Average Rent in Sherman Oaks, Los Angeles, CA

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Current Versus Historical Sherman Oaks, Los Angeles, CA Rents

Sherman Oaks rentals average $1,711 for a studio rental to $15,000 for a 4-bedroom rental. The median price of all currently available listings is $5,900, or roughly $3 per square feet.
For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $239 (-13.95%) year-over-year from $1,711 to $1,472. 1-bedroom rentals prices have increased by $271 (13.36%) year-over-year from $2,030 to $2,301. 2-bedroom rentals prices have increased by $705 (25.95%) year-over-year from $2,715 to $3,420. 3-bedroom rentals prices have increased by $1,173 (26.50%) year-over-year from $4,427 to $5,600. 4-bedroom rentals prices have increased by $5,928 (65.35%) year-over-year from $9,072 to $15,000. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 10.90% this month. 1-bedroom rents have gone up by 6.18% this month. 2-bedroom rents have gone up by 14.43% this month. 3-bedroom rents have gone up by 8.56% this month. 4-bedroom rents have gone up by 31.29% this month.
Beds
Price / Sqft
Nov 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.88 $1,472 $1,711 (-13.95%) $2,044 (-27.98%)
1 BR $2.67 $2,301 $2,030 (13.36%) $1,866 (23.32%)
2 BR $2.80 $3,420 $2,715 (25.95%) $2,649 (29.11%)
3 BR $3.45 $5,600 $4,427 (26.50%) $4,140 (35.27%)
4+ BR $3.91 $15,000 $9,072 (65.35%) $9,883 (51.78%)

Historical Rents in Sherman Oaks, Los Angeles, CA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Sherman Oaks

There are a total of 30 cities nearby Sherman Oaks. The average rent in Sherman Oaks is currently $4,616 per month. A total of 21 cities nearby have an average rent lower than that. Our records show that Long Beach, CA, with an average rent of $2,848, is the most affordable city nearby. In contrast, the most expensive city near Sherman Oaks, Los Angeles, CA is Malibu, CA. Monthly rents here are on average $20,000 per month.

Let's compare Sherman Oaks, Los Angeles, CA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Sherman Oaks, Los Angeles, CA is 47.40% more expensive than other cities nearby. One bedrooms are about 18.67% more affordable. Two bedrooms in Sherman Oaks, Los Angeles, CA are about 8.19% more affordable. Finally, rent for three bedrooms are about 13.56% more expensive. Want more information? Check out the top 10 cities out of 30 total cities near Sherman Oaks, Los Angeles, CA in the following chart.
City Studio 1 Bed 2 Bed All
Inglewood, CA $1,800 $2,175 $3,000 $2,900
Pasadena, CA $2,400 $2,800 $3,500 $3,413
Glendale, CA $2,303 $2,395 $3,300 $3,500
Burbank, CA N/A $2,400 $3,663 $3,750
Los Angeles, CA $2,095 $2,650 $3,900 $4,500
Santa Monica, CA $3,160 $3,200 $4,950 $4,733
West Hollywood, CA $3,125 $3,855 $5,500 $5,495
Calabasas, CA N/A $2,550 $3,775 $6,500
Manhattan Beach, CA N/A $3,798 $5,500 $9,775
Beverly Hills, CA $2,499 $4,173 $6,150 $12,400

Top Neighborhoods Near Sherman Oaks

There are a total of 35 neighborhoods in or near Sherman Oaks. Some of these neighborhoods include Wilshire Center - Koreatown, Historic Cultural, and Congress North. We've included the top 30 neighborhoods out of 35 total neighborhoods in or near Sherman Oaks, Los Angeles, CA in the following chart.

The average rent for these 30 neighborhoods in or near Sherman Oaks, Los Angeles, CA is currently around $4,770 per month. A total of 23 neighborhoods have a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $4,770. Out of all the neighborhoods in or near Sherman Oaks, Wilshire Center - Koreatown has the most affordable average rent at $2,582 per month. Whereas, at $19,950 average rent per month, Bel Air-Beverly Crest is the most expensive neighborhood in or near Sherman Oaks. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Wilshire Center - Koreatown, Los Angeles, CA $1,995 $2,468 $3,200 $2,582
Historic Cultural, Los Angeles, CA $2,090 $2,394 $3,400 $2,600
Congress North, Los Angeles, CA N/A $1,900 $2,610 $2,845
Van Nuys, Los Angeles, CA $1,673 $1,875 $2,698 $3,225
Downtown Los Angeles, Los Angeles, CA $2,140 $2,938 $4,500 $3,300
Mar Vista, Los Angeles, CA $2,598 $2,450 $4,647 $3,700
Mid-Town North Hollywood, Los Angeles, CA $2,090 $2,500 $3,478 $3,725
Greater Wilshire, Los Angeles, CA N/A $2,293 $3,760 $4,000
Westchester-Playa Del Rey, Los Angeles, CA $2,382 $2,735 $3,797 $4,045
PICO, Los Angeles, CA N/A $2,650 $3,000 $4,200
West Los Angeles, Los Angeles, CA $1,898 $3,150 $3,795 $4,400
Central Hollywood, Los Angeles, CA N/A $3,517 $4,704 $4,457
South Robertson, Los Angeles, CA N/A $2,595 $3,795 $4,498
Marina del Rey, Los Angeles, CA $2,400 $3,079 $4,570 $4,500
Silver Lake, Los Angeles, CA $2,273 $2,900 $4,500 $4,750
West Hills, Los Angeles, CA $2,000 N/A $2,999 $4,770
Woodland Hills-Warner Center, Los Angeles, CA N/A $2,450 $3,300 $4,913
Westwood, Los Angeles, CA $2,097 $3,750 $4,583 $5,355
Mid-City West, Los Angeles, CA $2,673 $3,254 $4,583 $5,425
Tarzana, Los Angeles, CA N/A $2,100 $3,250 $5,875
Westside, Los Angeles, CA $2,575 $6,550 $5,195 $6,148
Brentwood, Los Angeles, CA N/A $3,295 $4,723 $7,423
Hollywood Hills West, Los Angeles, CA $1,988 $2,923 $4,300 $7,495
Venice, Los Angeles, CA $3,375 $4,450 $6,500 $7,700
Studio City, Los Angeles, CA N/A $2,900 $3,800 $8,200
North of Montana, Santa Monica, CA $4,400 $4,850 $7,995 $8,500
Encino, Los Angeles, CA N/A $2,674 $3,550 $8,850
Hollywood United, Los Angeles, CA $1,750 $3,000 $4,860 $8,995
Pacific Palisades, Los Angeles, CA N/A $3,700 $6,750 $16,499
Bel Air-Beverly Crest, Los Angeles, CA $2,313 $3,750 $9,200 $19,950

Top Counties Near Sherman Oaks

There are a total of 35 counties located by Sherman Oaks, Los Angeles, CA. Some of these counties include Ventura, CA, Los Angeles, CA, and Orange, CA. The average rent for rentals in these counties is $4,350. That's roughly around $3 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Ventura, CA. It's average rent per month is $4,072. Vice versa, with an average rent of $5,000, Orange, CA is the most expensive county by Sherman Oaks, Los Angeles, CA.

Typically, rent for studios in Sherman Oaks, Los Angeles, CA is 40.27% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Sherman Oaks, Los Angeles, CA is 23.00% more affordable than other counties nearby. Finally, rent for two bedrooms in Sherman Oaks, Los Angeles, CA is 7.78% more affordable than other counties nearby. We've listed the top 3 counties in the chart below.
County Studio 1 Bed 2 Bed All
Ventura, CA $2,948 $2,750 $3,060 $4,072
Los Angeles, CA $2,100 $2,608 $3,686 $4,350
Orange, CA $2,400 $2,695 $3,797 $5,000

Top Zipcodes Near Sherman Oaks

There are a total of 7 zipcodes in or near Sherman Oaks, Los Angeles, CA. The average rent for all of these zipcodes is $4,498. A total of 5 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 90045, Los Angeles, CA at $3,451 per month. In comparison, the zipcode with the most expensive average rent of $8,750 per month is 91604, Los Angeles, CA.

Studios in these zipcodes have an average rent of $2,300. That's at least $5 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Sherman Oaks, Los Angeles, CA is $2,900 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,138 per month. Which comes out to $4 per sqft. The following chart includes the top 7 zipcodes in Sherman Oaks, Los Angeles, CA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
91604, Los Angeles, CA N/A $2,900 $3,800 $8,750
90049, Los Angeles, CA $1,899 $3,295 $4,923 $7,350
90024, Los Angeles, CA $2,300 $3,750 $4,500 $5,250
90036, Los Angeles, CA $2,695 $2,960 $4,138 $4,197
90034, Los Angeles, CA $2,795 $2,398 $4,795 $4,498
91367, Los Angeles, CA N/A $2,465 $3,300 $4,075
90045, Los Angeles, CA $2,447 $2,578 $3,430 $3,451

Frequently Asked Questions - Sherman Oaks Average Rents

What is the average rent price in Sherman Oaks, Los Angeles, CA?
The average monthly rental price for Sherman Oaks, Los Angeles, CA apartments for rent is approximately $5,900. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Sherman Oaks, Los Angeles, CA rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Sherman Oaks, Los Angeles, CA.
How much is a studio apartment in Sherman Oaks, Los Angeles, CA?
The average monthly rental price for studio apartments is $1,711 and an average price per square feet of $4.88. There are a total of 4 studio apartment listings currently available for rent in Sherman Oaks.
How much is a one bedroom apartment in Sherman Oaks, Los Angeles, CA?
The average monthly rental price for one bedroom apartments is $2,191 and an average price per square feet of $2.67. There are a total of 7 one bedroom apartment listings currently available for rent in Sherman Oaks.
How much is a two bedroom apartment in Sherman Oaks, Los Angeles, CA?
The average monthly rental price for two bedroom apartments is $3,420 and an average price per square feet of $2.80. There are a total of 32 two bedroom apartment listings currently available for rent in Sherman Oaks.
How have rent prices in Sherman Oaks, Los Angeles, CA changed this year?
Rent prices for rentals in Sherman Oaks, Los Angeles, CA can fluctuate yearly. Specifically, studio rental prices have changed by -0.14%, one bedroom rental prices have changed by 0.13%, two bedroom rental prices have changed by 0.26%, and three bedroom rental prices have changed by 0.26% year-over-year.
What is a reasonable rent price in Sherman Oaks, Los Angeles, CA?
A reasonable rent price in Sherman Oaks, Los Angeles, CA is around $4,720/month. You can search for these reasonably priced rental listings on RentHop.
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