Monthly Rent Report
Burbank Rent Report — July 2023
Asking rents in ZIP 91504, Los Angeles, from 49 listings.
Median 1BR rent in Burbank was $2,048 in July 2023, down 19.7% (−$502) from June 2023 and down 11.0% year-over-year. The middle half of 1BR listings asked between $1,974 and $2,121. That puts Burbank $78 below the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 49 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,100 | +$305 (+17.0%) | +$605 (+40.5%) | $2,100 – $2,100 | 1 |
| Studio | $1,795 | $0 (0.0%) | +$300 (+20.1%) | $1,738 – $2,048 | 7 |
| 1BR | $2,048 | −$502 (-19.7%) | −$252 (-11.0%) | $1,974 – $2,121 | 2 |
| 1BR | $2,275 | −$275 (-10.8%) | −$25 (-1.1%) | $2,215 – $2,484 | 6 |
| 2BR | $3,322 | −$153 (-4.4%) | +$397 (+13.6%) | $3,048 – $3,708 | 11 |
| 2BR | $2,500 | −$975 (-28.1%) | −$425 (-14.5%) | $2,500 – $2,500 | 1 |
| 3BR | $3,295 | $0 (0.0%) | −$905 (-21.5%) | $3,295 – $3,295 | 11 |
| 3BR | $2,000 | −$1,295 (-39.3%) | −$2,200 (-52.4%) | $2,000 – $2,000 | 1 |
| 4BR | $4,948 | −$52 (-1.1%) | +$173 (+3.6%) | $4,100 – $10,374 | 6 |
| 4BR | $5,495 | +$495 (+9.9%) | +$720 (+15.1%) | $4,748 – $8,748 | 3 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — July 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,100 | $1,800 | +$300 (+16.7%) |
| Studio | $1,795 | $1,800 | −$5 (-0.3%) |
| 1BR | $2,048 | $2,125 | −$77 (-3.6%) |
| 1BR | $2,275 | $2,125 | +$150 (+7.1%) |
| 2BR | $3,322 | $2,873 | +$449 (+15.6%) |
| 2BR | $2,500 | $2,873 | −$373 (-13.0%) |
| 3BR | $3,295 | $3,836 | −$541 (-14.1%) |
| 3BR | $2,000 | $3,836 | −$1,836 (-47.9%) |
| 4BR | $4,948 | $4,572 | +$376 (+8.2%) |
| 4BR | $5,495 | $4,572 | +$923 (+20.2%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.