Monthly Rent Report
Sherman Oaks Rent Report — April 2023
Asking rents in ZIP 91423, Los Angeles, from 368 listings.
Median 1BR rent in Sherman Oaks was $2,295 in April 2023, up 15.0% (+$300) from March 2023 and up 21.1% year-over-year. The middle half of 1BR listings asked between $1,995 and $2,595. That puts Sherman Oaks $198 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 368 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,070 | −$25 (-1.2%) | +$470 (+29.4%) | $1,795 – $2,095 | 12 |
| Studio | $2,070 | −$25 (-1.2%) | +$470 (+29.4%) | $1,795 – $2,095 | 12 |
| 1BR | $2,295 | +$300 (+15.0%) | +$400 (+21.1%) | $1,995 – $2,595 | 139 |
| 1BR | $2,300 | +$305 (+15.3%) | +$405 (+21.4%) | $2,225 – $2,375 | 2 |
| 1BR | $1,995 | $0 (0.0%) | +$100 (+5.3%) | $1,995 – $2,010 | 3 |
| 2BR | $3,195 | +$395 (+14.1%) | +$400 (+14.3%) | $3,048 – $3,195 | 3 |
| 2BR | $2,995 | +$195 (+7.0%) | +$200 (+7.2%) | $2,675 – $3,351 | 136 |
| 3BR | $4,300 | +$300 (+7.5%) | +$603 (+16.3%) | $4,300 – $4,300 | 1 |
| 3BR | $4,150 | +$150 (+3.8%) | +$453 (+12.2%) | $3,450 – $7,500 | 32 |
| 4BR | $7,450 | −$1,050 (-12.4%) | −$2,545 (-25.5%) | $6,500 – $10,499 | 13 |
| 4BR | $6,500 | −$2,000 (-23.5%) | −$3,495 (-35.0%) | $6,500 – $6,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — April 2023
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,070 | $1,775 | +$295 (+16.6%) |
| Studio | $2,070 | $1,775 | +$295 (+16.6%) |
| 1BR | $2,295 | $2,097 | +$198 (+9.5%) |
| 1BR | $2,300 | $2,097 | +$203 (+9.7%) |
| 1BR | $1,995 | $2,097 | −$102 (-4.9%) |
| 2BR | $3,195 | $2,795 | +$400 (+14.3%) |
| 2BR | $2,995 | $2,795 | +$200 (+7.2%) |
| 3BR | $4,300 | $3,895 | +$405 (+10.4%) |
| 3BR | $4,150 | $3,895 | +$255 (+6.5%) |
| 4BR | $7,450 | $4,970 | +$2,480 (+49.9%) |
| 4BR | $6,500 | $4,970 | +$1,530 (+30.8%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in April 2023.