Monthly Rent Report
Sherman Oaks Rent Report — May 2024
Asking rents in ZIP 91403, Los Angeles, from 432 listings.
Median 1BR rent in Sherman Oaks was $2,073 in May 2024, up 12.0% (+$223) from April 2024 and down 25.8% year-over-year. The middle half of 1BR listings asked between $1,997 and $2,259. That puts Sherman Oaks in line with the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 432 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,220 | −$689 (-36.1%) | −$175 (-12.5%) | $1,220 – $1,220 | 1 |
| Studio | $1,933 | +$24 (+1.2%) | +$538 (+38.6%) | $1,850 – $1,995 | 21 |
| Studio | $1,863 | −$46 (-2.4%) | +$468 (+33.5%) | $1,808 – $1,951 | 9 |
| 1BR | $2,073 | +$223 (+12.0%) | −$722 (-25.8%) | $1,997 – $2,259 | 28 |
| 1BR | $2,150 | +$300 (+16.2%) | −$645 (-23.1%) | $1,983 – $2,350 | 103 |
| 1BR | $2,150 | +$300 (+16.2%) | −$645 (-23.1%) | $2,150 – $2,150 | 1 |
| 2BR | $2,847 | −$3 (-0.1%) | −$140 (-4.7%) | $2,500 – $3,403 | 24 |
| 2BR | $2,898 | +$48 (+1.7%) | −$90 (-3.0%) | $2,599 – $3,196 | 2 |
| 2BR | $2,969 | +$119 (+4.2%) | −$18 (-0.6%) | $2,695 – $3,500 | 109 |
| 3BR | $5,500 | −$250 (-4.3%) | $0 (0.0%) | $4,299 – $8,500 | 41 |
| 3BR | $5,389 | −$361 (-6.3%) | −$111 (-2.0%) | $4,450 – $6,475 | 25 |
| 3BR | $5,850 | +$100 (+1.7%) | +$350 (+6.4%) | $5,850 – $5,850 | 1 |
| 4BR | $9,850 | −$100 (-1.0%) | +$1,855 (+23.2%) | $6,300 – $10,500 | 37 |
| 4BR | $10,500 | +$550 (+5.5%) | +$2,505 (+31.3%) | $8,673 – $12,250 | 11 |
| 4BR | $6,500 | −$3,450 (-34.7%) | −$1,495 (-18.7%) | $6,500 – $6,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — May 2024
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,220 | $1,795 | −$575 (-32.0%) |
| Studio | $1,933 | $1,795 | +$138 (+7.7%) |
| Studio | $1,863 | $1,795 | +$68 (+3.8%) |
| 1BR | $2,073 | $2,095 | −$22 (-1.1%) |
| 1BR | $2,150 | $2,095 | +$55 (+2.6%) |
| 1BR | $2,150 | $2,095 | +$55 (+2.6%) |
| 2BR | $2,847 | $2,850 | −$3 (-0.1%) |
| 2BR | $2,898 | $2,850 | +$48 (+1.7%) |
| 2BR | $2,969 | $2,850 | +$119 (+4.2%) |
| 3BR | $5,500 | $3,969 | +$1,532 (+38.6%) |
| 3BR | $5,389 | $3,969 | +$1,421 (+35.8%) |
| 3BR | $5,850 | $3,969 | +$1,882 (+47.4%) |
| 4BR | $9,850 | $5,175 | +$4,675 (+90.3%) |
| 4BR | $10,500 | $5,175 | +$5,325 (+102.9%) |
| 4BR | $6,500 | $5,175 | +$1,325 (+25.6%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.