Monthly Rent Report
Sherman Oaks Rent Report — December 2023
Asking rents in ZIP 91423, Los Angeles, from 139 listings.
Median 1BR rent in Sherman Oaks was $2,610 in December 2023, up 11.3% (+$265) from November 2023 and up 27.3% year-over-year. The middle half of 1BR listings asked between $2,505 and $2,715. That puts Sherman Oaks $481 above the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 139 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,695 | $0 (0.0%) | +$45 (+2.7%) | $1,695 – $1,695 | 1 |
| Studio | $1,995 | +$300 (+17.7%) | +$345 (+20.9%) | $1,995 – $1,995 | 2 |
| 1BR | $2,610 | +$265 (+11.3%) | +$560 (+27.3%) | $2,505 – $2,715 | 2 |
| 1BR | $2,075 | −$270 (-11.5%) | +$25 (+1.2%) | $2,075 – $2,075 | 1 |
| 1BR | $2,560 | +$215 (+9.2%) | +$510 (+24.9%) | $2,545 – $2,560 | 5 |
| 2BR | $2,675 | −$690 (-20.5%) | −$25 (-0.9%) | $2,650 – $2,750 | 13 |
| 2BR | $3,318 | −$47 (-1.4%) | +$618 (+22.9%) | $3,225 – $3,366 | 20 |
| 2BR | $2,950 | −$415 (-12.3%) | +$250 (+9.3%) | $2,950 – $2,963 | 4 |
| 3BR | $4,190 | $0 (0.0%) | −$357 (-7.9%) | $4,000 – $6,750 | 81 |
| 3BR | $4,250 | +$60 (+1.4%) | −$297 (-6.5%) | $4,250 – $4,250 | 1 |
| 3BR | $3,400 | −$790 (-18.9%) | −$1,147 (-25.2%) | $3,400 – $3,400 | 1 |
| 4BR | $15,500 | +$7,700 (+98.7%) | +$4,750 (+44.2%) | $15,500 – $15,500 | 1 |
| 4BR | $14,725 | +$6,925 (+88.8%) | +$3,975 (+37.0%) | $14,338 – $15,113 | 2 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — December 2023
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,695 | $1,750 | −$55 (-3.1%) |
| Studio | $1,995 | $1,750 | +$245 (+14.0%) |
| 1BR | $2,610 | $2,129 | +$481 (+22.6%) |
| 1BR | $2,075 | $2,129 | −$54 (-2.5%) |
| 1BR | $2,560 | $2,129 | +$431 (+20.2%) |
| 2BR | $2,675 | $2,795 | −$120 (-4.3%) |
| 2BR | $3,318 | $2,795 | +$523 (+18.7%) |
| 2BR | $2,950 | $2,795 | +$155 (+5.5%) |
| 3BR | $4,190 | $3,923 | +$268 (+6.8%) |
| 3BR | $4,250 | $3,923 | +$328 (+8.3%) |
| 3BR | $3,400 | $3,923 | −$522 (-13.3%) |
| 4BR | $15,500 | $4,750 | +$10,750 (+226.3%) |
| 4BR | $14,725 | $4,750 | +$9,975 (+210.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.