Monthly Rent Report
Burbank Rent Report — August 2024
Asking rents in ZIP 91506, Los Angeles, from 10 listings.
Median 1BR rent in Burbank was $1,850 in August 2024, down 7.3% (−$145) from July 2024 and down 29.0% year-over-year. The middle half of 1BR listings asked between $1,850 and $1,850. That puts Burbank $245 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 10 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,500 | −$95 (-6.0%) | −$500 (-25.0%) | $1,500 – $1,500 | 1 |
| 1BR | $1,850 | −$145 (-7.3%) | −$755 (-29.0%) | $1,850 – $1,850 | 1 |
| 2BR | $3,950 | +$1,100 (+38.6%) | +$1,075 (+37.4%) | $3,950 – $3,950 | 1 |
| 3BR | $4,995 | −$900 (-15.3%) | +$1,200 (+31.6%) | $4,995 – $4,995 | 1 |
| 4BR | $6,173 | −$1,027 (-14.3%) | +$1,273 (+26.0%) | $5,920 – $6,350 | 6 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — August 2024
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,500 | $1,750 | −$250 (-14.3%) |
| 1BR | $1,850 | $2,095 | −$245 (-11.7%) |
| 2BR | $3,950 | $2,795 | +$1,155 (+41.3%) |
| 3BR | $4,995 | $4,000 | +$995 (+24.9%) |
| 4BR | $6,173 | $4,895 | +$1,278 (+26.1%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.