Monthly Rent Report
Burbank Rent Report — August 2024
Asking rents in ZIP 91501, Los Angeles, from 25 listings.
Median 1BR rent in Burbank was $1,875 in August 2024, down 3.2% (−$62) from July 2024 and down 14.6% year-over-year. The middle half of 1BR listings asked between $1,875 and $1,875. That puts Burbank $220 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 25 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,675 | +$30 (+1.8%) | −$115 (-6.4%) | $1,625 – $1,773 | 11 |
| 1BR | $1,875 | −$62 (-3.2%) | −$320 (-14.6%) | $1,875 – $1,875 | 1 |
| 2BR | $2,800 | +$75 (+2.8%) | +$290 (+11.6%) | $2,800 – $2,800 | 3 |
| 2BR | $2,795 | +$70 (+2.6%) | +$285 (+11.4%) | $2,795 – $2,873 | 3 |
| 3BR | $7,500 | +$4,305 (+134.7%) | +$2,500 (+50.0%) | $7,500 – $7,500 | 1 |
| 4BR | $5,550 | −$2,450 (-30.6%) | −$3,550 (-39.0%) | $5,550 – $5,550 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — August 2024
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,675 | $1,750 | −$75 (-4.3%) |
| 1BR | $1,875 | $2,095 | −$220 (-10.5%) |
| 2BR | $2,800 | $2,795 | +$5 (+0.2%) |
| 2BR | $2,795 | $2,795 | $0 (0.0%) |
| 3BR | $7,500 | $4,000 | +$3,500 (+87.5%) |
| 4BR | $5,550 | $4,895 | +$655 (+13.4%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.