Monthly Rent Report
Burbank Rent Report — May 2023
Asking rents in ZIP 91504, Los Angeles, from 108 listings.
Median 1BR rent in Burbank was $1,873 in May 2023, down 14.8% (−$325) from April 2023 and down 2.7% year-over-year. The middle half of 1BR listings asked between $1,811 and $1,934. That puts Burbank $250 below the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 108 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,086 | −$114 (-5.2%) | −$214 (-9.3%) | $1,796 – $3,553 | 6 |
| Studio | $2,086 | −$114 (-5.2%) | −$214 (-9.3%) | $1,796 – $3,553 | 6 |
| 1BR | $1,873 | −$325 (-14.8%) | −$52 (-2.7%) | $1,811 – $1,934 | 2 |
| 1BR | $2,100 | −$97 (-4.4%) | +$175 (+9.1%) | $1,995 – $2,499 | 25 |
| 2BR | $2,585 | −$210 (-7.5%) | +$385 (+17.5%) | $2,585 – $2,585 | 1 |
| 2BR | $3,017 | +$222 (+7.9%) | +$817 (+37.1%) | $2,750 – $3,720 | 40 |
| 3BR | $3,300 | −$600 (-15.4%) | −$200 (-5.7%) | $3,300 – $3,300 | 1 |
| 3BR | $3,295 | −$605 (-15.5%) | −$205 (-5.9%) | $3,295 – $4,350 | 22 |
| 4BR | $4,500 | −$1,750 (-28.0%) | −$1,200 (-21.1%) | $4,500 – $4,500 | 1 |
| 4BR | $5,000 | −$1,250 (-20.0%) | −$700 (-12.3%) | $4,875 – $5,250 | 4 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — May 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,086 | $1,750 | +$336 (+19.2%) |
| Studio | $2,086 | $1,750 | +$336 (+19.2%) |
| 1BR | $1,873 | $2,122 | −$249 (-11.8%) |
| 1BR | $2,100 | $2,122 | −$22 (-1.0%) |
| 2BR | $2,585 | $2,780 | −$195 (-7.0%) |
| 2BR | $3,017 | $2,780 | +$237 (+8.5%) |
| 3BR | $3,300 | $3,943 | −$642 (-16.3%) |
| 3BR | $3,295 | $3,943 | −$647 (-16.4%) |
| 4BR | $4,500 | $5,000 | −$500 (-10.0%) |
| 4BR | $5,000 | $5,000 | $0 (0.0%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.