Monthly Rent Report
Sherman Oaks Rent Report — July 2023
Asking rents in ZIP 91403, Los Angeles, from 82 listings.
Median 1BR rent in Sherman Oaks was $2,195 in July 2023, down 4.4% (−$100) from June 2023 and unchanged year-over-year. The middle half of 1BR listings asked between $1,998 and $2,298. That puts Sherman Oaks $70 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 82 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,032 | −$1,263 (-38.3%) | −$379 (-15.7%) | $1,920 – $2,104 | 6 |
| Studio | $1,950 | −$1,345 (-40.8%) | −$461 (-19.1%) | $1,950 – $1,950 | 1 |
| 1BR | $2,195 | −$100 (-4.4%) | $0 (0.0%) | $1,998 – $2,298 | 29 |
| 1BR | $1,995 | −$300 (-13.1%) | −$200 (-9.1%) | $1,995 – $1,995 | 2 |
| 2BR | $3,000 | +$805 (+36.7%) | −$2,245 (-42.8%) | $3,000 – $3,000 | 1 |
| 2BR | $2,885 | +$690 (+31.4%) | −$2,360 (-45.0%) | $2,695 – $3,325 | 27 |
| 3BR | $3,700 | −$1,183 (-24.2%) | −$1,295 (-25.9%) | $3,147 – $4,513 | 7 |
| 3BR | $2,400 | −$2,483 (-50.9%) | −$2,595 (-52.0%) | $2,400 – $2,400 | 1 |
| 4BR | $6,973 | −$1,527 (-18.0%) | −$1,527 (-18.0%) | $6,000 – $7,871 | 4 |
| 4BR | $7,990 | −$510 (-6.0%) | −$510 (-6.0%) | $7,990 – $7,990 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — July 2023
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,032 | $1,800 | +$232 (+12.9%) |
| Studio | $1,950 | $1,800 | +$150 (+8.3%) |
| 1BR | $2,195 | $2,125 | +$70 (+3.3%) |
| 1BR | $1,995 | $2,125 | −$130 (-6.1%) |
| 2BR | $3,000 | $2,873 | +$127 (+4.4%) |
| 2BR | $2,885 | $2,873 | +$12 (+0.4%) |
| 3BR | $3,700 | $3,836 | −$136 (-3.5%) |
| 3BR | $2,400 | $3,836 | −$1,436 (-37.4%) |
| 4BR | $6,973 | $4,572 | +$2,401 (+52.5%) |
| 4BR | $7,990 | $4,572 | +$3,418 (+74.8%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.