Monthly Rent Report
Sherman Oaks Rent Report — January 2024
Asking rents in ZIP 91403, Los Angeles, from 206 listings.
Median 1BR rent in Sherman Oaks was $2,223 in January 2024, down 10.9% (−$272) from December 2023 and up 1.2% year-over-year. The middle half of 1BR listings asked between $1,997 and $2,630. That puts Sherman Oaks $126 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 206 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,947 | +$96 (+5.2%) | +$52 (+2.7%) | $1,872 – $2,019 | 4 |
| Studio | $2,750 | +$899 (+48.6%) | +$855 (+45.1%) | $1,595 – $2,750 | 5 |
| 1BR | $2,223 | −$272 (-10.9%) | +$27 (+1.2%) | $1,997 – $2,630 | 36 |
| 1BR | $1,795 | −$700 (-28.1%) | −$401 (-18.3%) | $1,795 – $1,795 | 1 |
| 1BR | $2,392 | −$103 (-4.1%) | +$196 (+8.9%) | $2,309 – $2,462 | 10 |
| 2BR | $2,525 | −$250 (-9.0%) | −$470 (-15.7%) | $2,525 – $2,525 | 1 |
| 2BR | $2,798 | +$23 (+0.8%) | −$197 (-6.6%) | $2,599 – $3,395 | 77 |
| 2BR | $2,965 | +$190 (+6.8%) | −$30 (-1.0%) | $2,798 – $3,378 | 14 |
| 3BR | $6,495 | +$3,000 (+85.8%) | +$1,935 (+42.4%) | $6,495 – $6,495 | 1 |
| 3BR | $5,900 | +$2,405 (+68.8%) | +$1,340 (+29.4%) | $5,821 – $8,413 | 22 |
| 4BR | $7,195 | −$10,800 (-60.0%) | −$1,755 (-19.6%) | $7,195 – $7,195 | 1 |
| 4BR | $11,300 | −$6,695 (-37.2%) | +$2,350 (+26.3%) | $10,099 – $11,300 | 22 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — January 2024
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,947 | $1,750 | +$197 (+11.2%) |
| Studio | $2,750 | $1,750 | +$1,000 (+57.1%) |
| 1BR | $2,223 | $2,097 | +$126 (+6.0%) |
| 1BR | $1,795 | $2,097 | −$301 (-14.4%) |
| 1BR | $2,392 | $2,097 | +$296 (+14.1%) |
| 2BR | $2,525 | $2,795 | −$270 (-9.7%) |
| 2BR | $2,798 | $2,795 | +$3 (+0.1%) |
| 2BR | $2,965 | $2,795 | +$170 (+6.1%) |
| 3BR | $6,495 | $3,950 | +$2,545 (+64.4%) |
| 3BR | $5,900 | $3,950 | +$1,950 (+49.4%) |
| 4BR | $7,195 | $5,200 | +$1,995 (+38.4%) |
| 4BR | $11,300 | $5,200 | +$6,100 (+117.3%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in January 2024.