Monthly Rent Report
Sherman Oaks Rent Report — November 2023
Asking rents in ZIP 91403, Los Angeles, from 499 listings.
Median 1BR rent in Sherman Oaks was $2,250 in November 2023, up 12.8% (+$255) from October 2023 and down 16.7% year-over-year. The middle half of 1BR listings asked between $1,998 and $2,395. That puts Sherman Oaks $125 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 499 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,698 | −$153 (-8.3%) | −$101 (-5.6%) | $1,548 – $1,844 | 23 |
| Studio | $1,942 | +$91 (+4.9%) | +$143 (+7.9%) | $1,933 – $1,951 | 2 |
| 1BR | $2,250 | +$255 (+12.8%) | −$450 (-16.7%) | $1,998 – $2,395 | 128 |
| 1BR | $2,150 | +$155 (+7.7%) | −$550 (-20.4%) | $2,084 – $2,187 | 12 |
| 2BR | $2,800 | +$5 (+0.2%) | −$100 (-3.4%) | $2,599 – $3,150 | 214 |
| 2BR | $2,771 | −$24 (-0.9%) | −$129 (-4.4%) | $2,639 – $3,190 | 3 |
| 2BR | $2,295 | −$500 (-17.9%) | −$605 (-20.9%) | $2,295 – $2,295 | 1 |
| 3BR | $8,500 | +$1,500 (+21.4%) | +$2,000 (+30.8%) | $8,500 – $8,500 | 1 |
| 3BR | $6,900 | −$100 (-1.4%) | +$400 (+6.2%) | $4,199 – $7,995 | 81 |
| 4BR | $13,950 | +$700 (+5.3%) | −$1,000 (-6.7%) | $13,450 – $14,450 | 3 |
| 4BR | $8,900 | −$4,350 (-32.8%) | −$6,050 (-40.5%) | $8,900 – $8,900 | 1 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — November 2023
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,698 | $1,775 | −$77 (-4.3%) |
| Studio | $1,942 | $1,775 | +$167 (+9.4%) |
| 1BR | $2,250 | $2,125 | +$125 (+5.9%) |
| 1BR | $2,150 | $2,125 | +$25 (+1.2%) |
| 2BR | $2,800 | $2,795 | +$5 (+0.2%) |
| 2BR | $2,771 | $2,795 | −$24 (-0.9%) |
| 2BR | $2,295 | $2,795 | −$500 (-17.9%) |
| 3BR | $8,500 | $3,950 | +$4,550 (+115.2%) |
| 3BR | $6,900 | $3,950 | +$2,950 (+74.7%) |
| 4BR | $13,950 | $4,994 | +$8,956 (+179.3%) |
| 4BR | $8,900 | $4,994 | +$3,906 (+78.2%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in November 2023.