Monthly Rent Report
Burbank Rent Report — March 2024
Asking rents in ZIP 91502, Los Angeles, from 178 listings.
Median 1BR rent in Burbank was $1,825 in March 2024, down 12.9% (−$270) from February 2024 and down 8.5% year-over-year. The middle half of 1BR listings asked between $1,825 and $1,825. That puts Burbank $320 below the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 178 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | −$145 (-8.1%) | −$75 (-4.3%) | $1,575 – $1,895 | 17 |
| Studio | $1,625 | −$170 (-9.5%) | −$100 (-5.8%) | $1,575 – $1,895 | 13 |
| 1BR | $1,825 | −$270 (-12.9%) | −$170 (-8.5%) | $1,825 – $1,825 | 1 |
| 1BR | $2,195 | +$100 (+4.8%) | +$200 (+10.0%) | $2,050 – $2,338 | 68 |
| 2BR | $2,695 | −$555 (-17.1%) | −$155 (-5.4%) | $2,695 – $2,695 | 1 |
| 2BR | $2,825 | −$425 (-13.1%) | −$25 (-0.9%) | $2,625 – $3,334 | 60 |
| 3BR | $3,940 | −$2,360 (-37.5%) | +$265 (+7.2%) | $3,495 – $5,735 | 12 |
| 3BR | $3,495 | −$2,805 (-44.5%) | −$180 (-4.9%) | $3,386 – $3,818 | 6 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — March 2024
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,723 | −$72 (-4.2%) |
| Studio | $1,625 | $1,723 | −$97 (-5.7%) |
| 1BR | $1,825 | $2,145 | −$320 (-14.9%) |
| 1BR | $2,195 | $2,145 | +$50 (+2.3%) |
| 2BR | $2,695 | $2,850 | −$155 (-5.4%) |
| 2BR | $2,825 | $2,850 | −$25 (-0.9%) |
| 3BR | $3,940 | $3,762 | +$178 (+4.7%) |
| 3BR | $3,495 | $3,762 | −$267 (-7.1%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.