Monthly Rent Report
Burbank Rent Report — June 2023
Asking rents in ZIP 91502, Los Angeles, from 51 listings.
Median 1BR rent in Burbank was $2,125 in June 2023, up 14.9% (+$275) from May 2023 and down 40.0% year-over-year. The middle half of 1BR listings asked between $2,044 and $2,195. That puts Burbank $25 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 51 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,525 | +$50 (+3.4%) | −$25 (-1.6%) | $1,495 – $1,550 | 12 |
| Studio | $1,495 | +$20 (+1.4%) | −$55 (-3.5%) | $1,495 – $1,495 | 1 |
| 1BR | $2,125 | +$275 (+14.9%) | −$1,415 (-40.0%) | $2,044 – $2,195 | 16 |
| 1BR | $2,095 | +$245 (+13.2%) | −$1,445 (-40.8%) | $2,095 – $2,095 | 1 |
| 2BR | $3,100 | +$450 (+17.0%) | +$913 (+41.7%) | $3,100 – $3,100 | 2 |
| 2BR | $2,725 | +$75 (+2.8%) | +$538 (+24.6%) | $2,550 – $3,420 | 17 |
| 3BR | $4,290 | +$98 (+2.3%) | — | $4,290 – $4,290 | 1 |
| 3BR | $4,290 | +$98 (+2.3%) | — | $4,290 – $4,290 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — June 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,525 | $1,758 | −$233 (-13.3%) |
| Studio | $1,495 | $1,758 | −$263 (-15.0%) |
| 1BR | $2,125 | $2,100 | +$25 (+1.2%) |
| 1BR | $2,095 | $2,100 | −$5 (-0.2%) |
| 2BR | $3,100 | $2,900 | +$200 (+6.9%) |
| 2BR | $2,725 | $2,900 | −$175 (-6.0%) |
| 3BR | $4,290 | $3,850 | +$440 (+11.4%) |
| 3BR | $4,290 | $3,850 | +$440 (+11.4%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in June 2023.