Monthly Rent Report
Sherman Oaks Rent Report — August 2023
Asking rents in ZIP 91403, Los Angeles, from 111 listings.
Median 1BR rent in Sherman Oaks was $2,095 in August 2023, down 4.6% (−$100) from July 2023 and up 5.0% year-over-year. The middle half of 1BR listings asked between $2,095 and $2,095. That puts Sherman Oaks in line with the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 111 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,977 | −$55 (-2.7%) | −$120 (-5.7%) | $1,952 – $2,077 | 6 |
| Studio | $1,895 | −$137 (-6.7%) | −$202 (-9.6%) | $1,865 – $1,926 | 2 |
| 1BR | $2,095 | −$100 (-4.6%) | +$100 (+5.0%) | $2,095 – $2,095 | 1 |
| 1BR | $2,098 | −$97 (-4.4%) | +$103 (+5.2%) | $1,998 – $2,314 | 31 |
| 2BR | $2,852 | −$33 (-1.1%) | −$1,148 (-28.7%) | $2,539 – $3,166 | 2 |
| 2BR | $3,195 | +$310 (+10.7%) | −$805 (-20.1%) | $2,695 – $3,250 | 21 |
| 3BR | $5,995 | +$3,595 (+149.8%) | +$1,895 (+46.2%) | $5,995 – $5,995 | 1 |
| 3BR | $3,673 | +$1,273 (+53.0%) | −$427 (-10.4%) | $3,034 – $4,686 | 4 |
| 4BR | $6,495 | −$1,495 (-18.7%) | −$5,878 (-47.5%) | $6,495 – $6,495 | 1 |
| 4BR | $14,950 | +$6,960 (+87.1%) | +$2,577 (+20.8%) | $14,950 – $14,950 | 9 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — August 2023
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,977 | $1,775 | +$202 (+11.4%) |
| Studio | $1,895 | $1,775 | +$120 (+6.8%) |
| 1BR | $2,095 | $2,100 | −$5 (-0.2%) |
| 1BR | $2,098 | $2,100 | −$2 (-0.1%) |
| 2BR | $2,852 | $2,895 | −$43 (-1.5%) |
| 2BR | $3,195 | $2,895 | +$300 (+10.4%) |
| 3BR | $5,995 | $3,897 | +$2,098 (+53.8%) |
| 3BR | $3,673 | $3,897 | −$225 (-5.8%) |
| 4BR | $6,495 | $5,163 | +$1,333 (+25.8%) |
| 4BR | $14,950 | $5,163 | +$9,788 (+189.6%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.