Monthly Rent Report
Sherman Oaks Rent Report — May 2023
Asking rents in ZIP 91403, Los Angeles, from 216 listings.
Median 1BR rent in Sherman Oaks was $2,295 in May 2023, up 4.4% (+$97) from April 2023 and down 4.2% year-over-year. The middle half of 1BR listings asked between $2,100 and $2,398. That puts Sherman Oaks $173 above the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 216 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,083 | +$37 (+1.8%) | +$49 (+2.4%) | $1,995 – $2,202 | 16 |
| Studio | $1,395 | −$651 (-31.8%) | −$639 (-31.4%) | $1,395 – $1,395 | 1 |
| 1BR | $2,295 | +$97 (+4.4%) | −$100 (-4.2%) | $2,100 – $2,398 | 59 |
| 1BR | $2,795 | +$597 (+27.2%) | +$400 (+16.7%) | $2,795 – $2,795 | 1 |
| 2BR | $3,750 | +$951 (+34.0%) | +$600 (+19.0%) | $3,750 – $3,750 | 1 |
| 2BR | $2,988 | +$189 (+6.7%) | −$162 (-5.2%) | $2,695 – $3,446 | 72 |
| 3BR | $5,585 | +$1,635 (+41.4%) | +$235 (+4.4%) | $5,585 – $5,585 | 1 |
| 3BR | $5,500 | +$1,550 (+39.2%) | +$150 (+2.8%) | $4,075 – $6,499 | 32 |
| 4BR | $8,995 | $0 (0.0%) | −$1,753 (-16.3%) | $8,995 – $8,995 | 1 |
| 4BR | $7,995 | −$1,000 (-11.1%) | −$2,753 (-25.6%) | $5,988 – $8,995 | 15 |
| 4BR | $6,000 | −$2,995 (-33.3%) | −$4,748 (-44.2%) | $6,000 – $6,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — May 2023
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,083 | $1,750 | +$333 (+19.0%) |
| Studio | $1,395 | $1,750 | −$355 (-20.3%) |
| 1BR | $2,295 | $2,122 | +$173 (+8.2%) |
| 1BR | $2,795 | $2,122 | +$673 (+31.7%) |
| 2BR | $3,750 | $2,780 | +$970 (+34.9%) |
| 2BR | $2,988 | $2,780 | +$208 (+7.5%) |
| 3BR | $5,585 | $3,943 | +$1,643 (+41.7%) |
| 3BR | $5,500 | $3,943 | +$1,558 (+39.5%) |
| 4BR | $8,995 | $5,000 | +$3,995 (+79.9%) |
| 4BR | $7,995 | $5,000 | +$2,995 (+59.9%) |
| 4BR | $6,000 | $5,000 | +$1,000 (+20.0%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.