Monthly Rent Report
Burbank Rent Report — March 2023
Asking rents in ZIP 91505, Los Angeles, from 267 listings.
Median 1BR rent in Burbank was $2,435 in March 2023, up 7.3% (+$165) from February 2023 and down 5.4% year-over-year. The middle half of 1BR listings asked between $2,412 and $2,465. That puts Burbank $338 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 267 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,840 | +$140 (+8.2%) | −$610 (-24.9%) | $1,700 – $2,111 | 37 |
| Studio | $1,725 | +$25 (+1.5%) | −$725 (-29.6%) | $1,725 – $1,725 | 1 |
| 1BR | $2,435 | +$165 (+7.3%) | −$140 (-5.4%) | $2,412 – $2,465 | 5 |
| 1BR | $2,425 | +$155 (+6.8%) | −$150 (-5.8%) | $2,199 – $2,780 | 78 |
| 2BR | $4,100 | +$990 (+31.8%) | +$1,605 (+64.3%) | $4,100 – $4,100 | 1 |
| 2BR | $3,499 | +$389 (+12.5%) | +$1,004 (+40.2%) | $2,693 – $5,730 | 102 |
| 3BR | $5,300 | +$300 (+6.0%) | +$300 (+6.0%) | $4,425 – $5,818 | 40 |
| 3BR | $4,995 | −$5 (-0.1%) | −$5 (-0.1%) | $4,995 – $4,995 | 1 |
| 4BR | $5,950 | $0 (0.0%) | — | $5,950 – $5,950 | 1 |
| 4BR | $5,950 | $0 (0.0%) | — | $5,950 – $5,950 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — March 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,840 | $1,745 | +$95 (+5.4%) |
| Studio | $1,725 | $1,745 | −$20 (-1.1%) |
| 1BR | $2,435 | $2,097 | +$338 (+16.1%) |
| 1BR | $2,425 | $2,097 | +$328 (+15.6%) |
| 2BR | $4,100 | $2,750 | +$1,350 (+49.1%) |
| 2BR | $3,499 | $2,750 | +$749 (+27.2%) |
| 3BR | $5,300 | $3,923 | +$1,378 (+35.1%) |
| 3BR | $4,995 | $3,923 | +$1,073 (+27.3%) |
| 4BR | $5,950 | $4,760 | +$1,190 (+25.0%) |
| 4BR | $5,950 | $4,760 | +$1,190 (+25.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.