Monthly Rent Report
Burbank Rent Report — August 2023
Asking rents in ZIP 91504, Los Angeles, from 36 listings.
Median 1BR rent in Burbank was $1,800 in August 2023, down 20.9% (−$475) from July 2023 and down 9.8% year-over-year. The middle half of 1BR listings asked between $1,800 and $1,800. That puts Burbank $300 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 36 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,802 | +$1,702 (+81.0%) | +$2,252 (+145.3%) | $3,802 – $3,802 | 1 |
| Studio | $1,725 | −$375 (-17.9%) | +$175 (+11.3%) | $1,695 – $2,095 | 13 |
| 1BR | $1,800 | −$475 (-20.9%) | −$195 (-9.8%) | $1,800 – $1,800 | 1 |
| 1BR | $1,745 | −$530 (-23.3%) | −$250 (-12.5%) | $1,745 – $1,745 | 5 |
| 2BR | $3,212 | +$712 (+28.5%) | +$722 (+29.0%) | $2,968 – $3,627 | 7 |
| 2BR | $2,600 | +$100 (+4.0%) | +$110 (+4.4%) | $2,600 – $2,600 | 1 |
| 3BR | $3,495 | +$200 (+6.1%) | −$1,005 (-22.3%) | $3,495 – $3,495 | 3 |
| 3BR | $3,495 | +$200 (+6.1%) | −$1,005 (-22.3%) | $3,495 – $3,495 | 1 |
| 4BR | $9,000 | +$3,505 (+63.8%) | +$2,200 (+32.4%) | $9,000 – $9,000 | 3 |
| 4BR | $4,400 | −$1,095 (-19.9%) | −$2,400 (-35.3%) | $4,400 – $4,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — August 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,802 | $1,775 | +$2,027 (+114.2%) |
| Studio | $1,725 | $1,775 | −$50 (-2.8%) |
| 1BR | $1,800 | $2,100 | −$300 (-14.3%) |
| 1BR | $1,745 | $2,100 | −$355 (-16.9%) |
| 2BR | $3,212 | $2,895 | +$317 (+10.9%) |
| 2BR | $2,600 | $2,895 | −$295 (-10.2%) |
| 3BR | $3,495 | $3,897 | −$402 (-10.3%) |
| 3BR | $3,495 | $3,897 | −$402 (-10.3%) |
| 4BR | $9,000 | $5,163 | +$3,838 (+74.3%) |
| 4BR | $4,400 | $5,163 | −$762 (-14.8%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.