Monthly Rent Report
Burbank Rent Report — July 2023
Asking rents in ZIP 91505, Los Angeles, from 45 listings.
Median 1BR rent in Burbank was $2,195 in July 2023, down 0.1% (−$2) from June 2023 and up 18.6% year-over-year. The middle half of 1BR listings asked between $1,998 and $2,500. That puts Burbank $70 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 45 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,084 | +$259 (+14.2%) | +$189 (+10.0%) | $1,895 – $2,141 | 5 |
| Studio | $1,150 | −$675 (-37.0%) | −$745 (-39.3%) | $1,150 – $1,150 | 1 |
| 1BR | $2,195 | −$2 (-0.1%) | +$345 (+18.6%) | $1,998 – $2,500 | 17 |
| 1BR | $2,605 | +$408 (+18.5%) | +$755 (+40.8%) | $2,599 – $2,784 | 3 |
| 2BR | $3,248 | +$153 (+4.9%) | −$295 (-8.3%) | $2,750 – $4,279 | 12 |
| 2BR | $2,099 | −$996 (-32.2%) | −$1,444 (-40.8%) | $2,099 – $2,099 | 1 |
| 3BR | $4,495 | −$180 (-3.9%) | −$1,388 (-23.6%) | $4,495 – $4,495 | 1 |
| 3BR | $5,305 | +$630 (+13.5%) | −$578 (-9.8%) | $4,228 – $6,403 | 3 |
| 4BR | $5,495 | +$100 (+1.9%) | −$524 (-8.7%) | $5,495 – $5,495 | 1 |
| 4BR | $4,000 | −$1,395 (-25.9%) | −$2,019 (-33.5%) | $4,000 – $4,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — July 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,084 | $1,800 | +$284 (+15.8%) |
| Studio | $1,150 | $1,800 | −$650 (-36.1%) |
| 1BR | $2,195 | $2,125 | +$70 (+3.3%) |
| 1BR | $2,605 | $2,125 | +$480 (+22.6%) |
| 2BR | $3,248 | $2,873 | +$375 (+13.0%) |
| 2BR | $2,099 | $2,873 | −$774 (-26.9%) |
| 3BR | $4,495 | $3,836 | +$659 (+17.2%) |
| 3BR | $5,305 | $3,836 | +$1,469 (+38.3%) |
| 4BR | $5,495 | $4,572 | +$923 (+20.2%) |
| 4BR | $4,000 | $4,572 | −$572 (-12.5%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.