Monthly Rent Report
Burbank Rent Report — August 2024
Asking rents in ZIP 91505, Los Angeles, from 16 listings.
Median 1BR rent in Burbank was $1,875 in August 2024, down 20.1% (−$472) from July 2024 and down 28.2% year-over-year. The middle half of 1BR listings asked between $1,875 and $1,875. That puts Burbank $220 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 16 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,520 | +$1,016 (+67.6%) | +$148 (+6.2%) | $2,470 – $2,570 | 2 |
| Studio | $1,995 | +$491 (+32.6%) | −$377 (-15.9%) | $1,995 – $1,995 | 1 |
| 1BR | $1,875 | −$472 (-20.1%) | −$736 (-28.2%) | $1,875 – $1,875 | 1 |
| 1BR | $2,545 | +$198 (+8.4%) | −$66 (-2.5%) | $2,392 – $2,607 | 5 |
| 2BR | $2,650 | −$485 (-15.5%) | −$480 (-15.3%) | $2,650 – $2,650 | 1 |
| 2BR | $3,450 | +$315 (+10.0%) | +$320 (+10.2%) | $3,450 – $3,450 | 2 |
| 3BR | $4,300 | +$805 (+23.0%) | +$705 (+19.6%) | $4,300 – $4,300 | 1 |
| 4BR | $5,500 | −$1,500 (-21.4%) | −$600 (-9.8%) | $5,500 – $5,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — August 2024
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,520 | $1,750 | +$770 (+44.0%) |
| Studio | $1,995 | $1,750 | +$245 (+14.0%) |
| 1BR | $1,875 | $2,095 | −$220 (-10.5%) |
| 1BR | $2,545 | $2,095 | +$450 (+21.5%) |
| 2BR | $2,650 | $2,795 | −$145 (-5.2%) |
| 2BR | $3,450 | $2,795 | +$655 (+23.4%) |
| 3BR | $4,300 | $4,000 | +$300 (+7.5%) |
| 4BR | $5,500 | $4,895 | +$605 (+12.4%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.