Monthly Rent Report
Sherman Oaks Rent Report — March 2024
Asking rents in ZIP 91403, Los Angeles, from 455 listings.
Median 1BR rent in Sherman Oaks was $2,308 in March 2024, up 0.6% (+$14) from February 2024 and up 25.1% year-over-year. The middle half of 1BR listings asked between $2,100 and $2,400. That puts Sherman Oaks $163 above the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 455 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,854 | +$59 (+3.3%) | −$277 (-13.0%) | $1,745 – $2,046 | 15 |
| Studio | $1,995 | +$200 (+11.1%) | −$136 (-6.4%) | $1,935 – $2,056 | 2 |
| 1BR | $2,308 | +$14 (+0.6%) | +$463 (+25.1%) | $2,100 – $2,400 | 79 |
| 1BR | $1,873 | −$421 (-18.4%) | +$28 (+1.5%) | $1,834 – $1,911 | 2 |
| 1BR | $2,462 | +$168 (+7.3%) | +$617 (+33.4%) | $2,399 – $2,507 | 9 |
| 2BR | $2,800 | −$95 (-3.3%) | +$405 (+16.9%) | $2,800 – $2,800 | 1 |
| 2BR | $2,799 | −$96 (-3.3%) | +$404 (+16.9%) | $2,514 – $2,850 | 9 |
| 2BR | $2,850 | −$45 (-1.6%) | +$455 (+19.0%) | $2,609 – $3,271 | 146 |
| 3BR | $4,599 | −$1,101 (-19.3%) | −$551 (-10.7%) | $3,590 – $5,500 | 57 |
| 3BR | $3,473 | −$2,227 (-39.1%) | −$1,677 (-32.6%) | $3,334 – $3,611 | 2 |
| 4BR | $8,695 | −$3,300 (-27.5%) | −$1,805 (-17.2%) | $6,250 – $15,995 | 32 |
| 4BR | $8,900 | −$3,095 (-25.8%) | −$1,600 (-15.2%) | $6,550 – $12,250 | 42 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — March 2024
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,854 | $1,723 | +$132 (+7.6%) |
| Studio | $1,995 | $1,723 | +$273 (+15.8%) |
| 1BR | $2,308 | $2,145 | +$163 (+7.6%) |
| 1BR | $1,873 | $2,145 | −$272 (-12.7%) |
| 1BR | $2,462 | $2,145 | +$317 (+14.8%) |
| 2BR | $2,800 | $2,850 | −$50 (-1.8%) |
| 2BR | $2,799 | $2,850 | −$51 (-1.8%) |
| 2BR | $2,850 | $2,850 | $0 (0.0%) |
| 3BR | $4,599 | $3,762 | +$837 (+22.2%) |
| 3BR | $3,473 | $3,762 | −$289 (-7.7%) |
| 4BR | $8,695 | $4,950 | +$3,745 (+75.7%) |
| 4BR | $8,900 | $4,950 | +$3,950 (+79.8%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.