Monthly Rent Report
Sherman Oaks Rent Report — April 2024
Asking rents in ZIP 91423, Los Angeles, from 457 listings.
Median 1BR rent in Sherman Oaks was $2,023 in April 2024, down 12.0% (−$275) from March 2024 and down 12.1% year-over-year. The middle half of 1BR listings asked between $1,986 and $2,059. That puts Sherman Oaks $73 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 457 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,900 | −$50 (-2.6%) | −$170 (-8.2%) | $1,725 – $2,000 | 23 |
| Studio | $1,900 | −$50 (-2.6%) | −$170 (-8.2%) | $1,250 – $2,000 | 29 |
| 1BR | $2,023 | −$275 (-12.0%) | −$277 (-12.1%) | $1,986 – $2,059 | 2 |
| 1BR | $2,485 | +$188 (+8.2%) | +$185 (+8.0%) | $2,485 – $2,485 | 26 |
| 1BR | $1,895 | −$402 (-17.5%) | −$405 (-17.6%) | $1,895 – $1,895 | 1 |
| 2BR | $3,228 | +$330 (+11.4%) | +$233 (+7.8%) | $3,090 – $3,365 | 52 |
| 2BR | $2,898 | $0 (-0.0%) | −$97 (-3.3%) | $2,734 – $3,061 | 4 |
| 2BR | $2,950 | +$52 (+1.8%) | −$45 (-1.5%) | $2,700 – $3,300 | 235 |
| 3BR | $10,200 | +$6,010 (+143.4%) | +$6,050 (+145.8%) | $10,200 – $12,800 | 3 |
| 3BR | $5,173 | +$983 (+23.4%) | +$1,023 (+24.6%) | $4,284 – $6,061 | 2 |
| 3BR | $10,200 | +$6,010 (+143.4%) | +$6,050 (+145.8%) | $10,200 – $10,200 | 1 |
| 4BR | $12,950 | +$450 (+3.6%) | +$6,450 (+99.2%) | $7,995 – $15,000 | 45 |
| 4BR | $13,975 | +$1,475 (+11.8%) | +$7,475 (+115.0%) | $12,500 – $15,000 | 14 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — April 2024
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,900 | $1,795 | +$105 (+5.8%) |
| Studio | $1,900 | $1,795 | +$105 (+5.8%) |
| 1BR | $2,023 | $2,095 | −$72 (-3.5%) |
| 1BR | $2,485 | $2,095 | +$390 (+18.6%) |
| 1BR | $1,895 | $2,095 | −$200 (-9.5%) |
| 2BR | $3,228 | $2,833 | +$395 (+13.9%) |
| 2BR | $2,898 | $2,833 | +$65 (+2.3%) |
| 2BR | $2,950 | $2,833 | +$117 (+4.1%) |
| 3BR | $10,200 | $3,950 | +$6,250 (+158.2%) |
| 3BR | $5,173 | $3,950 | +$1,223 (+30.9%) |
| 3BR | $10,200 | $3,950 | +$6,250 (+158.2%) |
| 4BR | $12,950 | $4,999 | +$7,951 (+159.1%) |
| 4BR | $13,975 | $4,999 | +$8,976 (+179.6%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in April 2024.