Monthly Rent Report
Sherman Oaks Rent Report — March 2023
Asking rents in ZIP 91423, Los Angeles, from 433 listings.
Median 1BR rent in Sherman Oaks was $1,995 in March 2023, down 16.9% (−$405) from February 2023. The middle half of 1BR listings asked between $1,995 and $2,035. That puts Sherman Oaks $102 below the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 433 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,095 | +$100 (+5.0%) | — | $2,044 – $2,107 | 16 |
| Studio | $2,045 | +$50 (+2.5%) | — | $1,845 – $2,099 | 6 |
| 1BR | $1,995 | −$405 (-16.9%) | — | $1,995 – $2,035 | 3 |
| 1BR | $2,295 | −$105 (-4.4%) | — | $1,995 – $2,650 | 141 |
| 2BR | $2,800 | −$215 (-7.1%) | — | $2,800 – $2,800 | 1 |
| 2BR | $2,950 | −$65 (-2.2%) | — | $2,596 – $3,304 | 150 |
| 3BR | $4,995 | +$1,695 (+51.4%) | — | $4,743 – $5,248 | 2 |
| 3BR | $4,000 | +$700 (+21.2%) | — | $2,998 – $4,490 | 53 |
| 4BR | $8,500 | +$4,205 (+97.9%) | — | $6,500 – $12,000 | 39 |
| 4BR | $7,000 | +$2,705 (+63.0%) | — | $7,000 – $7,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — March 2023
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,095 | $1,745 | +$350 (+20.1%) |
| Studio | $2,045 | $1,745 | +$300 (+17.2%) |
| 1BR | $1,995 | $2,097 | −$102 (-4.9%) |
| 1BR | $2,295 | $2,097 | +$198 (+9.5%) |
| 2BR | $2,800 | $2,750 | +$50 (+1.8%) |
| 2BR | $2,950 | $2,750 | +$200 (+7.3%) |
| 3BR | $4,995 | $3,923 | +$1,073 (+27.3%) |
| 3BR | $4,000 | $3,923 | +$78 (+2.0%) |
| 4BR | $8,500 | $4,760 | +$3,740 (+78.6%) |
| 4BR | $7,000 | $4,760 | +$2,240 (+47.1%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.