Monthly Rent Report
Sherman Oaks Rent Report — September 2023
Asking rents in ZIP 91423, Los Angeles, from 42 listings.
Median 1BR rent in Sherman Oaks was $2,365 in September 2023, up 24.8% (+$470) from August 2023 and down 1.3% year-over-year. The middle half of 1BR listings asked between $2,300 and $2,625. That puts Sherman Oaks $365 above the Los Angeles citywide 1BR median of $2,000. The month's figures are based on 42 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,795 | +$100 (+5.9%) | −$405 (-18.4%) | $1,795 – $1,795 | 1 |
| Studio | $2,850 | +$1,155 (+68.1%) | +$650 (+29.5%) | $2,850 – $2,850 | 1 |
| 1BR | $2,365 | +$470 (+24.8%) | −$30 (-1.3%) | $2,300 – $2,625 | 15 |
| 1BR | $1,795 | −$100 (-5.3%) | −$600 (-25.1%) | $1,795 – $1,795 | 1 |
| 2BR | $2,799 | −$222 (-7.4%) | +$249 (+9.8%) | $2,799 – $2,799 | 1 |
| 2BR | $2,900 | −$121 (-4.0%) | +$350 (+13.7%) | $2,900 – $2,900 | 2 |
| 3BR | $16,000 | +$1,500 (+10.3%) | +$10,800 (+207.7%) | $16,000 – $16,000 | 10 |
| 3BR | $3,100 | −$11,400 (-78.6%) | −$2,100 (-40.4%) | $3,100 – $3,100 | 1 |
| 4BR | $7,850 | −$2,149 (-21.5%) | −$1,350 (-14.7%) | $7,850 – $7,850 | 1 |
| 4BR | $7,950 | −$2,049 (-20.5%) | −$1,250 (-13.6%) | $7,950 – $7,950 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — September 2023
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,795 | $1,795 | $0 (0.0%) |
| Studio | $2,850 | $1,795 | +$1,055 (+58.8%) |
| 1BR | $2,365 | $2,000 | +$365 (+18.3%) |
| 1BR | $1,795 | $2,000 | −$205 (-10.3%) |
| 2BR | $2,799 | $2,750 | +$49 (+1.8%) |
| 2BR | $2,900 | $2,750 | +$150 (+5.5%) |
| 3BR | $16,000 | $3,948 | +$12,053 (+305.3%) |
| 3BR | $3,100 | $3,948 | −$847 (-21.5%) |
| 4BR | $7,850 | $5,000 | +$2,850 (+57.0%) |
| 4BR | $7,950 | $5,000 | +$2,950 (+59.0%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in September 2023.