Monthly Rent Report
Sherman Oaks Rent Report — October 2023
Asking rents in ZIP 91403, Los Angeles, from 131 listings.
Median 1BR rent in Sherman Oaks was $2,245 in October 2023, up 0.9% (+$20) from September 2023 and up 7.2% year-over-year. The middle half of 1BR listings asked between $1,995 and $2,495. That puts Sherman Oaks $248 above the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 131 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,622 | −$778 (-32.4%) | −$528 (-24.6%) | $1,584 – $1,661 | 2 |
| Studio | $1,852 | −$548 (-22.9%) | −$299 (-13.9%) | $1,839 – $1,864 | 2 |
| 1BR | $2,245 | +$20 (+0.9%) | +$150 (+7.2%) | $1,995 – $2,495 | 18 |
| 1BR | $1,995 | −$230 (-10.3%) | −$100 (-4.8%) | $1,995 – $1,995 | 1 |
| 2BR | $5,475 | +$2,580 (+89.1%) | +$2,713 (+98.2%) | $4,213 – $6,738 | 2 |
| 2BR | $2,795 | −$100 (-3.5%) | +$33 (+1.2%) | $2,565 – $3,300 | 31 |
| 3BR | $7,000 | +$1,005 (+16.8%) | +$2,600 (+59.1%) | $4,000 – $8,000 | 23 |
| 3BR | $5,995 | $0 (0.0%) | +$1,595 (+36.3%) | $5,995 – $5,995 | 1 |
| 4BR | $13,250 | +$1,025 (+8.4%) | +$4,255 (+47.3%) | $9,300 – $19,995 | 26 |
| 4BR | $6,995 | −$5,230 (-42.8%) | −$2,000 (-22.2%) | $6,995 – $6,995 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — October 2023
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,622 | $1,700 | −$78 (-4.6%) |
| Studio | $1,852 | $1,700 | +$152 (+8.9%) |
| 1BR | $2,245 | $1,998 | +$248 (+12.4%) |
| 1BR | $1,995 | $1,998 | −$2 (-0.1%) |
| 2BR | $5,475 | $2,750 | +$2,725 (+99.1%) |
| 2BR | $2,795 | $2,750 | +$45 (+1.6%) |
| 3BR | $7,000 | $4,195 | +$2,805 (+66.9%) |
| 3BR | $5,995 | $4,195 | +$1,800 (+42.9%) |
| 4BR | $13,250 | $5,275 | +$7,975 (+151.2%) |
| 4BR | $6,995 | $5,275 | +$1,720 (+32.6%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.