Monthly Rent Report
Burbank Rent Report — October 2023
Asking rents in ZIP 91502, Los Angeles, from 41 listings.
Median 1BR rent in Burbank was $1,895 in October 2023, down 6.2% (−$125) from September 2023 and up 5.6% year-over-year. The middle half of 1BR listings asked between $1,895 and $2,113. That puts Burbank $103 below the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 41 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,750 | +$178 (+11.3%) | −$45 (-2.5%) | $1,673 – $1,850 | 3 |
| Studio | $1,625 | +$53 (+3.3%) | −$170 (-9.5%) | $1,625 – $1,625 | 1 |
| 1BR | $1,895 | −$125 (-6.2%) | +$100 (+5.6%) | $1,895 – $2,113 | 22 |
| 1BR | $1,850 | −$170 (-8.4%) | +$55 (+3.1%) | $1,850 – $1,850 | 1 |
| 2BR | $2,475 | +$180 (+7.8%) | +$180 (+7.8%) | $2,475 – $2,475 | 2 |
| 2BR | $2,450 | +$155 (+6.8%) | +$155 (+6.8%) | $2,450 – $2,450 | 1 |
| 3BR | $3,400 | −$4,100 (-54.7%) | −$995 (-22.6%) | $2,795 – $3,500 | 10 |
| 3BR | $2,550 | −$4,950 (-66.0%) | −$1,845 (-42.0%) | $2,550 – $2,550 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — October 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,750 | $1,700 | +$50 (+2.9%) |
| Studio | $1,625 | $1,700 | −$75 (-4.4%) |
| 1BR | $1,895 | $1,998 | −$102 (-5.1%) |
| 1BR | $1,850 | $1,998 | −$147 (-7.4%) |
| 2BR | $2,475 | $2,750 | −$275 (-10.0%) |
| 2BR | $2,450 | $2,750 | −$300 (-10.9%) |
| 3BR | $3,400 | $4,195 | −$795 (-19.0%) |
| 3BR | $2,550 | $4,195 | −$1,645 (-39.2%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.