Monthly Rent Report
Burbank Rent Report — March 2023
Asking rents in ZIP 91502, Los Angeles, from 122 listings.
Median 1BR rent in Burbank was $1,995 in March 2023, down 5.6% (−$117) from February 2023 and up 11.1% year-over-year. The middle half of 1BR listings asked between $1,910 and $2,150. That puts Burbank $102 below the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 122 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,725 | +$175 (+11.3%) | +$350 (+25.5%) | $1,725 – $1,725 | 5 |
| Studio | $1,625 | +$75 (+4.8%) | +$250 (+18.2%) | $1,625 – $1,625 | 2 |
| 1BR | $1,995 | −$117 (-5.6%) | +$200 (+11.1%) | $1,910 – $2,150 | 46 |
| 1BR | $1,995 | −$117 (-5.6%) | +$200 (+11.1%) | $1,995 – $1,995 | 1 |
| 2BR | $2,850 | +$78 (+2.8%) | −$670 (-19.0%) | $2,595 – $3,406 | 55 |
| 2BR | $4,200 | +$1,428 (+51.5%) | +$680 (+19.3%) | $3,350 – $4,475 | 3 |
| 3BR | $4,060 | −$690 (-14.5%) | +$45 (+1.1%) | $3,950 – $4,750 | 8 |
| 3BR | $3,675 | −$1,075 (-22.6%) | −$340 (-8.5%) | $3,138 – $4,213 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — March 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,725 | $1,745 | −$20 (-1.1%) |
| Studio | $1,625 | $1,745 | −$120 (-6.9%) |
| 1BR | $1,995 | $2,097 | −$102 (-4.9%) |
| 1BR | $1,995 | $2,097 | −$102 (-4.9%) |
| 2BR | $2,850 | $2,750 | +$100 (+3.6%) |
| 2BR | $4,200 | $2,750 | +$1,450 (+52.7%) |
| 3BR | $4,060 | $3,923 | +$138 (+3.5%) |
| 3BR | $3,675 | $3,923 | −$247 (-6.3%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.