
Cheap Apartments for Rent in the Magnolia Park Neighborhood of Burbank, CA from $1,500 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the Magnolia Park area of Burbank.


202 N Florence St, Unit 202
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Madison Toluca
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Magnolia Park, Burbank, CA Local Guide

How much does it cost to rent an apartment in Magnolia Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Magnolia Park Studio Apartments | $1,800 | $1,800 | $1,800 |
| Magnolia Park 1 Bedroom Apartments | $2,213 | $2,050 | $2,495 |
| Magnolia Park 2 Bedroom Apartments | $2,998 | $2,616 | $3,900 |
| Magnolia Park 3 Bedroom Apartments | $3,312 | $3,077 | $3,437 |
Browse Apartments in this Neighborhood
There are currently 40 rentals with your search options within a 2 mile radius of the Magnolia Park Neighborhood of Burbank, CA.
See all Apartments in BurbankExplore Burbank
Magnolia Park, Burbank, CA Local Guide
- Nearby Burbank neighborhoods
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Cheapest Available Magnolia Park Apartments for Rent
 The cheapest available apartment rental in the Magnolia Park area of Los Angeles, CA is a 1 Bed unit found at Waterstone Media Center II priced from $2,330. Parc Pointe Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,395. Here are the most affordable Magnolia Park apartments for rent in Los Angeles, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterstone Media Center II | One Bedroom B | 1BR,1BA | $2,330 |
| Parc Pointe Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $2,395 |
| Madison Toluca | 2 Bed 2 Bath | 2BR,2BA | $2,616 |
| hol520 | 2BR/2.0BA | 2BR,2BA | $3,000 |
| 400 N Hollywood Way | 2x2xDen | 3BR,2BA | $3,395 |
Best Value Apartments for Rent in Magnolia Park, CA
As of November 07, 2025 the best value apartment in the Magnolia Park area is the $2.26 price per square foot 2x2xDen Model at 400 N Hollywood Way in the in the Toluca Woods neighborhood starting from $3,395. The second greatest value Magnolia Park apartment is the 3 Bed 2 Bath A Model at Madison Toluca starting at $3,354 with a $3.06 price per square foot in the Toluca Woods neighborhood. Here is today’s list of the best values for Magnolia Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 400 N Hollywood Way | 2x2xDen | 3BR,2BA | $2.26 |
| Madison Toluca | 3 Bed 2 Bath A | 3BR,2BA | $3.06 |
| hol520 | 2BR/2.0BA | 2BR,2BA | $3.00 |
| 504 N Rosemary Ln, Unit 504 | 504 N Rosemary Ln | 2BR,1BA | $4.88 |
| Waterstone Media Center II | One Bedroom A | 1BR,1BA | $3.35 |
| Parc Pointe Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $3.47 |
| 202 N Florence St, Unit 202 | 202 N Florence St | 1BR,1BA | $3.53 |
| 925 1/2 N Maple St, Unit 925 | 925 1/2 N Maple St | Studio ,1BA | $4.50 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleMagnolia Park, Burbank, CA
Ranked #10
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Magnolia Park Neighborhood in Burbank, CA
Walk Score®
84 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
82 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
39 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Magnolia Park Apartments
What is the price of a cheap apartment in Magnolia Park?
The cheapest apartment in Magnolia Park is Waterstone Media Center II which is listed at $2,330, while the average apartment in Magnolia Park costs $3,354.
What types of apartments are the cheapest in Magnolia Park?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4 regular apartments in Magnolia Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Magnolia Park?
Cheap apartments in Magnolia Park have an average cost of $1,897 which is $1,457 cheaper than the average rent for all rentals in Magnolia Park.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

The 10 Best Affordable Neighborhoods in Los Angeles, CA
Written by: Rachel Presser
Los Angeles is a vast and vibrant city where modernity meets more than a century of fascinating history, in addition to being a global bastion for the entertainment industry and the arts.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.




































