Monthly Rent Report
Sherman Oaks Rent Report — February 2024
Asking rents in ZIP 91423, Los Angeles, from 610 listings.
Median 1BR rent in Sherman Oaks was $2,295 in February 2024, up 9.8% (+$205) from January 2024 and up 13.3% year-over-year. The middle half of 1BR listings asked between $2,095 and $2,595. That puts Sherman Oaks $100 above the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 610 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,973 | +$178 (+9.9%) | −$50 (-2.5%) | $1,775 – $2,095 | 30 |
| Studio | $1,623 | −$172 (-9.6%) | −$400 (-19.8%) | $1,609 – $1,636 | 2 |
| 1BR | $2,295 | +$205 (+9.8%) | +$270 (+13.3%) | $2,095 – $2,595 | 131 |
| 1BR | $1,500 | −$590 (-28.2%) | −$525 (-25.9%) | $1,500 – $1,500 | 1 |
| 1BR | $2,485 | +$395 (+18.9%) | +$460 (+22.7%) | $2,485 – $2,485 | 11 |
| 2BR | $2,938 | +$163 (+5.9%) | −$112 (-3.7%) | $2,699 – $3,310 | 220 |
| 2BR | $3,228 | +$453 (+16.3%) | +$178 (+5.8%) | $3,090 – $3,365 | 22 |
| 2BR | $2,150 | −$625 (-22.5%) | −$900 (-29.5%) | $2,150 – $2,150 | 1 |
| 3BR | $4,695 | +$445 (+10.5%) | +$1,395 (+42.3%) | $4,025 – $7,500 | 90 |
| 3BR | $2,300 | −$1,950 (-45.9%) | −$1,000 (-30.3%) | $2,300 – $2,300 | 1 |
| 4BR | $11,950 | +$2,450 (+25.8%) | +$7,655 (+178.2%) | $7,000 – $15,963 | 56 |
| 4BR | $5,495 | −$4,005 (-42.2%) | +$1,200 (+27.9%) | $5,495 – $5,495 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — February 2024
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,973 | $1,750 | +$223 (+12.7%) |
| Studio | $1,623 | $1,750 | −$127 (-7.3%) |
| 1BR | $2,295 | $2,195 | +$100 (+4.6%) |
| 1BR | $1,500 | $2,195 | −$695 (-31.7%) |
| 1BR | $2,485 | $2,195 | +$290 (+13.2%) |
| 2BR | $2,938 | $2,850 | +$88 (+3.1%) |
| 2BR | $3,228 | $2,850 | +$378 (+13.2%) |
| 2BR | $2,150 | $2,850 | −$700 (-24.6%) |
| 3BR | $4,695 | $3,995 | +$700 (+17.5%) |
| 3BR | $2,300 | $3,995 | −$1,695 (-42.4%) |
| 4BR | $11,950 | $5,000 | +$6,950 (+139.0%) |
| 4BR | $5,495 | $5,000 | +$495 (+9.9%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.