Monthly Rent Report
Burbank Rent Report — May 2024
Asking rents in ZIP 91501, Los Angeles, from 120 listings.
Median 1BR rent in Burbank was $2,100 in May 2024, down 2.3% (−$50) from April 2024 and unchanged year-over-year. The middle half of 1BR listings asked between $1,995 and $2,400. That puts Burbank in line with the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 120 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | −$145 (-8.1%) | −$100 (-5.7%) | $1,650 – $1,650 | 1 |
| Studio | $1,795 | $0 (0.0%) | +$45 (+2.6%) | $1,750 – $1,860 | 11 |
| 1BR | $2,100 | −$50 (-2.3%) | $0 (0.0%) | $1,995 – $2,400 | 54 |
| 1BR | $2,895 | +$745 (+34.7%) | +$795 (+37.9%) | $2,895 – $2,895 | 1 |
| 2BR | $2,175 | −$775 (-26.3%) | −$720 (-24.9%) | $2,175 – $2,175 | 3 |
| 2BR | $3,773 | +$823 (+27.9%) | +$878 (+30.3%) | $3,184 – $4,361 | 2 |
| 3BR | $4,800 | +$750 (+18.5%) | +$1,405 (+41.4%) | $4,800 – $4,800 | 1 |
| 3BR | $3,695 | −$355 (-8.8%) | +$300 (+8.8%) | $3,500 – $4,800 | 26 |
| 4BR | $5,800 | −$3,300 (-36.3%) | −$3,449 (-37.3%) | $5,800 – $9,100 | 5 |
| 4BR | $5,800 | −$3,300 (-36.3%) | −$3,449 (-37.3%) | $5,395 – $9,100 | 11 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — May 2024
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,795 | −$145 (-8.1%) |
| Studio | $1,795 | $1,795 | $0 (0.0%) |
| 1BR | $2,100 | $2,095 | +$5 (+0.2%) |
| 1BR | $2,895 | $2,095 | +$800 (+38.2%) |
| 2BR | $2,175 | $2,850 | −$675 (-23.7%) |
| 2BR | $3,773 | $2,850 | +$923 (+32.4%) |
| 3BR | $4,800 | $3,969 | +$832 (+21.0%) |
| 3BR | $3,695 | $3,969 | −$273 (-6.9%) |
| 4BR | $5,800 | $5,175 | +$625 (+12.1%) |
| 4BR | $5,800 | $5,175 | +$625 (+12.1%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.