Monthly Rent Report
Burbank Rent Report — March 2024
Asking rents in ZIP 91506, Los Angeles, from 184 listings.
Median 1BR rent in Burbank was $1,700 in March 2024, down 25.9% (−$595) from February 2024 and down 16.0% year-over-year. The middle half of 1BR listings asked between $1,700 and $1,700. That puts Burbank $445 below the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 184 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,975 | +$425 (+27.4%) | −$20 (-1.0%) | $1,695 – $2,235 | 24 |
| Studio | $1,673 | +$123 (+7.9%) | −$322 (-16.1%) | $1,673 – $1,673 | 2 |
| 1BR | $1,700 | −$595 (-25.9%) | −$325 (-16.0%) | $1,700 – $1,700 | 1 |
| 1BR | $2,495 | +$200 (+8.7%) | +$470 (+23.2%) | $2,161 – $2,939 | 42 |
| 2BR | $3,300 | +$905 (+37.8%) | −$125 (-3.6%) | $2,595 – $4,000 | 18 |
| 2BR | $2,700 | +$305 (+12.7%) | −$725 (-21.2%) | $2,700 – $2,998 | 3 |
| 3BR | $3,945 | $0 (0.0%) | +$650 (+19.7%) | $3,296 – $4,900 | 42 |
| 3BR | $3,945 | $0 (0.0%) | +$650 (+19.7%) | $3,295 – $3,945 | 49 |
| 4BR | $4,750 | −$250 (-5.0%) | −$9,750 (-67.2%) | $4,750 – $4,750 | 2 |
| 4BR | $4,750 | −$250 (-5.0%) | −$9,750 (-67.2%) | $4,750 – $4,750 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — March 2024
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,975 | $1,723 | +$253 (+14.7%) |
| Studio | $1,673 | $1,723 | −$49 (-2.9%) |
| 1BR | $1,700 | $2,145 | −$445 (-20.7%) |
| 1BR | $2,495 | $2,145 | +$350 (+16.3%) |
| 2BR | $3,300 | $2,850 | +$450 (+15.8%) |
| 2BR | $2,700 | $2,850 | −$150 (-5.3%) |
| 3BR | $3,945 | $3,762 | +$183 (+4.9%) |
| 3BR | $3,945 | $3,762 | +$183 (+4.9%) |
| 4BR | $4,750 | $4,950 | −$200 (-4.0%) |
| 4BR | $4,750 | $4,950 | −$200 (-4.0%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.