Monthly Rent Report
Burbank Rent Report — May 2023
Asking rents in ZIP 91505, Los Angeles, from 152 listings.
Median 1BR rent in Burbank was $2,698 in May 2023, up 12.4% (+$298) from April 2023 and up 8.7% year-over-year. The middle half of 1BR listings asked between $2,678 and $2,738. That puts Burbank $576 above the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 152 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,950 | −$8 (-0.4%) | +$55 (+2.9%) | $1,800 – $2,106 | 25 |
| Studio | $1,800 | −$158 (-8.1%) | −$95 (-5.0%) | $1,800 – $1,800 | 1 |
| 1BR | $2,698 | +$298 (+12.4%) | +$216 (+8.7%) | $2,678 – $2,738 | 3 |
| 1BR | $2,225 | −$175 (-7.3%) | −$257 (-10.4%) | $1,997 – $2,500 | 48 |
| 2BR | $3,150 | −$519 (-14.1%) | −$250 (-7.4%) | $3,015 – $3,205 | 11 |
| 2BR | $3,300 | −$369 (-10.1%) | −$100 (-2.9%) | $2,956 – $3,565 | 39 |
| 3BR | $4,500 | −$399 (-8.2%) | +$1,200 (+36.4%) | $4,500 – $4,500 | 1 |
| 3BR | $4,999 | +$100 (+2.0%) | +$1,699 (+51.5%) | $4,100 – $5,600 | 20 |
| 4BR | $5,950 | +$100 (+1.7%) | −$550 (-8.5%) | $5,950 – $6,320 | 3 |
| 4BR | $6,690 | +$840 (+14.4%) | +$190 (+2.9%) | $6,690 – $6,690 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — May 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,950 | $1,750 | +$200 (+11.4%) |
| Studio | $1,800 | $1,750 | +$50 (+2.9%) |
| 1BR | $2,698 | $2,122 | +$576 (+27.1%) |
| 1BR | $2,225 | $2,122 | +$103 (+4.9%) |
| 2BR | $3,150 | $2,780 | +$370 (+13.3%) |
| 2BR | $3,300 | $2,780 | +$520 (+18.7%) |
| 3BR | $4,500 | $3,943 | +$558 (+14.1%) |
| 3BR | $4,999 | $3,943 | +$1,057 (+26.8%) |
| 4BR | $5,950 | $5,000 | +$950 (+19.0%) |
| 4BR | $6,690 | $5,000 | +$1,690 (+33.8%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.