Monthly Rent Report
Burbank Rent Report — August 2023
Asking rents in ZIP 91506, Los Angeles, from 35 listings.
Median 1BR rent in Burbank was $2,000 in August 2023, down 9.1% (−$200) from July 2023 and up 17.6% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,000. That puts Burbank $100 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 35 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,470 | +$670 (+37.2%) | +$720 (+41.1%) | $1,920 – $3,020 | 4 |
| Studio | $2,000 | +$200 (+11.1%) | +$250 (+14.3%) | $1,963 – $3,100 | 8 |
| 1BR | $2,000 | −$200 (-9.1%) | +$300 (+17.6%) | $2,000 – $2,000 | 1 |
| 1BR | $2,605 | +$405 (+18.4%) | +$905 (+53.2%) | $2,000 – $3,125 | 7 |
| 2BR | $3,550 | −$200 (-5.3%) | +$1,150 (+47.9%) | $2,925 – $4,175 | 2 |
| 2BR | $2,875 | −$875 (-23.3%) | +$475 (+19.8%) | $2,663 – $3,088 | 2 |
| 3BR | $3,295 | −$650 (-16.5%) | −$905 (-21.5%) | $3,295 – $3,783 | 6 |
| 3BR | $3,795 | −$150 (-3.8%) | −$405 (-9.6%) | $3,795 – $3,795 | 1 |
| 4BR | $4,500 | — | — | $4,500 – $4,500 | 1 |
| 4BR | $4,900 | — | — | $4,900 – $4,900 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — August 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,470 | $1,775 | +$695 (+39.2%) |
| Studio | $2,000 | $1,775 | +$225 (+12.7%) |
| 1BR | $2,000 | $2,100 | −$100 (-4.8%) |
| 1BR | $2,605 | $2,100 | +$505 (+24.0%) |
| 2BR | $3,550 | $2,895 | +$655 (+22.6%) |
| 2BR | $2,875 | $2,895 | −$20 (-0.7%) |
| 3BR | $3,295 | $3,897 | −$602 (-15.5%) |
| 3BR | $3,795 | $3,897 | −$102 (-2.6%) |
| 4BR | $4,500 | $5,163 | −$662 (-12.8%) |
| 4BR | $4,900 | $5,163 | −$262 (-5.1%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.