Monthly Rent Report
Sherman Oaks Rent Report — August 2023
Asking rents in ZIP 91423, Los Angeles, from 55 listings.
Median 1BR rent in Sherman Oaks was $2,095 in August 2023, down 12.5% (−$300) from July 2023 and up 5.0% year-over-year. The middle half of 1BR listings asked between $2,095 and $2,095. That puts Sherman Oaks in line with the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 55 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,265 | +$315 (+16.2%) | +$469 (+26.1%) | $2,241 – $2,633 | 3 |
| Studio | $1,695 | −$255 (-13.1%) | −$101 (-5.6%) | $1,695 – $1,695 | 1 |
| 1BR | $2,095 | −$300 (-12.5%) | +$100 (+5.0%) | $2,095 – $2,095 | 1 |
| 1BR | $1,895 | −$500 (-20.9%) | −$100 (-5.0%) | $1,895 – $1,995 | 3 |
| 2BR | $3,022 | −$188 (-5.9%) | +$627 (+26.2%) | $2,897 – $3,292 | 28 |
| 2BR | $2,650 | −$560 (-17.4%) | +$255 (+10.6%) | $2,650 – $2,650 | 1 |
| 3BR | $14,500 | +$8,005 (+123.2%) | +$8,000 (+123.1%) | $14,500 – $14,500 | 3 |
| 3BR | $7,300 | +$805 (+12.4%) | +$800 (+12.3%) | $7,300 – $7,300 | 1 |
| 4BR | $9,999 | +$499 (+5.3%) | +$4,499 (+81.8%) | $9,999 – $9,999 | 1 |
| 4BR | $4,750 | −$4,750 (-50.0%) | −$750 (-13.6%) | $4,750 – $4,750 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — August 2023
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,265 | $1,775 | +$490 (+27.6%) |
| Studio | $1,695 | $1,775 | −$80 (-4.5%) |
| 1BR | $2,095 | $2,100 | −$5 (-0.2%) |
| 1BR | $1,895 | $2,100 | −$205 (-9.8%) |
| 2BR | $3,022 | $2,895 | +$127 (+4.4%) |
| 2BR | $2,650 | $2,895 | −$245 (-8.5%) |
| 3BR | $14,500 | $3,897 | +$10,603 (+272.1%) |
| 3BR | $7,300 | $3,897 | +$3,403 (+87.3%) |
| 4BR | $9,999 | $5,163 | +$4,837 (+93.7%) |
| 4BR | $4,750 | $5,163 | −$412 (-8.0%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.