Monthly Rent Report
Burbank Rent Report — May 2024
Asking rents in ZIP 91502, Los Angeles, from 185 listings.
Median 1BR rent in Burbank was $1,860 in May 2024, up 9.7% (+$165) from April 2024 and down 12.5% year-over-year. The middle half of 1BR listings asked between $1,860 and $1,860. That puts Burbank $235 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 185 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,725 | $0 (0.0%) | +$30 (+1.8%) | $1,688 – $1,725 | 3 |
| Studio | $1,625 | −$100 (-5.8%) | −$70 (-4.1%) | $1,605 – $1,725 | 13 |
| 1BR | $1,860 | +$165 (+9.7%) | −$265 (-12.5%) | $1,860 – $1,860 | 1 |
| 1BR | $2,195 | +$500 (+29.5%) | +$70 (+3.3%) | $2,000 – $2,650 | 73 |
| 2BR | $3,287 | +$687 (+26.4%) | +$537 (+19.5%) | $2,750 – $3,895 | 62 |
| 2BR | $2,795 | +$195 (+7.5%) | +$45 (+1.6%) | $2,795 – $2,795 | 1 |
| 3BR | $5,250 | +$1,380 (+35.7%) | +$1,058 (+25.2%) | $5,250 – $5,250 | 1 |
| 3BR | $5,495 | +$1,625 (+42.0%) | +$1,303 (+31.1%) | $4,778 – $6,200 | 31 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — May 2024
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,725 | $1,795 | −$70 (-3.9%) |
| Studio | $1,625 | $1,795 | −$170 (-9.5%) |
| 1BR | $1,860 | $2,095 | −$235 (-11.2%) |
| 1BR | $2,195 | $2,095 | +$100 (+4.8%) |
| 2BR | $3,287 | $2,850 | +$437 (+15.3%) |
| 2BR | $2,795 | $2,850 | −$55 (-1.9%) |
| 3BR | $5,250 | $3,969 | +$1,282 (+32.3%) |
| 3BR | $5,495 | $3,969 | +$1,527 (+38.5%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.