Monthly Rent Report
Burbank Rent Report — May 2024
Asking rents in ZIP 91505, Los Angeles, from 794 listings.
Median 1BR rent in Burbank was $1,975 in May 2024, down 18.8% (−$458) from April 2024 and down 11.2% year-over-year. The middle half of 1BR listings asked between $1,975 and $1,975. That puts Burbank $120 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 794 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,853 | +$58 (+3.2%) | −$97 (-5.0%) | $1,561 – $1,999 | 54 |
| Studio | $1,399 | −$396 (-22.1%) | −$551 (-28.3%) | $1,399 – $1,399 | 1 |
| 1BR | $1,975 | −$458 (-18.8%) | −$250 (-11.2%) | $1,975 – $1,975 | 1 |
| 1BR | $2,540 | +$107 (+4.4%) | +$315 (+14.1%) | $2,205 – $3,822 | 192 |
| 2BR | $6,800 | +$3,325 (+95.7%) | +$3,650 (+115.9%) | $6,800 – $6,800 | 1 |
| 2BR | $5,116 | +$1,641 (+47.2%) | +$1,966 (+62.4%) | $2,954 – $5,240 | 354 |
| 3BR | $1,995 | −$3,000 (-60.1%) | −$3,004 (-60.1%) | $1,995 – $1,995 | 1 |
| 3BR | $5,950 | +$955 (+19.1%) | +$951 (+19.0%) | $4,265 – $6,868 | 169 |
| 4BR | $6,500 | +$500 (+8.3%) | +$550 (+9.2%) | $6,500 – $15,121 | 6 |
| 4BR | $6,500 | +$500 (+8.3%) | +$550 (+9.2%) | $5,550 – $7,500 | 13 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — May 2024
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,853 | $1,795 | +$58 (+3.2%) |
| Studio | $1,399 | $1,795 | −$396 (-22.1%) |
| 1BR | $1,975 | $2,095 | −$120 (-5.7%) |
| 1BR | $2,540 | $2,095 | +$445 (+21.2%) |
| 2BR | $6,800 | $2,850 | +$3,950 (+138.6%) |
| 2BR | $5,116 | $2,850 | +$2,266 (+79.5%) |
| 3BR | $1,995 | $3,969 | −$1,973 (-49.7%) |
| 3BR | $5,950 | $3,969 | +$1,982 (+49.9%) |
| 4BR | $6,500 | $5,175 | +$1,325 (+25.6%) |
| 4BR | $6,500 | $5,175 | +$1,325 (+25.6%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.