Monthly Rent Report
Burbank Rent Report — December 2023
Asking rents in ZIP 91505, Los Angeles, from 77 listings.
Median 1BR rent in Burbank was $2,282 in December 2023, up 8.9% (+$187) from November 2023 and down 7.7% year-over-year. The middle half of 1BR listings asked between $2,282 and $2,282. That puts Burbank $153 above the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 77 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,059 | +$312 (+17.8%) | +$409 (+24.8%) | $1,849 – $2,154 | 58 |
| Studio | $1,780 | +$33 (+1.9%) | +$130 (+7.9%) | $1,780 – $1,780 | 1 |
| 1BR | $2,282 | +$187 (+8.9%) | −$190 (-7.7%) | $2,282 – $2,282 | 1 |
| 1BR | $1,860 | −$235 (-11.2%) | −$612 (-24.8%) | $1,860 – $1,968 | 3 |
| 2BR | $3,500 | +$505 (+16.9%) | +$515 (+17.3%) | $3,300 – $3,500 | 5 |
| 2BR | $3,029 | +$34 (+1.1%) | +$44 (+1.5%) | $2,736 – $3,074 | 4 |
| 3BR | $4,250 | −$250 (-5.6%) | +$250 (+6.3%) | $4,250 – $4,425 | 4 |
| 3BR | $3,595 | −$905 (-20.1%) | −$405 (-10.1%) | $3,595 – $3,595 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — December 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,059 | $1,750 | +$309 (+17.7%) |
| Studio | $1,780 | $1,750 | +$30 (+1.7%) |
| 1BR | $2,282 | $2,129 | +$153 (+7.2%) |
| 1BR | $1,860 | $2,129 | −$269 (-12.6%) |
| 2BR | $3,500 | $2,795 | +$705 (+25.2%) |
| 2BR | $3,029 | $2,795 | +$234 (+8.4%) |
| 3BR | $4,250 | $3,923 | +$328 (+8.3%) |
| 3BR | $3,595 | $3,923 | −$327 (-8.3%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.