Monthly Rent Report
Burbank Rent Report — December 2023
Asking rents in ZIP 91502, Los Angeles, from 81 listings.
Median 1BR rent in Burbank was $1,900 in December 2023, down 25.8% (−$660) from November 2023 and up 5.8% year-over-year. The middle half of 1BR listings asked between $1,850 and $1,900. That puts Burbank $229 below the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 81 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,605 | −$70 (-4.2%) | −$190 (-10.6%) | $1,575 – $1,900 | 5 |
| Studio | $1,675 | $0 (0.0%) | −$120 (-6.7%) | $1,590 – $1,888 | 11 |
| 1BR | $1,900 | −$660 (-25.8%) | +$105 (+5.8%) | $1,850 – $1,900 | 7 |
| 1BR | $1,900 | −$660 (-25.8%) | +$105 (+5.8%) | $1,850 – $1,900 | 5 |
| 2BR | $2,550 | −$200 (-7.3%) | −$740 (-22.5%) | $2,550 – $2,550 | 1 |
| 2BR | $2,773 | +$23 (+0.8%) | −$517 (-15.7%) | $2,550 – $3,696 | 6 |
| 3BR | $6,400 | +$2,180 (+51.7%) | +$1,200 (+23.1%) | $4,550 – $6,500 | 10 |
| 3BR | $5,792 | +$1,572 (+37.3%) | +$592 (+11.4%) | $4,425 – $6,500 | 36 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — December 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,605 | $1,750 | −$145 (-8.3%) |
| Studio | $1,675 | $1,750 | −$75 (-4.3%) |
| 1BR | $1,900 | $2,129 | −$229 (-10.8%) |
| 1BR | $1,900 | $2,129 | −$229 (-10.8%) |
| 2BR | $2,550 | $2,795 | −$245 (-8.8%) |
| 2BR | $2,773 | $2,795 | −$22 (-0.8%) |
| 3BR | $6,400 | $3,923 | +$2,478 (+63.2%) |
| 3BR | $5,792 | $3,923 | +$1,870 (+47.7%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.