Burbank Apartments: The Gap Between Size and Rent - Burbank - 1

For those considering a move to Burbank, the first question that likely comes to mind is how much more rent will increase if an extra room is added. In a city where the rent difference between a studio and a 3-bedroom can exceed $2,700, having answers to this question in advance can greatly assist in budget planning.

The average rent for a studio in Burbank is $2,057, with a size of 492 square feet. A 1-bedroom averages $2,484 for 694 square feet, a 2-bedroom is $3,471 for 1,014 square feet, and a 3-bedroom is $4,797 for 1,348 square feet. Due to the area's concentration of media studios and entertainment industry jobs, rental prices are relatively high compared to nearby cities in Los Angeles.

  • Studio: $2,057 / 492 square feet
  • 1-bedroom: $2,484 / 694 square feet
  • 2-bedroom: $3,471 / 1,014 square feet
  • 3-bedroom: $4,797 / 1,348 square feet

The most commonly available units are studios and 1-bedrooms. Many individuals working in broadcasting and film live alone or stay for short-term projects, leading to a trend of new constructions focusing on smaller units. Conversely, there is a limited supply of 2-bedrooms and especially 3-bedrooms, which may take longer to find for families considering a move.

Different types of units attract different renters. Studios and 1-bedrooms are popular among entertainment industry workers and single professionals, while 2-bedrooms are sought after by roommates or families with young children. 3-bedrooms attract families with multiple children or Korean households looking to share rent.

The largest rent gap occurs when moving from a 1-bedroom to a 2-bedroom. The increase is nearly $1,000, which seems to correlate with the shortage of 2-bedrooms or larger within Burbank. For those contemplating whether an extra room would be beneficial, knowing this gap in advance can help expedite budget adjustments.

When Korean families choose a unit in Burbank, it's advisable to consider the distance to work and school districts. Given the high rental burden in the city, if you desire a 2-bedroom or larger, expanding your search to nearby Glendale or North Hollywood can be a good strategy.

Before signing a lease, it's recommended to check the latest market rates on rentcafe.com and zumper.com, and to keep in mind that the unit composition ratios can vary by complex.