Monthly Rent Report
Sherman Oaks Rent Report — April 2024
Asking rents in ZIP 91403, Los Angeles, from 398 listings.
Median 1BR rent in Sherman Oaks was $1,850 in April 2024, down 19.8% (−$458) from March 2024 and down 7.3% year-over-year. The middle half of 1BR listings asked between $1,850 and $1,850. That puts Sherman Oaks $245 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 398 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,910 | +$56 (+3.0%) | −$185 (-8.9%) | $1,877 – $1,978 | 4 |
| Studio | $1,545 | −$309 (-16.7%) | −$550 (-26.3%) | $1,495 – $1,798 | 25 |
| 1BR | $1,850 | −$458 (-19.8%) | −$145 (-7.3%) | $1,850 – $1,850 | 1 |
| 1BR | $1,895 | −$413 (-17.9%) | −$100 (-5.0%) | $1,895 – $1,895 | 2 |
| 2BR | $2,850 | +$50 (+1.8%) | +$53 (+1.9%) | $2,599 – $3,100 | 169 |
| 2BR | $2,500 | −$300 (-10.7%) | −$297 (-10.6%) | $2,500 – $2,500 | 1 |
| 3BR | $5,750 | +$1,151 (+25.0%) | +$1,340 (+30.4%) | $5,750 – $5,750 | 1 |
| 3BR | $5,389 | +$790 (+17.2%) | +$979 (+22.2%) | $4,274 – $6,475 | 84 |
| 4BR | $9,950 | +$1,050 (+11.8%) | +$955 (+10.6%) | $6,500 – $11,995 | 21 |
| 4BR | $9,950 | +$1,050 (+11.8%) | +$955 (+10.6%) | $7,120 – $12,186 | 50 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — April 2024
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,910 | $1,795 | +$115 (+6.4%) |
| Studio | $1,545 | $1,795 | −$250 (-13.9%) |
| 1BR | $1,850 | $2,095 | −$245 (-11.7%) |
| 1BR | $1,895 | $2,095 | −$200 (-9.5%) |
| 2BR | $2,850 | $2,833 | +$17 (+0.6%) |
| 2BR | $2,500 | $2,833 | −$333 (-11.7%) |
| 3BR | $5,750 | $3,950 | +$1,800 (+45.6%) |
| 3BR | $5,389 | $3,950 | +$1,439 (+36.4%) |
| 4BR | $9,950 | $4,999 | +$4,951 (+99.0%) |
| 4BR | $9,950 | $4,999 | +$4,951 (+99.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in April 2024.