Monthly Rent Report
Burbank Rent Report — July 2023
Asking rents in ZIP 91506, Los Angeles, from 39 listings.
Median 1BR rent in Burbank was $2,200 in July 2023, up 12.9% (+$251) from June 2023 and down 12.0% year-over-year. The middle half of 1BR listings asked between $2,200 and $2,200. That puts Burbank $75 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 39 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,798 | −$117 (-6.1%) | +$398 (+28.4%) | $1,774 – $1,989 | 4 |
| Studio | $1,800 | −$115 (-6.0%) | +$400 (+28.6%) | $1,760 – $1,828 | 10 |
| 1BR | $2,200 | +$251 (+12.9%) | −$300 (-12.0%) | $2,200 – $2,200 | 1 |
| 1BR | $2,188 | +$239 (+12.2%) | −$312 (-12.5%) | $1,819 – $2,691 | 4 |
| 2BR | $3,750 | −$497 (-11.7%) | −$225 (-5.7%) | $3,373 – $3,975 | 3 |
| 2BR | $4,200 | −$47 (-1.1%) | +$225 (+5.7%) | $4,200 – $4,200 | 1 |
| 3BR | $3,500 | −$445 (-11.3%) | −$1,295 (-27.0%) | $3,500 – $3,500 | 1 |
| 3BR | $3,945 | $0 (0.0%) | −$850 (-17.7%) | $3,295 – $3,945 | 13 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — July 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,798 | $1,800 | −$2 (-0.1%) |
| Studio | $1,800 | $1,800 | $0 (0.0%) |
| 1BR | $2,200 | $2,125 | +$75 (+3.5%) |
| 1BR | $2,188 | $2,125 | +$63 (+2.9%) |
| 2BR | $3,750 | $2,873 | +$877 (+30.5%) |
| 2BR | $4,200 | $2,873 | +$1,327 (+46.2%) |
| 3BR | $3,500 | $3,836 | −$336 (-8.8%) |
| 3BR | $3,945 | $3,836 | +$109 (+2.8%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.