Monthly Rent Report
Burbank Rent Report — August 2023
Asking rents in ZIP 91505, Los Angeles, from 37 listings.
Median 1BR rent in Burbank was $1,995 in August 2023, down 9.1% (−$200) from July 2023 and down 25.6% year-over-year. The middle half of 1BR listings asked between $1,995 and $1,995. That puts Burbank $105 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 37 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,373 | +$1,223 (+106.3%) | +$236 (+11.0%) | $2,111 – $2,634 | 2 |
| Studio | $1,595 | +$445 (+38.7%) | −$542 (-25.4%) | $1,595 – $1,595 | 1 |
| 1BR | $1,995 | −$200 (-9.1%) | −$687 (-25.6%) | $1,995 – $1,995 | 1 |
| 1BR | $2,611 | +$416 (+19.0%) | −$71 (-2.6%) | $2,364 – $2,681 | 6 |
| 2BR | $6,400 | +$4,301 (+204.9%) | +$2,900 (+82.8%) | $6,400 – $6,400 | 5 |
| 2BR | $3,130 | +$1,031 (+49.1%) | −$370 (-10.6%) | $3,049 – $3,187 | 5 |
| 3BR | $4,750 | −$555 (-10.5%) | −$245 (-4.9%) | $4,750 – $4,750 | 1 |
| 3BR | $3,595 | −$1,710 (-32.2%) | −$1,400 (-28.0%) | $3,595 – $7,000 | 12 |
| 4BR | $5,300 | +$1,300 (+32.5%) | −$4,850 (-47.8%) | $5,300 – $5,300 | 1 |
| 4BR | $6,100 | +$2,100 (+52.5%) | −$4,050 (-39.9%) | $6,100 – $6,100 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — August 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,373 | $1,775 | +$598 (+33.7%) |
| Studio | $1,595 | $1,775 | −$180 (-10.1%) |
| 1BR | $1,995 | $2,100 | −$105 (-5.0%) |
| 1BR | $2,611 | $2,100 | +$511 (+24.3%) |
| 2BR | $6,400 | $2,895 | +$3,505 (+121.1%) |
| 2BR | $3,130 | $2,895 | +$235 (+8.1%) |
| 3BR | $4,750 | $3,897 | +$853 (+21.9%) |
| 3BR | $3,595 | $3,897 | −$302 (-7.8%) |
| 4BR | $5,300 | $5,163 | +$138 (+2.7%) |
| 4BR | $6,100 | $5,163 | +$938 (+18.2%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.