Monthly Rent Report
Sherman Oaks Rent Report — January 2024
Asking rents in ZIP 91423, Los Angeles, from 188 listings.
Median 1BR rent in Sherman Oaks was $2,485 in January 2024, down 2.9% (−$75) from December 2023 and down 0.4% year-over-year. The middle half of 1BR listings asked between $2,485 and $2,485. That puts Sherman Oaks $389 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 188 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,795 | +$100 (+5.9%) | −$247 (-12.1%) | $1,655 – $2,095 | 8 |
| Studio | $1,795 | +$100 (+5.9%) | −$247 (-12.1%) | $1,775 – $2,095 | 9 |
| 1BR | $2,485 | −$75 (-2.9%) | −$10 (-0.4%) | $2,485 – $2,485 | 2 |
| 1BR | $2,090 | −$470 (-18.4%) | −$405 (-16.2%) | $1,995 – $2,295 | 35 |
| 1BR | $1,898 | −$662 (-25.9%) | −$597 (-23.9%) | $1,896 – $1,899 | 2 |
| 2BR | $2,790 | +$115 (+4.3%) | +$495 (+21.6%) | $2,650 – $3,858 | 55 |
| 2BR | $2,775 | +$100 (+3.7%) | +$480 (+20.9%) | $2,663 – $2,888 | 2 |
| 2BR | $3,235 | +$560 (+20.9%) | +$940 (+41.0%) | $3,090 – $3,365 | 5 |
| 3BR | $5,500 | +$1,310 (+31.3%) | +$1,300 (+31.0%) | $4,875 – $6,125 | 2 |
| 3BR | $4,250 | +$60 (+1.4%) | +$50 (+1.2%) | $3,905 – $12,250 | 23 |
| 4BR | $8,200 | −$7,300 (-47.1%) | −$4,750 (-36.7%) | $5,495 – $10,800 | 25 |
| 4BR | $9,500 | −$6,000 (-38.7%) | −$3,450 (-26.6%) | $9,500 – $9,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — January 2024
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,795 | $1,750 | +$45 (+2.6%) |
| Studio | $1,795 | $1,750 | +$45 (+2.6%) |
| 1BR | $2,485 | $2,097 | +$389 (+18.5%) |
| 1BR | $2,090 | $2,097 | −$6 (-0.3%) |
| 1BR | $1,898 | $2,097 | −$199 (-9.5%) |
| 2BR | $2,790 | $2,795 | −$5 (-0.2%) |
| 2BR | $2,775 | $2,795 | −$20 (-0.7%) |
| 2BR | $3,235 | $2,795 | +$440 (+15.7%) |
| 3BR | $5,500 | $3,950 | +$1,550 (+39.2%) |
| 3BR | $4,250 | $3,950 | +$300 (+7.6%) |
| 4BR | $8,200 | $5,200 | +$3,000 (+57.7%) |
| 4BR | $9,500 | $5,200 | +$4,300 (+82.7%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in January 2024.