Monthly Rent Report
Sherman Oaks Rent Report — July 2023
Asking rents in ZIP 91423, Los Angeles, from 85 listings.
Median 1BR rent in Sherman Oaks was $2,395 in July 2023, up 14.3% (+$300) from June 2023 and up 5.5% year-over-year. The middle half of 1BR listings asked between $2,245 and $2,450. That puts Sherman Oaks $270 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 85 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,950 | −$45 (-2.3%) | −$290 (-12.9%) | $1,950 – $1,950 | 1 |
| Studio | $1,885 | −$110 (-5.5%) | −$355 (-15.8%) | $1,768 – $2,003 | 2 |
| 1BR | $2,395 | +$300 (+14.3%) | +$125 (+5.5%) | $2,245 – $2,450 | 5 |
| 1BR | $2,350 | +$255 (+12.2%) | +$80 (+3.5%) | $2,003 – $2,665 | 23 |
| 2BR | $2,395 | −$400 (-14.3%) | −$300 (-11.1%) | $2,395 – $2,395 | 1 |
| 2BR | $3,210 | +$415 (+14.8%) | +$515 (+19.1%) | $2,897 – $3,495 | 28 |
| 3BR | $6,495 | +$2,305 (+55.0%) | +$1,295 (+24.9%) | $6,495 – $6,495 | 1 |
| 3BR | $4,190 | $0 (0.0%) | −$1,010 (-19.4%) | $4,190 – $4,300 | 20 |
| 4BR | $15,600 | +$7,600 (+95.0%) | +$3,100 (+24.8%) | $15,600 – $15,600 | 1 |
| 4BR | $9,500 | +$1,500 (+18.8%) | −$3,000 (-24.0%) | $9,500 – $9,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — July 2023
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,950 | $1,800 | +$150 (+8.3%) |
| Studio | $1,885 | $1,800 | +$85 (+4.7%) |
| 1BR | $2,395 | $2,125 | +$270 (+12.7%) |
| 1BR | $2,350 | $2,125 | +$225 (+10.6%) |
| 2BR | $2,395 | $2,873 | −$478 (-16.6%) |
| 2BR | $3,210 | $2,873 | +$337 (+11.7%) |
| 3BR | $6,495 | $3,836 | +$2,659 (+69.3%) |
| 3BR | $4,190 | $3,836 | +$354 (+9.2%) |
| 4BR | $15,600 | $4,572 | +$11,028 (+241.2%) |
| 4BR | $9,500 | $4,572 | +$4,928 (+107.8%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.