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 $2,095 for a studio rental to $18,250 for a 4-bedroom rental. The median price of all currently available listings is $6,950, or roughly $4 per square feet.

For the apartment units and housing in January 2025, median rents have risen substantially over the last year. Studio rentals prices have increased by $516 (30.73%) year-over-year from $1,679 to $2,195. 1-bedroom rentals prices have increased by $292 (14.17%) year-over-year from $2,058 to $2,350. 2-bedroom rentals prices have increased by $381 (13.53%) year-over-year from $2,814 to $3,195. 3-bedroom rentals prices have increased by $1,504 (34.82%) year-over-year from $4,319 to $5,823. 4-bedroom rentals prices have increased by $6,402 (74.45%) year-over-year from $8,598 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 up by 20.74% this month. 1-bedroom rents have gone up by 6.88% this month. 2-bedroom rents have gone up by 0.42% this month. 3-bedroom rents have gone up by 12.17% this month. 4-bedroom rents have gone up by 42.86% this month.

Beds	Price / Sqft	Jan 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$7.74	$2,195	$1,679 (30.73%)	$2,106 (4.21%)
1 BR	$3.42	$2,350	$2,058 (14.17%)	$1,864 (26.06%)
2 BR	$2.93	$3,195	$2,814 (13.53%)	$2,698 (18.44%)
3 BR	$3.24	$5,823	$4,319 (34.82%)	$3,873 (50.32%)
4+ BR	$4.20	$15,000	$8,598 (74.45%)	$8,416 (78.24%)

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 23 cities nearby Sherman Oaks. The average rent in Sherman Oaks is currently $4,267 per month. A total of 19 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 $30,250 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 4.77% more affordable than other cities nearby. One bedrooms are about 10.11% more affordable. Two bedrooms in Sherman Oaks, Los Angeles, CA are about 14.00% more affordable. Finally, rent for three bedrooms are about 12.29% more expensive. Want more information? Check out the top 10 cities out of 23 total cities near Sherman Oaks, Los Angeles, CA in the following chart.

City	Studio	1 Bed	2 Bed	All
Inglewood, CA	$1,648	$2,148	$2,750	$2,873
Santa Clarita, CA	N/A	$2,450	$2,985	$2,965
Glendale, CA	$2,509	$2,488	$3,149	$3,050
Burbank, CA	N/A	$3,247	$3,500	$3,800
Santa Monica, CA	$3,292	$3,200	$4,350	$3,995
Redondo Beach, CA	$2,995	$3,300	$3,848	$4,098
Los Angeles, CA	$2,200	$2,750	$3,795	$4,267
West Hollywood, CA	$2,778	$3,398	$5,695	$5,025
Beverly Hills, CA	$2,195	$3,900	$6,498	$7,995
Malibu, CA	$5,948	$6,000	$7,000	$30,250

Top Neighborhoods Near Sherman Oaks

There are a total of 31 neighborhoods in or near Sherman Oaks. Some of these neighborhoods include Wilshire Center - Koreatown, Historic Cultural, and Downtown Long Beach. We've included the top 30 neighborhoods out of 31 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 $4,500 per month. A total of 25 neighborhoods have a lower average rent. Meaning, only five neighborhoods have a higher average rent than $4,500. Out of all the neighborhoods in or near Sherman Oaks, Wilshire Center - Koreatown has the most affordable average rent at $2,800 per month. Whereas, at $22,000 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	$1,971	$2,582	$3,461	$2,800
Historic Cultural, Los Angeles, CA	$2,332	$2,500	$3,465	$2,823
Downtown Long Beach, Long Beach, CA	$2,566	$2,830	$3,694	$2,838
Downtown Los Angeles, Los Angeles, CA	$2,098	$2,880	$4,107	$3,026
Congress North, Los Angeles, CA	N/A	$1,800	$2,610	$3,170
Mar Vista, Los Angeles, CA	$2,973	$2,613	$3,600	$3,198
Hollywood Studio District, Los Angeles, CA	$1,795	$2,295	$3,150	$3,400
Mid-Town North Hollywood, Los Angeles, CA	$1,995	$2,601	$3,473	$3,593
Irvine Business Complex, Irvine, CA	$2,602	$2,860	$3,745	$3,614
Westchester-Playa Del Rey, Los Angeles, CA	$2,381	$2,999	$3,953	$3,800
PICO, Los Angeles, CA	$2,000	$2,995	$3,695	$3,850
West Los Angeles, Los Angeles, CA	$2,195	$3,295	$3,798	$3,990
Marina del Rey, Los Angeles, CA	$2,595	$3,661	$4,950	$4,000
South Robertson, Los Angeles, CA	$2,200	$2,495	$3,650	$4,148
Greater Wilshire, Los Angeles, CA	N/A	$2,700	$3,795	$4,400
Central Hollywood, Los Angeles, CA	N/A	$3,560	$5,210	$4,500
Westwood, Los Angeles, CA	$2,495	$3,950	$4,420	$4,500
Greater Valley Glen, Los Angeles, CA	$2,200	$1,950	$3,600	$4,500
Mid City, Los Angeles, CA	N/A	$3,073	$2,773	$4,550
Mid-City West, Los Angeles, CA	$2,595	$3,248	$4,439	$4,960
Westside, Los Angeles, CA	$2,648	$2,900	$4,575	$5,098
Brentwood, Los Angeles, CA	$2,645	$3,148	$4,673	$5,500
Woodland Hills-Warner Center, Los Angeles, CA	N/A	$2,332	$3,050	$5,700
Venice, Los Angeles, CA	$3,013	$4,298	$5,950	$6,014
Hollywood Hills West, Los Angeles, CA	$2,073	$2,795	$4,519	$7,500
Tarzana, Los Angeles, CA	$1,743	$2,175	$3,035	$7,925
Hollywood United, Los Angeles, CA	$1,923	$3,200	$5,595	$8,373
Studio City, Los Angeles, CA	N/A	$2,775	$3,850	$8,625
Encino, Los Angeles, CA	N/A	$2,325	$3,084	$9,900
Bel Air-Beverly Crest, Los Angeles, CA	$2,500	$5,598	$8,995	$22,000

Top Counties Near Sherman Oaks

There are a total of 31 counties located by Sherman Oaks, Los Angeles, CA. Some of these counties include Los Angeles, CA, Ventura, CA, and Orange, CA. The average rent for rentals in these counties is $4,175. 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 Los Angeles, CA. It's average rent per month is $4,000. 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 14.56% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Sherman Oaks, Los Angeles, CA is 6.37% more affordable than other counties nearby. Finally, rent for two bedrooms in Sherman Oaks, Los Angeles, CA is 12.59% more affordable than other counties nearby. We've listed the top 3 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Los Angeles, CA	$2,200	$2,657	$3,600	$4,000
Ventura, CA	$2,475	$2,535	$3,200	$4,175
Orange, CA	$2,400	$2,675	$3,750	$5,000

Top Zipcodes Near Sherman Oaks

There are a total of 6 zipcodes in or near Sherman Oaks, Los Angeles, CA. The average rent for all of these zipcodes is $4,609. 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 91367, Los Angeles, CA at $3,931 per month. In comparison, the zipcode with the most expensive average rent of $9,500 per month is 91604, Los Angeles, CA.

Studios in these zipcodes have an average rent of $2,500. 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 $3,048 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,343 per month. Which comes out to $4 per sqft. The following chart includes the top 6 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	$2,650	$3,850	$9,500
90049, Los Angeles, CA	$2,500	$3,148	$5,143	$5,550
90024, Los Angeles, CA	$2,500	$3,950	$4,243	$4,300
90036, Los Angeles, CA	$2,830	$3,195	$4,443	$4,917
90034, Los Angeles, CA	$3,310	$2,948	$4,629	$3,950
91367, Los Angeles, CA	N/A	$2,300	$3,050	$3,931

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 $6,950. 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 $2,095 and an average price per square feet of $7.74. There are a total of 6 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 $2,498 and an average price per square feet of $3.42. There are a total of 14 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 $3,198 and an average price per square feet of $2.93. There are a total of 26 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 0.31%, one bedroom rental prices have changed by 0.14%, two bedroom rental prices have changed by 0.14%, and three bedroom rental prices have changed by 0.35% 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 $5,560/month. You can search for these reasonably priced rental listings on RentHop.