Monthly Rent Report
Sherman Oaks Rent Report — June 2023
Asking rents in ZIP 91403, Los Angeles, from 124 listings.
Median 1BR rent in Sherman Oaks was $1,945 in June 2023, down 15.3% (−$350) from May 2023 and down 32.0% year-over-year. The middle half of 1BR listings asked between $1,945 and $1,945. That puts Sherman Oaks $155 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 124 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,016 | +$621 (+44.5%) | +$18 (+0.9%) | $1,871 – $2,179 | 8 |
| Studio | $3,295 | +$1,900 (+136.2%) | +$1,297 (+64.9%) | $3,295 – $3,295 | 1 |
| 1BR | $1,945 | −$350 (-15.3%) | −$915 (-32.0%) | $1,945 – $1,945 | 1 |
| 1BR | $2,295 | $0 (0.0%) | −$565 (-19.8%) | $2,095 – $2,448 | 29 |
| 2BR | $3,198 | −$552 (-14.7%) | +$253 (+8.6%) | $2,929 – $3,312 | 40 |
| 2BR | $2,195 | −$1,555 (-41.5%) | −$750 (-25.5%) | $2,195 – $2,195 | 1 |
| 3BR | $4,300 | −$1,200 (-21.8%) | −$3,950 (-47.9%) | $4,300 – $4,300 | 1 |
| 3BR | $4,884 | −$616 (-11.2%) | −$3,366 (-40.8%) | $3,900 – $6,425 | 20 |
| 4BR | $7,495 | −$500 (-6.3%) | −$10,005 (-57.2%) | $6,000 – $9,900 | 11 |
| 4BR | $8,500 | +$505 (+6.3%) | −$9,000 (-51.4%) | $8,500 – $8,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — June 2023
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,016 | $1,758 | +$258 (+14.6%) |
| Studio | $3,295 | $1,758 | +$1,537 (+87.4%) |
| 1BR | $1,945 | $2,100 | −$155 (-7.4%) |
| 1BR | $2,295 | $2,100 | +$195 (+9.3%) |
| 2BR | $3,198 | $2,900 | +$298 (+10.3%) |
| 2BR | $2,195 | $2,900 | −$705 (-24.3%) |
| 3BR | $4,300 | $3,850 | +$450 (+11.7%) |
| 3BR | $4,884 | $3,850 | +$1,034 (+26.8%) |
| 4BR | $7,495 | $5,100 | +$2,395 (+47.0%) |
| 4BR | $8,500 | $5,100 | +$3,400 (+66.7%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in June 2023.