Monthly Rent Report
Burbank Rent Report — March 2023
Asking rents in ZIP 91504, Los Angeles, from 143 listings.
Median 1BR rent in Burbank was $2,150 in March 2023, up 30.3% (+$500) from February 2023 and up 11.7% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,318. That puts Burbank $53 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 143 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,695 | — | +$195 (+13.0%) | $1,695 – $1,740 | 3 |
| Studio | $1,795 | — | +$295 (+19.7%) | $1,795 – $1,795 | 1 |
| 1BR | $2,150 | +$500 (+30.3%) | +$225 (+11.7%) | $2,000 – $2,318 | 55 |
| 1BR | $1,975 | +$325 (+19.7%) | +$50 (+2.6%) | $1,975 – $1,975 | 1 |
| 2BR | $2,775 | +$480 (+20.9%) | +$108 (+4.0%) | $2,495 – $3,475 | 42 |
| 2BR | $2,395 | +$100 (+4.4%) | −$272 (-10.2%) | $2,395 – $2,395 | 1 |
| 3BR | $3,695 | +$45 (+1.2%) | +$400 (+12.1%) | $3,695 – $3,695 | 1 |
| 3BR | $3,950 | +$300 (+8.2%) | +$655 (+19.9%) | $3,900 – $4,500 | 25 |
| 4BR | $6,500 | $0 (0.0%) | +$1,375 (+26.8%) | $6,250 – $8,500 | 7 |
| 4BR | $5,000 | −$1,500 (-23.1%) | −$125 (-2.4%) | $5,000 – $5,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — March 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,695 | $1,745 | −$50 (-2.9%) |
| Studio | $1,795 | $1,745 | +$50 (+2.9%) |
| 1BR | $2,150 | $2,097 | +$53 (+2.5%) |
| 1BR | $1,975 | $2,097 | −$122 (-5.8%) |
| 2BR | $2,775 | $2,750 | +$25 (+0.9%) |
| 2BR | $2,395 | $2,750 | −$355 (-12.9%) |
| 3BR | $3,695 | $3,923 | −$227 (-5.8%) |
| 3BR | $3,950 | $3,923 | +$28 (+0.7%) |
| 4BR | $6,500 | $4,760 | +$1,740 (+36.6%) |
| 4BR | $5,000 | $4,760 | +$240 (+5.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.