Monthly Rent Report
Burbank Rent Report — May 2024
Asking rents in ZIP 91504, Los Angeles, from 287 listings.
Median 1BR rent in Burbank was $2,095 in May 2024, up 5.0% (+$100) from April 2024 and up 11.9% year-over-year. The middle half of 1BR listings asked between $1,950 and $2,464. That puts Burbank in line with the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 287 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,695 | +$33 (+2.0%) | −$390 (-18.7%) | $1,695 – $1,695 | 1 |
| Studio | $1,695 | +$33 (+2.0%) | −$390 (-18.7%) | $1,662 – $1,995 | 11 |
| 1BR | $2,095 | +$100 (+5.0%) | +$223 (+11.9%) | $1,950 – $2,464 | 82 |
| 1BR | $1,950 | −$45 (-2.3%) | +$78 (+4.1%) | $1,950 – $1,950 | 1 |
| 2BR | $3,238 | +$143 (+4.6%) | +$221 (+7.3%) | $2,975 – $3,625 | 4 |
| 2BR | $3,200 | +$105 (+3.4%) | +$183 (+6.1%) | $2,750 – $3,695 | 101 |
| 3BR | $9,500 | +$6,205 (+188.3%) | +$6,205 (+188.3%) | $9,500 – $9,500 | 1 |
| 3BR | $4,150 | +$855 (+25.9%) | +$855 (+25.9%) | $3,295 – $4,800 | 64 |
| 4BR | $8,495 | +$1,500 (+21.4%) | +$3,495 (+69.9%) | $8,495 – $8,495 | 1 |
| 4BR | $8,495 | +$1,500 (+21.4%) | +$3,495 (+69.9%) | $6,995 – $9,000 | 21 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — May 2024
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,695 | $1,795 | −$100 (-5.6%) |
| Studio | $1,695 | $1,795 | −$100 (-5.6%) |
| 1BR | $2,095 | $2,095 | $0 (0.0%) |
| 1BR | $1,950 | $2,095 | −$145 (-6.9%) |
| 2BR | $3,238 | $2,850 | +$388 (+13.6%) |
| 2BR | $3,200 | $2,850 | +$350 (+12.3%) |
| 3BR | $9,500 | $3,969 | +$5,532 (+139.4%) |
| 3BR | $4,150 | $3,969 | +$182 (+4.6%) |
| 4BR | $8,495 | $5,175 | +$3,320 (+64.2%) |
| 4BR | $8,495 | $5,175 | +$3,320 (+64.2%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.