Monthly Rent Report
Burbank Rent Report — May 2023
Asking rents in ZIP 91506, Los Angeles, from 102 listings.
Median 1BR rent in Burbank was $1,950 in May 2023, down 1.1% (−$22) from April 2023 and up 18.2% year-over-year. The middle half of 1BR listings asked between $1,838 and $2,230. That puts Burbank $172 below the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 102 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,613 | −$382 (-19.2%) | −$435 (-21.2%) | $1,595 – $1,950 | 20 |
| Studio | $1,595 | −$400 (-20.1%) | −$452 (-22.1%) | $1,595 – $1,595 | 1 |
| 1BR | $1,950 | −$22 (-1.1%) | +$300 (+18.2%) | $1,838 – $2,230 | 19 |
| 1BR | $1,825 | −$147 (-7.5%) | +$175 (+10.6%) | $1,825 – $1,825 | 1 |
| 2BR | $6,500 | +$3,000 (+85.7%) | +$2,005 (+44.6%) | $6,500 – $6,500 | 1 |
| 2BR | $2,850 | −$650 (-18.6%) | −$1,645 (-36.6%) | $2,625 – $3,400 | 15 |
| 3BR | $3,945 | −$555 (-12.3%) | −$950 (-19.4%) | $3,295 – $4,350 | 40 |
| 3BR | $6,000 | +$1,500 (+33.3%) | +$1,105 (+22.6%) | $6,000 – $6,000 | 1 |
| 4BR | $5,500 | −$9,000 (-62.1%) | — | $5,500 – $6,100 | 3 |
| 4BR | $5,500 | −$9,000 (-62.1%) | — | $5,500 – $5,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — May 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,613 | $1,750 | −$137 (-7.9%) |
| Studio | $1,595 | $1,750 | −$155 (-8.9%) |
| 1BR | $1,950 | $2,122 | −$172 (-8.1%) |
| 1BR | $1,825 | $2,122 | −$297 (-14.0%) |
| 2BR | $6,500 | $2,780 | +$3,720 (+133.8%) |
| 2BR | $2,850 | $2,780 | +$70 (+2.5%) |
| 3BR | $3,945 | $3,943 | +$3 (+0.1%) |
| 3BR | $6,000 | $3,943 | +$2,058 (+52.2%) |
| 4BR | $5,500 | $5,000 | +$500 (+10.0%) |
| 4BR | $5,500 | $5,000 | +$500 (+10.0%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.