Monthly Rent Report
Burbank Rent Report — December 2023
Asking rents in ZIP 91506, Los Angeles, from 32 listings.
Median 1BR rent in Burbank was $1,675 in December 2023, down 20.8% (−$439) from November 2023 and down 5.5% year-over-year. The middle half of 1BR listings asked between $1,675 and $1,675. That puts Burbank $454 below the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 32 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,995 | −$105 (-5.0%) | −$382 (-16.1%) | $1,995 – $1,995 | 4 |
| Studio | $1,950 | −$150 (-7.1%) | −$427 (-18.0%) | $1,950 – $1,950 | 1 |
| 1BR | $1,675 | −$439 (-20.8%) | −$97 (-5.5%) | $1,675 – $1,675 | 1 |
| 1BR | $2,395 | +$281 (+13.3%) | +$623 (+35.1%) | $2,395 – $2,495 | 5 |
| 2BR | $2,250 | −$945 (-29.6%) | −$2,250 (-50.0%) | $2,225 – $2,275 | 3 |
| 2BR | $2,200 | −$995 (-31.1%) | −$2,300 (-51.1%) | $2,200 – $2,200 | 1 |
| 3BR | $4,200 | −$1,400 (-25.0%) | −$525 (-11.1%) | $4,200 – $4,200 | 1 |
| 3BR | $4,550 | −$1,050 (-18.8%) | −$175 (-3.7%) | $4,375 – $4,950 | 7 |
| 4BR | $6,499 | +$500 (+8.3%) | +$1,549 (+31.3%) | $6,499 – $12,500 | 6 |
| 4BR | $6,499 | +$500 (+8.3%) | +$1,549 (+31.3%) | $6,499 – $10,500 | 3 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — December 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,995 | $1,750 | +$245 (+14.0%) |
| Studio | $1,950 | $1,750 | +$200 (+11.4%) |
| 1BR | $1,675 | $2,129 | −$454 (-21.3%) |
| 1BR | $2,395 | $2,129 | +$266 (+12.5%) |
| 2BR | $2,250 | $2,795 | −$545 (-19.5%) |
| 2BR | $2,200 | $2,795 | −$595 (-21.3%) |
| 3BR | $4,200 | $3,923 | +$278 (+7.1%) |
| 3BR | $4,550 | $3,923 | +$628 (+16.0%) |
| 4BR | $6,499 | $4,750 | +$1,749 (+36.8%) |
| 4BR | $6,499 | $4,750 | +$1,749 (+36.8%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.