Monthly Rent Report
Burbank Rent Report — July 2023
Asking rents in ZIP 91502, Los Angeles, from 42 listings.
Median 1BR rent in Burbank was $2,263 in July 2023, up 6.5% (+$138) from June 2023 and down 35.2% year-over-year. The middle half of 1BR listings asked between $2,203 and $2,515. That puts Burbank $138 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 42 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,500 | +$5 (+0.3%) | — | $1,500 – $1,500 | 1 |
| Studio | $1,795 | +$300 (+20.1%) | — | $1,795 – $1,795 | 1 |
| 1BR | $2,263 | +$138 (+6.5%) | −$1,227 (-35.2%) | $2,203 – $2,515 | 6 |
| 1BR | $2,113 | −$12 (-0.6%) | −$1,377 (-39.5%) | $2,094 – $2,131 | 2 |
| 2BR | $2,450 | −$650 (-21.0%) | −$1,050 (-30.0%) | $2,450 – $2,450 | 1 |
| 2BR | $3,060 | −$40 (-1.3%) | −$440 (-12.6%) | $2,625 – $3,555 | 17 |
| 3BR | $7,725 | +$3,435 (+80.1%) | +$3,475 (+81.8%) | $7,625 – $7,750 | 10 |
| 3BR | $7,675 | +$3,385 (+78.9%) | +$3,425 (+80.6%) | $6,725 – $7,788 | 4 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — July 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,500 | $1,800 | −$300 (-16.7%) |
| Studio | $1,795 | $1,800 | −$5 (-0.3%) |
| 1BR | $2,263 | $2,125 | +$138 (+6.5%) |
| 1BR | $2,113 | $2,125 | −$12 (-0.6%) |
| 2BR | $2,450 | $2,873 | −$423 (-14.7%) |
| 2BR | $3,060 | $2,873 | +$187 (+6.5%) |
| 3BR | $7,725 | $3,836 | +$3,889 (+101.4%) |
| 3BR | $7,675 | $3,836 | +$3,839 (+100.1%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.