Monthly Rent Report
Sherman Oaks Rent Report — February 2024
Asking rents in ZIP 91403, Los Angeles, from 486 listings.
Median 1BR rent in Sherman Oaks was $2,384 in February 2024, down 0.3% (−$8) from January 2024 and up 23.2% year-over-year. The middle half of 1BR listings asked between $2,344 and $2,409. That puts Sherman Oaks $189 above the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 486 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,874 | −$72 (-3.7%) | −$237 (-11.2%) | $1,868 – $1,920 | 4 |
| Studio | $1,795 | −$151 (-7.8%) | −$316 (-15.0%) | $1,595 – $1,964 | 24 |
| 1BR | $2,384 | −$8 (-0.3%) | +$449 (+23.2%) | $2,344 – $2,409 | 21 |
| 1BR | $2,294 | −$98 (-4.1%) | +$359 (+18.6%) | $2,057 – $2,521 | 84 |
| 1BR | $1,995 | −$397 (-16.6%) | +$60 (+3.1%) | $1,995 – $1,995 | 1 |
| 2BR | $2,887 | +$89 (+3.2%) | −$58 (-2.0%) | $2,699 – $3,168 | 35 |
| 2BR | $2,895 | +$97 (+3.5%) | −$50 (-1.7%) | $2,600 – $3,430 | 197 |
| 2BR | $5,950 | +$3,152 (+112.7%) | +$3,005 (+102.0%) | $5,950 – $5,950 | 1 |
| 3BR | $5,700 | −$200 (-3.4%) | +$1,205 (+26.8%) | $4,350 – $6,475 | 55 |
| 3BR | $5,995 | +$95 (+1.6%) | +$1,500 (+33.4%) | $5,995 – $5,995 | 1 |
| 4BR | $9,500 | +$2,305 (+32.0%) | −$1,000 (-9.5%) | $9,500 – $9,500 | 1 |
| 4BR | $11,995 | +$4,800 (+66.7%) | +$1,495 (+14.2%) | $9,500 – $13,248 | 31 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — February 2024
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,874 | $1,750 | +$125 (+7.1%) |
| Studio | $1,795 | $1,750 | +$46 (+2.6%) |
| 1BR | $2,384 | $2,195 | +$189 (+8.6%) |
| 1BR | $2,294 | $2,195 | +$99 (+4.5%) |
| 1BR | $1,995 | $2,195 | −$200 (-9.1%) |
| 2BR | $2,887 | $2,850 | +$37 (+1.3%) |
| 2BR | $2,895 | $2,850 | +$45 (+1.6%) |
| 2BR | $5,950 | $2,850 | +$3,100 (+108.8%) |
| 3BR | $5,700 | $3,995 | +$1,705 (+42.7%) |
| 3BR | $5,995 | $3,995 | +$2,000 (+50.1%) |
| 4BR | $9,500 | $5,000 | +$4,500 (+90.0%) |
| 4BR | $11,995 | $5,000 | +$6,995 (+139.9%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.