Monthly Rent Report
Sherman Oaks Rent Report — May 2023
Asking rents in ZIP 91423, Los Angeles, from 259 listings.
Median 1BR rent in Sherman Oaks was $2,450 in May 2023, up 6.8% (+$155) from April 2023 and up 4.5% year-over-year. The middle half of 1BR listings asked between $2,119 and $2,650. That puts Sherman Oaks $328 above the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 259 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,795 | −$275 (-13.3%) | +$200 (+12.5%) | $1,724 – $2,009 | 10 |
| Studio | $1,650 | −$420 (-20.3%) | +$55 (+3.4%) | $1,650 – $1,650 | 1 |
| 1BR | $2,450 | +$155 (+6.8%) | +$105 (+4.5%) | $2,119 – $2,650 | 76 |
| 1BR | $1,945 | −$350 (-15.3%) | −$400 (-17.1%) | $1,920 – $1,970 | 2 |
| 2BR | $3,030 | +$35 (+1.2%) | +$235 (+8.4%) | $2,675 – $3,350 | 93 |
| 2BR | $3,110 | +$115 (+3.8%) | +$315 (+11.3%) | $3,068 – $3,153 | 2 |
| 3BR | $8,600 | +$4,450 (+107.2%) | +$4,650 (+117.7%) | $6,598 – $8,775 | 3 |
| 3BR | $4,190 | +$40 (+1.0%) | +$240 (+6.1%) | $3,495 – $4,190 | 43 |
| 4BR | $7,675 | +$1,175 (+18.1%) | +$1,985 (+34.9%) | $7,450 – $12,000 | 17 |
| 4BR | $9,500 | +$3,000 (+46.2%) | +$3,810 (+67.0%) | $9,500 – $9,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — May 2023
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,795 | $1,750 | +$45 (+2.6%) |
| Studio | $1,650 | $1,750 | −$100 (-5.7%) |
| 1BR | $2,450 | $2,122 | +$328 (+15.5%) |
| 1BR | $1,945 | $2,122 | −$177 (-8.3%) |
| 2BR | $3,030 | $2,780 | +$250 (+9.0%) |
| 2BR | $3,110 | $2,780 | +$330 (+11.9%) |
| 3BR | $8,600 | $3,943 | +$4,658 (+118.1%) |
| 3BR | $4,190 | $3,943 | +$248 (+6.3%) |
| 4BR | $7,675 | $5,000 | +$2,675 (+53.5%) |
| 4BR | $9,500 | $5,000 | +$4,500 (+90.0%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.