Monthly Rent Report
Sherman Oaks Rent Report — October 2023
Asking rents in ZIP 91423, Los Angeles, from 75 listings.
Median 1BR rent in Sherman Oaks was $1,925 in October 2023, down 18.6% (−$440) from September 2023 and down 10.3% year-over-year. The middle half of 1BR listings asked between $1,925 and $1,925. That puts Sherman Oaks $73 below the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 75 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,695 | −$100 (-5.6%) | −$485 (-22.2%) | $1,695 – $1,695 | 1 |
| Studio | $1,890 | +$95 (+5.3%) | −$290 (-13.3%) | $1,890 – $1,890 | 2 |
| 1BR | $1,925 | −$440 (-18.6%) | −$220 (-10.3%) | $1,925 – $1,925 | 1 |
| 1BR | $2,295 | −$70 (-3.0%) | +$150 (+7.0%) | $2,295 – $2,295 | 1 |
| 2BR | $2,995 | +$196 (+7.0%) | −$405 (-11.9%) | $2,995 – $2,995 | 1 |
| 2BR | $2,845 | +$46 (+1.6%) | −$555 (-16.3%) | $2,770 – $2,920 | 2 |
| 3BR | $3,750 | −$12,250 (-76.6%) | −$500 (-11.8%) | $3,750 – $3,750 | 1 |
| 3BR | $9,000 | −$7,000 (-43.8%) | +$4,750 (+111.8%) | $4,200 – $10,900 | 21 |
| 3BR | $16,000 | $0 (0.0%) | +$11,750 (+276.5%) | $16,000 – $16,000 | 2 |
| 4BR | $8,500 | +$550 (+6.9%) | +$2,605 (+44.2%) | $8,500 – $8,500 | 1 |
| 4BR | $9,175 | +$1,225 (+15.4%) | +$3,280 (+55.6%) | $7,871 – $12,613 | 16 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — October 2023
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,695 | $1,700 | −$5 (-0.3%) |
| Studio | $1,890 | $1,700 | +$190 (+11.2%) |
| 1BR | $1,925 | $1,998 | −$72 (-3.6%) |
| 1BR | $2,295 | $1,998 | +$298 (+14.9%) |
| 2BR | $2,995 | $2,750 | +$245 (+8.9%) |
| 2BR | $2,845 | $2,750 | +$95 (+3.5%) |
| 3BR | $3,750 | $4,195 | −$445 (-10.6%) |
| 3BR | $9,000 | $4,195 | +$4,805 (+114.5%) |
| 3BR | $16,000 | $4,195 | +$11,805 (+281.4%) |
| 4BR | $8,500 | $5,275 | +$3,225 (+61.1%) |
| 4BR | $9,175 | $5,275 | +$3,900 (+73.9%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.