Monthly Rent Report
Sherman Oaks Rent Report — June 2024
Asking rents in ZIP 91423, Los Angeles, from 827 listings.
Median 1BR rent in Sherman Oaks was $2,123 in June 2024, down 5.0% (−$112) from May 2024 and up 1.3% year-over-year. The middle half of 1BR listings asked between $2,109 and $2,136. That puts Sherman Oaks in line with the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 827 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,995 | +$100 (+5.3%) | $0 (0.0%) | $1,995 – $1,995 | 2 |
| Studio | $1,995 | +$100 (+5.3%) | $0 (0.0%) | $1,995 – $1,995 | 2 |
| Studio | $2,450 | +$555 (+29.3%) | +$455 (+22.8%) | $2,450 – $2,450 | 1 |
| 1BR | $2,123 | −$112 (-5.0%) | +$28 (+1.3%) | $2,109 – $2,136 | 2 |
| 1BR | $2,425 | +$190 (+8.5%) | +$330 (+15.8%) | $2,195 – $2,620 | 149 |
| 1BR | $2,485 | +$250 (+11.2%) | +$390 (+18.6%) | $2,485 – $2,485 | 69 |
| 2BR | $3,200 | −$35 (-1.1%) | +$50 (+1.6%) | $3,090 – $3,365 | 143 |
| 2BR | $2,829 | −$406 (-12.6%) | −$321 (-10.2%) | $2,640 – $3,019 | 2 |
| 2BR | $2,935 | −$300 (-9.3%) | −$215 (-6.8%) | $2,695 – $3,500 | 221 |
| 3BR | $4,425 | +$225 (+5.4%) | +$235 (+5.6%) | $4,190 – $6,700 | 135 |
| 3BR | $3,345 | −$855 (-20.4%) | −$845 (-20.2%) | $3,270 – $3,420 | 2 |
| 3BR | $5,000 | +$800 (+19.0%) | +$810 (+19.3%) | $3,495 – $8,395 | 19 |
| 4BR | $8,300 | +$1,305 (+18.7%) | +$3,005 (+56.8%) | $6,700 – $10,995 | 36 |
| 4BR | $10,500 | +$3,505 (+50.1%) | +$5,205 (+98.3%) | $8,100 – $13,750 | 7 |
| 4BR | $4,050 | −$2,945 (-42.1%) | −$1,245 (-23.5%) | $4,050 – $4,050 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — June 2024
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,995 | $1,759 | +$236 (+13.4%) |
| Studio | $1,995 | $1,759 | +$236 (+13.4%) |
| Studio | $2,450 | $1,759 | +$691 (+39.3%) |
| 1BR | $2,123 | $2,100 | +$23 (+1.1%) |
| 1BR | $2,425 | $2,100 | +$325 (+15.5%) |
| 1BR | $2,485 | $2,100 | +$385 (+18.3%) |
| 2BR | $3,200 | $2,885 | +$315 (+10.9%) |
| 2BR | $2,829 | $2,885 | −$56 (-1.9%) |
| 2BR | $2,935 | $2,885 | +$50 (+1.7%) |
| 3BR | $4,425 | $3,900 | +$525 (+13.5%) |
| 3BR | $3,345 | $3,900 | −$555 (-14.2%) |
| 3BR | $5,000 | $3,900 | +$1,100 (+28.2%) |
| 4BR | $8,300 | $5,000 | +$3,300 (+66.0%) |
| 4BR | $10,500 | $5,000 | +$5,500 (+110.0%) |
| 4BR | $4,050 | $5,000 | −$950 (-19.0%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in June 2024.