Monthly Rent Report
Burbank Rent Report — July 2024
Asking rents in ZIP 91501, Los Angeles, from 67 listings.
Median 1BR rent in Burbank was $1,938 in July 2024, down 9.9% (−$212) from June 2024 and down 12.9% year-over-year. The middle half of 1BR listings asked between $1,919 and $1,956. That puts Burbank $158 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 67 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,645 | +$8 (+0.5%) | −$105 (-6.0%) | $1,625 – $1,650 | 5 |
| Studio | $1,450 | −$187 (-11.5%) | −$300 (-17.1%) | $1,450 – $1,450 | 1 |
| 1BR | $1,938 | −$212 (-9.9%) | −$287 (-12.9%) | $1,919 – $1,956 | 2 |
| 1BR | $2,048 | −$102 (-4.8%) | −$177 (-8.0%) | $1,888 – $2,188 | 12 |
| 2BR | $2,895 | −$315 (-9.8%) | +$70 (+2.5%) | $2,795 – $3,450 | 26 |
| 2BR | $2,725 | −$485 (-15.1%) | −$100 (-3.5%) | $2,600 – $2,850 | 4 |
| 3BR | $3,195 | −$1,055 (-24.8%) | −$800 (-20.0%) | $3,195 – $3,270 | 6 |
| 3BR | $3,795 | −$455 (-10.7%) | −$200 (-5.0%) | $3,795 – $4,150 | 5 |
| 4BR | $8,000 | +$3,010 (+60.3%) | +$650 (+8.8%) | $8,000 – $8,000 | 1 |
| 4BR | $9,100 | +$4,110 (+82.4%) | +$1,750 (+23.8%) | $9,100 – $9,100 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — July 2024
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,645 | $1,778 | −$133 (-7.5%) |
| Studio | $1,450 | $1,778 | −$328 (-18.5%) |
| 1BR | $1,938 | $2,095 | −$157 (-7.5%) |
| 1BR | $2,048 | $2,095 | −$47 (-2.3%) |
| 2BR | $2,895 | $2,835 | +$60 (+2.1%) |
| 2BR | $2,725 | $2,835 | −$110 (-3.9%) |
| 3BR | $3,195 | $3,900 | −$705 (-18.1%) |
| 3BR | $3,795 | $3,900 | −$105 (-2.7%) |
| 4BR | $8,000 | $5,270 | +$2,730 (+51.8%) |
| 4BR | $9,100 | $5,270 | +$3,830 (+72.7%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in July 2024.