Monthly Rent Report
Sherman Oaks Rent Report — March 2024
Asking rents in ZIP 91423, Los Angeles, from 576 listings.
Median 1BR rent in Sherman Oaks was $2,485 in March 2024, flat versus February 2024 and up 24.6% year-over-year. The middle half of 1BR listings asked between $2,485 and $2,485. That puts Sherman Oaks $340 above the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 576 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | +$28 (+1.7%) | −$445 (-21.2%) | $1,650 – $1,650 | 1 |
| Studio | $1,950 | +$328 (+20.2%) | −$145 (-6.9%) | $1,775 – $2,095 | 29 |
| 1BR | $2,485 | $0 (0.0%) | +$490 (+24.6%) | $2,485 – $2,485 | 31 |
| 1BR | $1,985 | −$500 (-20.1%) | −$10 (-0.5%) | $1,985 – $1,985 | 4 |
| 1BR | $2,298 | −$187 (-7.5%) | +$303 (+15.2%) | $1,995 – $2,516 | 104 |
| 2BR | $3,228 | $0 (0.0%) | +$428 (+15.3%) | $3,090 – $3,365 | 62 |
| 2BR | $2,295 | −$932 (-28.9%) | −$505 (-18.0%) | $2,295 – $2,295 | 1 |
| 2BR | $2,898 | −$329 (-10.2%) | +$98 (+3.5%) | $2,725 – $3,199 | 159 |
| 3BR | $3,495 | +$1,195 (+52.0%) | −$1,500 (-30.0%) | $3,495 – $3,495 | 1 |
| 3BR | $4,190 | +$1,890 (+82.2%) | −$805 (-16.1%) | $4,190 – $6,996 | 72 |
| 4BR | $12,500 | +$7,005 (+127.5%) | +$4,000 (+47.1%) | $9,400 – $15,000 | 43 |
| 4BR | $12,950 | +$7,455 (+135.7%) | +$4,450 (+52.4%) | $8,900 – $15,000 | 46 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — March 2024
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,723 | −$72 (-4.2%) |
| Studio | $1,950 | $1,723 | +$228 (+13.2%) |
| 1BR | $2,485 | $2,145 | +$340 (+15.9%) |
| 1BR | $1,985 | $2,145 | −$160 (-7.5%) |
| 1BR | $2,298 | $2,145 | +$153 (+7.1%) |
| 2BR | $3,228 | $2,850 | +$378 (+13.2%) |
| 2BR | $2,295 | $2,850 | −$555 (-19.5%) |
| 2BR | $2,898 | $2,850 | +$48 (+1.7%) |
| 3BR | $3,495 | $3,762 | −$267 (-7.1%) |
| 3BR | $4,190 | $3,762 | +$428 (+11.4%) |
| 4BR | $12,500 | $4,950 | +$7,550 (+152.5%) |
| 4BR | $12,950 | $4,950 | +$8,000 (+161.6%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.