Monthly Rent Report
Sherman Oaks Rent Report — May 2024
Asking rents in ZIP 91423, Los Angeles, from 821 listings.
Median 1BR rent in Sherman Oaks was $2,235 in May 2024, up 17.9% (+$340) from April 2024 and up 14.9% year-over-year. The middle half of 1BR listings asked between $2,235 and $2,235. That puts Sherman Oaks $140 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 821 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,795 | −$105 (-5.5%) | +$145 (+8.8%) | $1,795 – $1,795 | 1 |
| Studio | $1,973 | +$73 (+3.8%) | +$323 (+19.5%) | $1,511 – $1,995 | 16 |
| Studio | $1,895 | −$5 (-0.3%) | +$245 (+14.8%) | $1,895 – $1,895 | 1 |
| 1BR | $2,235 | +$340 (+17.9%) | +$290 (+14.9%) | $2,235 – $2,235 | 1 |
| 1BR | $2,470 | +$575 (+30.3%) | +$525 (+27.0%) | $2,176 – $2,800 | 146 |
| 1BR | $2,485 | +$590 (+31.1%) | +$540 (+27.8%) | $2,476 – $2,485 | 64 |
| 2BR | $2,895 | −$55 (-1.9%) | −$215 (-6.9%) | $2,693 – $3,388 | 210 |
| 2BR | $3,235 | +$285 (+9.7%) | +$125 (+4.0%) | $3,090 – $3,365 | 164 |
| 2BR | $2,550 | −$400 (-13.6%) | −$560 (-18.0%) | $2,425 – $3,050 | 3 |
| 3BR | $4,200 | −$6,000 (-58.8%) | +$10 (+0.2%) | $4,190 – $7,213 | 100 |
| 3BR | $7,093 | −$3,107 (-30.5%) | +$2,903 (+69.3%) | $3,931 – $10,444 | 24 |
| 3BR | $3,295 | −$6,905 (-67.7%) | −$895 (-21.4%) | $3,295 – $3,295 | 1 |
| 4BR | $11,500 | −$2,475 (-17.7%) | +$2,000 (+21.1%) | $7,495 – $15,000 | 13 |
| 4BR | $6,995 | −$6,980 (-49.9%) | −$2,505 (-26.4%) | $6,995 – $6,995 | 1 |
| 4BR | $10,700 | −$3,275 (-23.4%) | +$1,200 (+12.6%) | $8,000 – $14,950 | 41 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — May 2024
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,795 | $1,795 | $0 (0.0%) |
| Studio | $1,973 | $1,795 | +$178 (+9.9%) |
| Studio | $1,895 | $1,795 | +$100 (+5.6%) |
| 1BR | $2,235 | $2,095 | +$140 (+6.7%) |
| 1BR | $2,470 | $2,095 | +$375 (+17.9%) |
| 1BR | $2,485 | $2,095 | +$390 (+18.6%) |
| 2BR | $2,895 | $2,850 | +$45 (+1.6%) |
| 2BR | $3,235 | $2,850 | +$385 (+13.5%) |
| 2BR | $2,550 | $2,850 | −$300 (-10.5%) |
| 3BR | $4,200 | $3,969 | +$232 (+5.8%) |
| 3BR | $7,093 | $3,969 | +$3,124 (+78.7%) |
| 3BR | $3,295 | $3,969 | −$673 (-17.0%) |
| 4BR | $11,500 | $5,175 | +$6,325 (+122.2%) |
| 4BR | $6,995 | $5,175 | +$1,820 (+35.2%) |
| 4BR | $10,700 | $5,175 | +$5,525 (+106.8%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.