Monthly Rent Report
Burbank Rent Report — January 2023
Asking rents in ZIP 91506, Los Angeles, from 164 listings.
Median 1BR rent in Burbank was $1,650 in January 2023, down 17.3% (−$345) from December 2022 and down 12.9% year-over-year. The middle half of 1BR listings asked between $1,650 and $1,650. That puts Burbank $475 below the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 164 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,060 | −$317 (-13.4%) | +$960 (+87.3%) | $1,920 – $2,720 | 9 |
| Studio | $1,950 | −$427 (-18.0%) | +$850 (+77.3%) | $1,950 – $1,950 | 1 |
| 1BR | $1,650 | −$345 (-17.3%) | −$245 (-12.9%) | $1,650 – $1,650 | 105 |
| 1BR | $1,625 | −$370 (-18.5%) | −$270 (-14.2%) | $1,563 – $1,688 | 2 |
| 2BR | $3,900 | −$600 (-13.3%) | +$1,100 (+39.3%) | $3,900 – $3,900 | 1 |
| 2BR | $3,373 | −$1,127 (-25.1%) | +$573 (+20.4%) | $2,486 – $4,125 | 12 |
| 3BR | $3,295 | −$1,430 (-30.3%) | −$650 (-16.5%) | $3,295 – $3,945 | 33 |
| 3BR | $5,500 | +$775 (+16.4%) | +$1,555 (+39.4%) | $5,500 – $5,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — January 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,060 | $1,795 | +$265 (+14.8%) |
| Studio | $1,950 | $1,795 | +$155 (+8.6%) |
| 1BR | $1,650 | $2,125 | −$475 (-22.4%) |
| 1BR | $1,625 | $2,125 | −$500 (-23.5%) |
| 2BR | $3,900 | $2,861 | +$1,039 (+36.3%) |
| 2BR | $3,373 | $2,861 | +$511 (+17.9%) |
| 3BR | $3,295 | $3,848 | −$552 (-14.4%) |
| 3BR | $5,500 | $3,848 | +$1,653 (+42.9%) |
Citywide figure is the median of zip-level medians across 131 Los Angeles zip codes with listings in January 2023.