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 $1,995 for a studio rental to $15,000 for a 4-bedroom rental. The median price of all currently available listings is $6,000, or roughly $3 per square feet.

For the apartment units and housing in December 2024, median rents have risen over the last year. Studio rentals prices have increased by $240 (14.01%) year-over-year from $1,710 to $1,950. 1-bedroom rentals prices have increased by $163 (7.92%) year-over-year from $2,059 to $2,223. 2-bedroom rentals prices have increased by $486 (17.89%) year-over-year from $2,714 to $3,200. 3-bedroom rentals prices have increased by $1,015 (23.14%) year-over-year from $4,385 to $5,400. 4-bedroom rentals prices have increased by $2,224 (24.65%) year-over-year from $9,023 to $11,248. 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 10.43% this month. 1-bedroom rents have gone up by 2.30% this month. 2-bedroom rents have gone up by 5.25% this month. 3-bedroom rents have gone up by 0.15% this month. 4-bedroom rents have gone up by 11.19% this month.

Beds	Price / Sqft	Dec 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.88	$1,950	$1,710 (14.01%)	$2,075 (-6.03%)
1 BR	$3.14	$2,223	$2,059 (7.92%)	$1,841 (20.73%)
2 BR	$2.83	$3,200	$2,714 (17.89%)	$2,689 (19.00%)
3 BR	$3.45	$5,400	$4,385 (23.14%)	$4,181 (29.16%)
4+ BR	$3.71	$11,248	$9,023 (24.65%)	$10,165 (10.65%)

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 28 cities nearby Sherman Oaks. The average rent in Sherman Oaks is currently $4,875 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 $2,850, 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 $19,998 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 3.57% more expensive than other cities nearby. One bedrooms are about 17.59% more affordable. Two bedrooms in Sherman Oaks, Los Angeles, CA are about 21.03% more affordable. Finally, rent for three bedrooms are about 11.55% more expensive. Want more information? Check out the top 10 cities out of 28 total cities near Sherman Oaks, Los Angeles, CA in the following chart.

City	Studio	1 Bed	2 Bed	All
Inglewood, CA	$1,898	$1,995	$2,900	$2,900
Glendale, CA	$2,295	$2,350	$3,036	$3,086
Pasadena, CA	N/A	$2,714	$3,250	$3,400
Burbank, CA	$2,250	$2,600	$3,700	$3,813
Los Angeles, CA	$2,059	$2,695	$3,850	$4,500
Santa Monica, CA	$3,250	$3,399	$4,923	$4,950
West Hollywood, CA	$3,235	$3,600	$5,500	$5,075
Calabasas, CA	N/A	$2,764	$3,475	$6,970
Manhattan Beach, CA	N/A	$4,150	$5,500	$10,000
Beverly Hills, CA	$2,195	$3,500	$6,325	$10,950

Top Neighborhoods Near Sherman Oaks

There are a total of 33 neighborhoods in or near Sherman Oaks. Some of these neighborhoods include Historic Cultural, Wilshire Center - Koreatown, and Hollywood Studio District. We've included the top 30 neighborhoods out of 33 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 23 neighborhoods have a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $4,500. Out of all the neighborhoods in or near Sherman Oaks, Historic Cultural has the most affordable average rent at $2,664 per month. Whereas, at $19,500 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
Historic Cultural, Los Angeles, CA	$2,024	$2,475	$3,256	$2,664
Wilshire Center - Koreatown, Los Angeles, CA	$1,927	$2,487	$3,448	$2,695
Hollywood Studio District, Los Angeles, CA	$1,795	$1,950	$3,150	$3,150
Congress North, Los Angeles, CA	N/A	$1,800	$2,610	$3,170
Downtown Los Angeles, Los Angeles, CA	$2,093	$2,879	$4,102	$3,295
Reseda, Los Angeles, CA	$1,700	$1,900	$3,175	$3,525
Mid-Town North Hollywood, Los Angeles, CA	$2,085	$2,491	$3,500	$3,598
Westchester-Playa Del Rey, Los Angeles, CA	$2,427	$2,844	$3,831	$3,900
Mar Vista, Los Angeles, CA	$3,000	$2,575	$4,395	$3,975
South Robertson, Los Angeles, CA	$1,950	$2,445	$3,550	$3,995
Greater Wilshire, Los Angeles, CA	N/A	$2,600	$3,795	$4,000
West Los Angeles, Los Angeles, CA	$2,095	$3,273	$3,695	$4,060
PICO, Los Angeles, CA	N/A	$2,761	$3,598	$4,200
Mid City, Los Angeles, CA	N/A	$3,350	$2,773	$4,488
Central Hollywood, Los Angeles, CA	N/A	$3,588	$4,376	$4,500
Marina del Rey, Los Angeles, CA	$3,295	$3,334	$5,190	$4,655
Woodland Hills-Warner Center, Los Angeles, CA	N/A	$2,399	$3,329	$4,950
Mid-City West, Los Angeles, CA	$2,617	$3,200	$4,865	$5,300
Westwood, Los Angeles, CA	$2,490	$4,597	$4,817	$5,450
Westside, Los Angeles, CA	$2,500	$2,948	$5,225	$5,932
Brentwood, Los Angeles, CA	N/A	$3,095	$4,575	$6,035
Tarzana, Los Angeles, CA	N/A	$2,175	$3,375	$6,700
Hollywood Hills West, Los Angeles, CA	$2,059	$2,875	$4,050	$6,900
Venice, Los Angeles, CA	$2,988	$4,273	$6,400	$7,925
Studio City, Los Angeles, CA	N/A	$2,900	$3,950	$7,998
North of Montana, Santa Monica, CA	$4,548	$4,675	$8,075	$8,900
Encino, Los Angeles, CA	N/A	$2,400	$3,125	$8,950
Hollywood United, Los Angeles, CA	N/A	$3,200	$5,425	$9,000
Pacific Palisades, Los Angeles, CA	N/A	$3,200	$6,288	$16,995
Bel Air-Beverly Crest, Los Angeles, CA	$2,495	$3,873	$8,500	$19,500

Top Counties Near Sherman Oaks

There are a total of 33 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 $4,250. 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 $4,200. 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 19.95% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Sherman Oaks, Los Angeles, CA is 13.04% more affordable than other counties nearby. Finally, rent for two bedrooms in Sherman Oaks, Los Angeles, CA is 18.88% 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	$2,500	$2,483	$3,200	$4,200
Los Angeles, CA	$2,095	$2,600	$3,623	$4,250
Orange, CA	$2,393	$2,613	$3,800	$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 $4,143. A total of 6 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 $3,005 per month. In comparison, the zipcode with the most expensive average rent of $8,250 per month is 91604, Los Angeles, CA.

Studios in these zipcodes have an average rent of $2,490. 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 $4,229 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	$3,650	$8,250
90049, Los Angeles, CA	$2,525	$2,995	$4,795	$5,998
90024, Los Angeles, CA	$2,490	$4,597	$4,500	$5,450
90036, Los Angeles, CA	$2,733	$3,000	$4,513	$4,143
90034, Los Angeles, CA	$3,250	$2,588	$4,229	$4,018
91367, Los Angeles, CA	N/A	$2,410	$3,300	$3,999
90045, Los Angeles, CA	$2,467	$2,845	$3,342	$3,005

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 $6,000. 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 $1,995 and an average price per square feet of $4.88. There are a total of 5 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 $2,300 and an average price per square feet of $3.14. There are a total of 12 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 $3,048 and an average price per square feet of $2.83. There are a total of 28 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 0.08%, two bedroom rental prices have changed by 0.18%, and three bedroom rental prices have changed by 0.23% 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 $4,800/month. You can search for these reasonably priced rental listings on RentHop.