Monthly Rent Report
Sherman Oaks Rent Report — August 2024
Asking rents in ZIP 91403, Los Angeles, from 24 listings.
Median 1BR rent in Sherman Oaks was $2,195 in August 2024, up 4.5% (+$96) from July 2024 and up 4.8% year-over-year. The middle half of 1BR listings asked between $2,195 and $2,195. That puts Sherman Oaks $100 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 24 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,300 | −$558 (-30.0%) | −$677 (-34.2%) | $1,300 – $1,300 | 1 |
| 1BR | $2,195 | +$96 (+4.5%) | +$100 (+4.8%) | $2,195 – $2,195 | 1 |
| 1BR | $2,360 | +$261 (+12.4%) | +$265 (+12.6%) | $2,128 – $2,390 | 3 |
| 2BR | $2,595 | −$655 (-20.2%) | −$257 (-9.0%) | $2,595 – $2,595 | 1 |
| 3BR | $3,450 | −$5,050 (-59.4%) | −$222 (-6.1%) | $3,450 – $3,450 | 1 |
| 4BR | $13,000 | +$3,753 (+40.6%) | +$6,505 (+100.2%) | $7,500 – $13,500 | 13 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — August 2024
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,300 | $1,750 | −$450 (-25.7%) |
| 1BR | $2,195 | $2,095 | +$100 (+4.8%) |
| 1BR | $2,360 | $2,095 | +$265 (+12.6%) |
| 2BR | $2,595 | $2,795 | −$200 (-7.2%) |
| 3BR | $3,450 | $4,000 | −$550 (-13.8%) |
| 4BR | $13,000 | $4,895 | +$8,105 (+165.6%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.