Monthly Rent Report
Burbank Rent Report — May 2024
Asking rents in ZIP 91506, Los Angeles, from 207 listings.
Median 1BR rent in Burbank was $2,000 in May 2024, down 4.5% (−$95) from April 2024 and up 9.6% year-over-year. The middle half of 1BR listings asked between $1,850 and $2,500. That puts Burbank $95 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 207 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,000 | +$13 (+0.6%) | +$405 (+25.4%) | $1,662 – $2,215 | 35 |
| Studio | $1,500 | −$487 (-24.5%) | −$95 (-6.0%) | $1,500 – $1,500 | 1 |
| 1BR | $2,000 | −$95 (-4.5%) | +$175 (+9.6%) | $1,850 – $2,500 | 51 |
| 1BR | $1,995 | −$100 (-4.8%) | +$170 (+9.3%) | $1,995 – $1,995 | 2 |
| 2BR | $3,450 | +$650 (+23.2%) | +$600 (+21.1%) | $3,450 – $3,450 | 1 |
| 2BR | $3,850 | +$1,050 (+37.5%) | +$1,000 (+35.1%) | $3,150 – $4,000 | 41 |
| 3BR | $6,350 | +$3,850 (+154.0%) | +$350 (+5.8%) | $6,350 – $6,350 | 1 |
| 3BR | $3,945 | +$1,445 (+57.8%) | −$2,055 (-34.3%) | $3,295 – $4,975 | 73 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — May 2024
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,000 | $1,795 | +$205 (+11.4%) |
| Studio | $1,500 | $1,795 | −$295 (-16.4%) |
| 1BR | $2,000 | $2,095 | −$95 (-4.5%) |
| 1BR | $1,995 | $2,095 | −$100 (-4.8%) |
| 2BR | $3,450 | $2,850 | +$600 (+21.1%) |
| 2BR | $3,850 | $2,850 | +$1,000 (+35.1%) |
| 3BR | $6,350 | $3,969 | +$2,382 (+60.0%) |
| 3BR | $3,945 | $3,969 | −$23 (-0.6%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.