Monthly Rent Report
Burbank Rent Report — January 2024
Asking rents in ZIP 91502, Los Angeles, from 62 listings.
Median 1BR rent in Burbank was $1,950 in January 2024, up 2.6% (+$50) from December 2023 and down 26.8% year-over-year. The middle half of 1BR listings asked between $1,875 and $2,123. That puts Burbank $147 below the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 62 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,605 | $0 (0.0%) | −$20 (-1.2%) | $1,505 – $1,628 | 3 |
| Studio | $1,795 | +$190 (+11.8%) | +$170 (+10.5%) | $1,795 – $1,795 | 1 |
| 1BR | $1,950 | +$50 (+2.6%) | −$712 (-26.8%) | $1,875 – $2,123 | 23 |
| 1BR | $1,795 | −$105 (-5.5%) | −$867 (-32.6%) | $1,795 – $1,795 | 1 |
| 2BR | $2,770 | −$2 (-0.1%) | −$780 (-22.0%) | $2,750 – $2,849 | 22 |
| 2BR | $4,287 | +$1,515 (+54.6%) | +$737 (+20.8%) | $4,287 – $4,287 | 1 |
| 3BR | $4,900 | −$1,500 (-23.4%) | +$1,113 (+29.4%) | $3,400 – $6,475 | 6 |
| 3BR | $6,400 | $0 (0.0%) | +$2,613 (+69.0%) | $3,400 – $6,500 | 5 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — January 2024
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,605 | $1,750 | −$145 (-8.3%) |
| Studio | $1,795 | $1,750 | +$45 (+2.6%) |
| 1BR | $1,950 | $2,097 | −$146 (-7.0%) |
| 1BR | $1,795 | $2,097 | −$301 (-14.4%) |
| 2BR | $2,770 | $2,795 | −$25 (-0.9%) |
| 2BR | $4,287 | $2,795 | +$1,492 (+53.4%) |
| 3BR | $4,900 | $3,950 | +$950 (+24.1%) |
| 3BR | $6,400 | $3,950 | +$2,450 (+62.0%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in January 2024.