Monthly Rent Report
Burbank Rent Report — August 2024
Asking rents in ZIP 91502, Los Angeles, from 24 listings.
Median 1BR rent in Burbank was $2,050 in August 2024, down 6.8% (−$150) from July 2024 and down 2.1% year-over-year. The middle half of 1BR listings asked between $2,050 and $2,050. That puts Burbank $45 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 24 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,000 | +$1,253 (+71.7%) | +$1,505 (+100.7%) | $3,000 – $3,000 | 1 |
| 1BR | $2,050 | −$150 (-6.8%) | −$45 (-2.1%) | $2,050 – $2,050 | 1 |
| 2BR | $3,680 | +$730 (+24.7%) | +$455 (+14.1%) | $3,188 – $3,685 | 3 |
| 2BR | $2,695 | −$255 (-8.6%) | −$530 (-16.4%) | $2,495 – $3,395 | 17 |
| 3BR | $4,395 | +$1,265 (+40.4%) | −$3,330 (-43.1%) | $4,395 – $4,395 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — August 2024
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,000 | $1,750 | +$1,250 (+71.4%) |
| 1BR | $2,050 | $2,095 | −$45 (-2.1%) |
| 2BR | $3,680 | $2,795 | +$885 (+31.7%) |
| 2BR | $2,695 | $2,795 | −$100 (-3.6%) |
| 3BR | $4,395 | $4,000 | +$395 (+9.9%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.