Monthly Rent Report
Sherman Oaks Rent Report — August 2024
Asking rents in ZIP 91423, Los Angeles, from 25 listings.
Median 1BR rent in Sherman Oaks was $1,700 in August 2024, down 31.6% (−$785) from July 2024 and down 18.9% year-over-year. The middle half of 1BR listings asked between $1,700 and $1,700. That puts Sherman Oaks $395 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 25 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,675 | +$503 (+23.1%) | +$980 (+57.8%) | $2,675 – $2,675 | 1 |
| 1BR | $1,700 | −$785 (-31.6%) | −$395 (-18.9%) | $1,700 – $1,700 | 2 |
| 1BR | $2,095 | −$390 (-15.7%) | $0 (0.0%) | $2,095 – $2,095 | 1 |
| 2BR | $2,870 | +$45 (+1.6%) | −$151 (-5.0%) | $1,000 – $2,900 | 5 |
| 2BR | $2,623 | −$202 (-7.2%) | −$399 (-13.2%) | $2,486 – $2,759 | 2 |
| 3BR | $2,900 | −$3,100 (-51.7%) | −$11,600 (-80.0%) | $2,900 – $2,900 | 1 |
| 4BR | $10,450 | −$550 (-5.0%) | +$5,700 (+120.0%) | $7,461 – $16,995 | 8 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Sherman Oaks vs. Los Angeles — August 2024
| Bedrooms | Sherman Oaks Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,675 | $1,750 | +$925 (+52.9%) |
| 1BR | $1,700 | $2,095 | −$395 (-18.9%) |
| 1BR | $2,095 | $2,095 | $0 (0.0%) |
| 2BR | $2,870 | $2,795 | +$75 (+2.7%) |
| 2BR | $2,623 | $2,795 | −$172 (-6.2%) |
| 3BR | $2,900 | $4,000 | −$1,100 (-27.5%) |
| 4BR | $10,450 | $4,895 | +$5,555 (+113.5%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.