Monthly Rent Report
Burbank Rent Report — May 2023
Asking rents in ZIP 91502, Los Angeles, from 81 listings.
Median 1BR rent in Burbank was $2,125 in May 2023, up 77.1% (+$925) from April 2023 and up 14.9% year-over-year. The middle half of 1BR listings asked between $1,950 and $2,150. That puts Burbank in line with the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 81 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,695 | +$70 (+4.3%) | — | $1,561 – $2,024 | 6 |
| Studio | $1,475 | −$150 (-9.2%) | — | $1,475 – $1,475 | 1 |
| 1BR | $2,125 | +$925 (+77.1%) | +$275 (+14.9%) | $1,950 – $2,150 | 33 |
| 1BR | $1,850 | +$650 (+54.2%) | $0 (0.0%) | $1,850 – $1,850 | 1 |
| 2BR | $2,650 | −$300 (-10.2%) | +$550 (+26.2%) | $2,550 – $3,475 | 34 |
| 2BR | $2,750 | −$200 (-6.8%) | +$650 (+31.0%) | $2,750 – $2,750 | 1 |
| 3BR | $3,850 | −$440 (-10.3%) | +$155 (+4.2%) | $3,850 – $3,850 | 1 |
| 3BR | $4,193 | −$97 (-2.3%) | +$498 (+13.5%) | $4,038 – $4,293 | 4 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — May 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,695 | $1,750 | −$55 (-3.1%) |
| Studio | $1,475 | $1,750 | −$275 (-15.7%) |
| 1BR | $2,125 | $2,122 | +$3 (+0.1%) |
| 1BR | $1,850 | $2,122 | −$272 (-12.8%) |
| 2BR | $2,650 | $2,780 | −$130 (-4.7%) |
| 2BR | $2,750 | $2,780 | −$30 (-1.1%) |
| 3BR | $3,850 | $3,943 | −$92 (-2.3%) |
| 3BR | $4,193 | $3,943 | +$250 (+6.3%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.