Monthly Rent Report
Sherman Oaks Rent Report — December 2023
Asking rents in ZIP 91403, Los Angeles, from 265 listings.
Median 1BR rent in Sherman Oaks was $2,495 in December 2023, up 10.9% (+$245) from November 2023 and up 25.1% year-over-year. The middle half of 1BR listings asked between $2,495 and $2,495. That puts Sherman Oaks $366 above the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 265 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,851 | +$153 (+9.0%) | −$46 (-2.4%) | $1,638 – $1,971 | 27 |
| Studio | $1,872 | +$174 (+10.2%) | −$25 (-1.3%) | $1,867 – $1,877 | 2 |
| 1BR | $2,495 | +$245 (+10.9%) | +$500 (+25.1%) | $2,495 – $2,495 | 1 |
| 1BR | $2,445 | +$195 (+8.7%) | +$450 (+22.6%) | $2,412 – $2,492 | 4 |
| 1BR | $2,350 | +$100 (+4.4%) | +$355 (+17.8%) | $2,350 – $2,350 | 1 |
| 2BR | $2,775 | −$25 (-0.9%) | −$175 (-5.9%) | $2,610 – $3,295 | 191 |
| 2BR | $2,495 | −$305 (-10.9%) | −$455 (-15.4%) | $2,495 – $2,495 | 1 |
| 2BR | $2,864 | +$64 (+2.3%) | −$86 (-2.9%) | $2,699 – $3,226 | 7 |
| 3BR | $3,495 | −$3,405 (-49.3%) | −$2,355 (-40.3%) | $3,495 – $3,495 | 1 |
| 3BR | $9,000 | +$2,100 (+30.4%) | +$3,150 (+53.8%) | $9,000 – $9,000 | 3 |
| 4BR | $17,995 | +$4,045 (+29.0%) | +$10,495 (+139.9%) | $17,995 – $17,995 | 1 |
| 4BR | $17,995 | +$4,045 (+29.0%) | +$10,495 (+139.9%) | $17,995 – $17,995 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — December 2023
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,851 | $1,750 | +$101 (+5.8%) |
| Studio | $1,872 | $1,750 | +$122 (+7.0%) |
| 1BR | $2,495 | $2,129 | +$366 (+17.2%) |
| 1BR | $2,445 | $2,129 | +$316 (+14.8%) |
| 1BR | $2,350 | $2,129 | +$221 (+10.4%) |
| 2BR | $2,775 | $2,795 | −$20 (-0.7%) |
| 2BR | $2,495 | $2,795 | −$300 (-10.7%) |
| 2BR | $2,864 | $2,795 | +$69 (+2.5%) |
| 3BR | $3,495 | $3,923 | −$427 (-10.9%) |
| 3BR | $9,000 | $3,923 | +$5,078 (+129.4%) |
| 4BR | $17,995 | $4,750 | +$13,245 (+278.8%) |
| 4BR | $17,995 | $4,750 | +$13,245 (+278.8%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.