Monthly Rent Report
Burbank Rent Report — August 2023
Asking rents in ZIP 91502, Los Angeles, from 44 listings.
Median 1BR rent in Burbank was $2,095 in August 2023, down 7.4% (−$167) from July 2023 and down 0.2% year-over-year. The middle half of 1BR listings asked between $2,095 and $2,095. That puts Burbank in line with the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 44 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,825 | +$325 (+21.7%) | +$30 (+1.7%) | $1,621 – $1,950 | 6 |
| Studio | $1,495 | −$5 (-0.3%) | −$300 (-16.7%) | $1,495 – $1,495 | 1 |
| 1BR | $2,095 | −$167 (-7.4%) | −$5 (-0.2%) | $2,095 – $2,095 | 1 |
| 1BR | $2,085 | −$177 (-7.8%) | −$15 (-0.7%) | $1,983 – $2,223 | 15 |
| 2BR | $2,200 | −$250 (-10.2%) | −$1,300 (-37.1%) | $2,200 – $2,200 | 1 |
| 2BR | $3,225 | +$775 (+31.6%) | −$275 (-7.9%) | $2,834 – $3,550 | 10 |
| 3BR | $7,725 | +$50 (+0.7%) | +$3,285 (+74.0%) | $6,760 – $7,788 | 4 |
| 3BR | $3,695 | −$3,980 (-51.9%) | −$745 (-16.8%) | $3,695 – $3,695 | 1 |
| 4BR | $6,500 | — | — | $6,500 – $6,500 | 3 |
| 4BR | $6,500 | — | — | $6,500 – $6,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — August 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,825 | $1,775 | +$50 (+2.8%) |
| Studio | $1,495 | $1,775 | −$280 (-15.8%) |
| 1BR | $2,095 | $2,100 | −$5 (-0.2%) |
| 1BR | $2,085 | $2,100 | −$15 (-0.7%) |
| 2BR | $2,200 | $2,895 | −$695 (-24.0%) |
| 2BR | $3,225 | $2,895 | +$330 (+11.4%) |
| 3BR | $7,725 | $3,897 | +$3,828 (+98.2%) |
| 3BR | $3,695 | $3,897 | −$202 (-5.2%) |
| 4BR | $6,500 | $5,163 | +$1,338 (+25.9%) |
| 4BR | $6,500 | $5,163 | +$1,338 (+25.9%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.