Monthly Rent Report
Burbank Rent Report — March 2024
Asking rents in ZIP 91504, Los Angeles, from 180 listings.
Median 1BR rent in Burbank was $1,984 in March 2024, down 7.7% (−$165) from February 2024 and up 0.5% year-over-year. The middle half of 1BR listings asked between $1,926 and $2,042. That puts Burbank $161 below the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 180 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,695 | +$33 (+2.0%) | −$100 (-5.6%) | $1,662 – $1,695 | 9 |
| Studio | $1,695 | +$33 (+2.0%) | −$100 (-5.6%) | $1,670 – $1,695 | 10 |
| 1BR | $1,984 | −$165 (-7.7%) | +$9 (+0.5%) | $1,926 – $2,042 | 2 |
| 1BR | $2,100 | −$49 (-2.3%) | +$125 (+6.3%) | $1,995 – $2,367 | 31 |
| 2BR | $3,098 | +$673 (+27.7%) | +$703 (+29.3%) | $2,700 – $3,600 | 58 |
| 2BR | $2,150 | −$275 (-11.3%) | −$245 (-10.2%) | $2,075 – $2,225 | 2 |
| 3BR | $3,995 | −$1,106 (-21.7%) | +$45 (+1.1%) | $3,295 – $4,900 | 41 |
| 3BR | $6,700 | +$1,599 (+31.3%) | +$2,750 (+69.6%) | $6,700 – $6,700 | 1 |
| 4BR | $9,500 | +$2,600 (+37.7%) | +$4,500 (+90.0%) | $9,125 – $10,500 | 14 |
| 4BR | $10,500 | +$3,600 (+52.2%) | +$5,500 (+110.0%) | $9,000 – $10,500 | 12 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — March 2024
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,695 | $1,723 | −$27 (-1.6%) |
| Studio | $1,695 | $1,723 | −$27 (-1.6%) |
| 1BR | $1,984 | $2,145 | −$161 (-7.5%) |
| 1BR | $2,100 | $2,145 | −$45 (-2.1%) |
| 2BR | $3,098 | $2,850 | +$248 (+8.7%) |
| 2BR | $2,150 | $2,850 | −$700 (-24.6%) |
| 3BR | $3,995 | $3,762 | +$233 (+6.2%) |
| 3BR | $6,700 | $3,762 | +$2,938 (+78.1%) |
| 4BR | $9,500 | $4,950 | +$4,550 (+91.9%) |
| 4BR | $10,500 | $4,950 | +$5,550 (+112.1%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.