$3,100 Per Month
- 2 Beds
- 2 Baths
- 900 Sq Ft
- Condo for Rent
624 N Toluca Park Dr Unit E, Burbank, CA 91505
624 N Toluca Park Dr Unit E, Burbank, CA 91505
Frequently Asked Questions
How much does it cost to rent a condo in Burbank, CA?
The median rent for a condo in Burbank, CA is $2,898 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Burbank, CA?
To comfortably afford the median rent in Burbank, CA, a household needs to earn roughly $118,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,950 per month in Burbank, CA, renters typically need to show $8,850 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Burbank, CA?
In Burbank, CA, the price-to-rent ratio is 33.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Burbank, CA are best for renting a condo?
The best neighborhood for renting in Burbank, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Chandler Park, Downtown Burbank, Hillside District, Rancho Adjacent and Media District, each with its own character and price range.
