Monthly Rent Report
Sherman Oaks Rent Report — November 2023
Asking rents in ZIP 91423, Los Angeles, from 347 listings.
Median 1BR rent in Sherman Oaks was $2,145 in November 2023, down 6.5% (−$150) from October 2023 and down 12.4% year-over-year. The middle half of 1BR listings asked between $2,145 and $2,145. That puts Sherman Oaks in line with the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 347 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,930 | +$235 (+13.9%) | −$60 (-3.0%) | $1,695 – $3,800 | 20 |
| Studio | $1,695 | $0 (0.0%) | −$295 (-14.8%) | $1,695 – $1,695 | 1 |
| 1BR | $2,145 | −$150 (-6.5%) | −$305 (-12.4%) | $2,145 – $2,145 | 1 |
| 1BR | $2,345 | +$50 (+2.2%) | −$105 (-4.3%) | $2,120 – $2,570 | 2 |
| 1BR | $2,545 | +$250 (+10.9%) | +$95 (+3.9%) | $2,545 – $2,545 | 1 |
| 2BR | $2,450 | −$395 (-13.9%) | −$287 (-10.5%) | $2,450 – $2,450 | 1 |
| 2BR | $3,365 | +$520 (+18.3%) | +$628 (+22.9%) | $3,228 – $3,430 | 3 |
| 2BR | $2,865 | +$20 (+0.7%) | +$128 (+4.7%) | $2,599 – $3,250 | 196 |
| 3BR | $4,190 | +$440 (+11.7%) | −$1,085 (-20.6%) | $3,295 – $4,331 | 72 |
| 3BR | $2,895 | −$855 (-22.8%) | −$2,380 (-45.1%) | $2,895 – $2,895 | 1 |
| 4BR | $7,800 | −$700 (-8.2%) | +$1,050 (+15.6%) | $6,500 – $11,500 | 22 |
| 4BR | $7,800 | −$700 (-8.2%) | +$1,050 (+15.6%) | $7,800 – $7,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — November 2023
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,930 | $1,775 | +$155 (+8.7%) |
| Studio | $1,695 | $1,775 | −$80 (-4.5%) |
| 1BR | $2,145 | $2,125 | +$20 (+0.9%) |
| 1BR | $2,345 | $2,125 | +$220 (+10.4%) |
| 1BR | $2,545 | $2,125 | +$420 (+19.8%) |
| 2BR | $2,450 | $2,795 | −$345 (-12.3%) |
| 2BR | $3,365 | $2,795 | +$570 (+20.4%) |
| 2BR | $2,865 | $2,795 | +$70 (+2.5%) |
| 3BR | $4,190 | $3,950 | +$240 (+6.1%) |
| 3BR | $2,895 | $3,950 | −$1,055 (-26.7%) |
| 4BR | $7,800 | $4,994 | +$2,806 (+56.2%) |
| 4BR | $7,800 | $4,994 | +$2,806 (+56.2%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in November 2023.