6%) | +$100 (+3.6%) | $2,750 – $3,350 | 69 |
| 3BR | $2,895 | −$1,605 (-35.7%) | −$805 (-21.8%) | $2,895 – $2,895 | 1 |
| 3BR | $4,000 | −$500 (-11.1%) | +$300 (+8.1%) | $3,625 – $4,650 | 15 |
| 4BR | $5,800 | −$2,000 (-25.6%) | −$6,700 (-53.6%) | $5,800 – $7,450 | 3 |
| 4BR | $7,450 | −$350 (-4.5%) | −$5,050 (-40.4%) | $5,800 – $9,100 | 4 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — March 2024
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,723 | −$72 (-4.2%) |
| Studio | $1,835 | $1,723 | +$113 (+6.5%) |
| 1BR | $2,223 | $2,145 | +$78 (+3.6%) |
| 1BR | $1,850 | $2,145 | −$295 (-13.8%) |
| 2BR | $2,900 | $2,850 | +$50 (+1.8%) |
| 2BR | $2,850 | $2,850 | $0 (0.0%) |
| 3BR | $2,895 | $3,762 | −$867 (-23.0%) |
| 3BR | $4,000 | $3,762 | +$238 (+6.3%) |
| 4BR | $5,800 | $4,950 | +$850 (+17.2%) |
| 4BR | $7,450 | $4,950 | +$2,500 (+50.5%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.