Monthly Rent Report
Burbank Rent Report — February 2023
Asking rents in ZIP 91504, Los Angeles, from 101 listings.
Median 1BR rent in Burbank was $1,650 in February 2023, down 20.5% (−$425) from January 2023 and down 17.3% year-over-year. The middle half of 1BR listings asked between $1,650 and $1,650. That puts Burbank $475 below the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 101 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,650 | −$425 (-20.5%) | −$345 (-17.3%) | $1,650 – $1,650 | 1 |
| 1BR | $2,150 | +$75 (+3.6%) | +$155 (+7.8%) | $2,025 – $2,350 | 29 |
| 2BR | $2,295 | −$910 (-28.4%) | +$145 (+6.7%) | $2,295 – $2,295 | 1 |
| 2BR | $3,125 | −$80 (-2.5%) | +$975 (+45.3%) | $2,542 – $3,700 | 38 |
| 3BR | $3,650 | −$1,100 (-23.2%) | +$355 (+10.8%) | $3,295 – $4,648 | 15 |
| 3BR | $4,263 | −$487 (-10.3%) | +$968 (+29.4%) | $3,956 – $4,569 | 2 |
| 4BR | $6,500 | −$1,000 (-13.3%) | +$1,425 (+28.1%) | $6,500 – $8,500 | 14 |
| 4BR | $8,500 | +$1,000 (+13.3%) | +$3,425 (+67.5%) | $8,500 – $8,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — February 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,650 | $2,125 | −$475 (-22.4%) |
| 1BR | $2,150 | $2,125 | +$25 (+1.2%) |
| 2BR | $2,295 | $2,773 | −$478 (-17.2%) |
| 2BR | $3,125 | $2,773 | +$352 (+12.7%) |
| 3BR | $3,650 | $3,850 | −$200 (-5.2%) |
| 3BR | $4,263 | $3,850 | +$413 (+10.7%) |
| 4BR | $6,500 | $4,695 | +$1,805 (+38.4%) |
| 4BR | $8,500 | $4,695 | +$3,805 (+81.0%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in February 2023.