Average Rent in Sherman Oaks, Los Angeles, CA

Current Versus Historical Sherman Oaks, Los Angeles, CA Rents

Sherman Oaks rentals average $0 for a studio rental to $0 for a 1-bedroom rental. The median price of all currently available listings is $2,137, or roughly $4 per square feet.

For the apartment units and housing in July 2024, median rents have fallenover the last year. Studio rentals prices have increased by $74 (4.27%) year-over-year from $1,739 to $1,814. 1-bedroom rentals prices have decreased by $116 (-5.50%) year-over-year from $2,114 to $1,998. 2-bedroom rentals prices have decreased by $158 (-5.54%) year-over-year from $2,855 to $2,697. 3-bedroom rentals prices have decreased by $488 (-9.50%) year-over-year from $5,133 to $4,645. 4-bedroom rentals prices have increased by $2,943 (30.79%) year-over-year from $9,558 to $12,500. 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 3.50% this month. 1-bedroom rents have gone down by 1.59% this month. 2-bedroom rents have gone down by 0.04% this month. 3-bedroom rents have gone down by 4.67% this month. 4-bedroom rents have gone up by 7.99% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)

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 4 cities nearby Sherman Oaks. The average rent in Sherman Oaks is currently $2,808 per month. Our records show that Newport Beach, CA, with an average rent of $2,194, is the most affordable city nearby. In contrast, the most expensive city near Sherman Oaks, Los Angeles, CA is Huntington Beach, CA. Monthly rents here are on average $3,062 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 inf% more affordable than other cities nearby. One bedrooms are about inf% more affordable. Two bedrooms in Sherman Oaks, Los Angeles, CA are about inf% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 4 cities near Sherman Oaks, Los Angeles, CA in the following chart.

City	Studio	1 Bed	2 Bed	All
Newport Beach, CA	$1,883	$2,218	$2,878	$2,194
Costa Mesa, CA	$2,082	$2,517	$3,213	$2,663
Los Angeles, CA	$2,194	$2,736	$3,689	$2,953
Huntington Beach, CA	$2,374	$2,853	$3,517	$3,062

Top Neighborhoods Near Sherman Oaks

There are a total of 3 neighborhoods in or near Sherman Oaks. Some of these neighborhoods include Wilshire Center - Koreatown, Mesa Verde, and Venice. We've included all of these top 3 neighborhoods in or near Sherman Oaks, Los Angeles, CA in the following chart.

The average rent for these 3 neighborhoods in or near Sherman Oaks, Los Angeles, CA is currently around $2,905 per month. Meaning, only three neighborhoods have a higher average rent than $2,905. Interestingly, the neighborhoods' average rent is higher than Sherman Oaks's average rent, which is only $2,137. Out of all the neighborhoods in or near Sherman Oaks, Wilshire Center - Koreatown has the most affordable average rent at $2,584 per month. Whereas, at $3,257 average rent per month, Venice 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	$2,225	$2,461	$3,301	$2,584
Mesa Verde, Costa Mesa, CA	$2,095	$2,594	$3,375	$2,905
Venice, Los Angeles, CA	$2,209	$3,125	$3,894	$3,257

Top Counties Near Sherman Oaks

There are a total of 3 counties located by Sherman Oaks, Los Angeles, CA. The average rent for rentals in these counties is $2,787. That's roughly around $3 per sqft. The county that is the most affordable is Orange, CA. It's average rent per month is $2,706. Vice versa, with an average rent of $2,868, Los Angeles, CA is the most expensive county by Sherman Oaks, Los Angeles, CA.

Typically, rent for studios in Sherman Oaks, Los Angeles, CA is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Sherman Oaks, Los Angeles, CA is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in Sherman Oaks, Los Angeles, CA is inf% more affordable than other counties nearby. We've listed the top 2 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Orange, CA	$2,043	$2,533	$3,213	$2,706
Los Angeles, CA	$2,209	$2,607	$3,476	$2,868

Top Zipcodes Near Sherman Oaks

There are a total of 3 zipcodes in or near Sherman Oaks, Los Angeles, CA. The average rent for all of these zipcodes is $2,663.

The following chart includes the top 3 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
90292, Marina del Rey, CA	$2,202	$2,979	$3,908	$3,399
92626, Costa Mesa, CA	$2,082	$2,517	$3,213	$2,663
92663, Newport Beach, CA	$1,883	$2,218	$2,878	$2,194

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 $2,137. 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 $0 and an average price per square feet of $0.00. There are a total of 1 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 $0 and an average price per square feet of $0.00. There are a total of 1 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 $0 and an average price per square feet of $0.00. There are a total of 0 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 0.04%, one bedroom rental prices have changed by -0.06%, two bedroom rental prices have changed by -0.06%, and three bedroom rental prices have changed by -0.09% 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 $1,710/month. You can search for these reasonably priced rental listings on RentHop.