Average Rent in Sherman Oaks, Los Angeles, CA

Current Versus Historical Sherman Oaks, Los Angeles, CA Rents

Sherman Oaks rentals average $2,106 for a studio rental to $15,750 for a 4-bedroom rental. The median price of all currently available listings is $7,495, or roughly $4 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $82 (-4.37%) year-over-year from $1,879 to $1,797. 1-bedroom rentals prices have increased by $7 (0.34%) year-over-year from $2,088 to $2,095. 2-bedroom rentals prices have increased by $135 (4.81%) year-over-year from $2,815 to $2,950. 3-bedroom rentals prices have decreased by $563 (-11.14%) year-over-year from $5,058 to $4,495. 4-bedroom rentals prices have increased by $6,113 (77.50%) year-over-year from $7,888 to $14,000. 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 4.37% this month. 1-bedroom rents have gone up by 3.29% this month. 2-bedroom rents have gone up by 2.95% this month. 3-bedroom rents have gone up by 2.98% this month. 4-bedroom rents have gone up by 44.83% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.37	$1,797	$1,879 (-4.37%)	$1,546 (16.18%)
1 BR	$3.25	$2,095	$2,088 (0.34%)	$1,723 (21.61%)
2 BR	$3.13	$2,950	$2,815 (4.81%)	$2,423 (21.78%)
3 BR	$3.29	$4,495	$5,058 (-11.14%)	$3,782 (18.87%)
4+ BR	$4.14	$14,000	$7,888 (77.50%)	$8,398 (66.72%)

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 17 cities nearby Sherman Oaks. The average rent in Sherman Oaks is currently $4,400 per month. A total of 14 cities nearby have an average rent lower than that. Our records show that Long Beach, CA, with an average rent of $2,600, 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 $29,500 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 5.08% more expensive than other cities nearby. One bedrooms are about 35.09% more affordable. Two bedrooms in Sherman Oaks, Los Angeles, CA are about 16.67% more affordable. Finally, rent for three bedrooms are about 0.90% more expensive. Want more information? Check out the top 10 cities out of 17 total cities near Sherman Oaks, Los Angeles, CA in the following chart.

City	Studio	1 Bed	2 Bed	All
Long Beach, CA	$1,995	$2,275	$2,750	$2,600
Lancaster, CA	N/A	$1,200	$2,048	$2,800
Santa Clarita, CA	N/A	$2,393	$2,950	$2,903
Glendale, CA	$2,113	$2,100	$2,961	$2,961
Huntington Beach, CA	$2,100	$2,712	$3,375	$3,623
Los Angeles, CA	$1,995	$2,695	$3,980	$4,300
West Hollywood, CA	$2,750	$3,150	$5,500	$4,840
Santa Monica, CA	$2,539	$3,195	$5,975	$6,105
Beverly Hills, CA	$2,073	$3,325	$5,995	$10,750
Malibu, CA	$6,998	$5,950	$8,000	$29,500

Top Neighborhoods Near Sherman Oaks

There are a total of 15 neighborhoods in or near Sherman Oaks. Some of these neighborhoods include Historic Cultural, Wilshire Center - Koreatown, and Mesa Verde. We've included all of these top 15 neighborhoods in or near Sherman Oaks, Los Angeles, CA in the following chart.

The average rent for these 15 neighborhoods in or near Sherman Oaks, Los Angeles, CA is currently around $3,749 per month. A total of 13 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $3,749. Out of all the neighborhoods in or near Sherman Oaks, Historic Cultural has the most affordable average rent at $2,443 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	$1,972	$2,339	$2,930	$2,443
Wilshire Center - Koreatown, Los Angeles, CA	$1,814	$2,347	$2,775	$2,472
Mesa Verde, Costa Mesa, CA	$2,099	$2,598	$3,339	$2,658
Mid-Town North Hollywood, Los Angeles, CA	$2,200	$2,621	$3,050	$3,034
Irvine Business Complex, Irvine, CA	$2,615	$2,731	$3,899	$3,038
Downtown Los Angeles, Los Angeles, CA	$2,170	$2,936	$3,980	$3,325
Westchester-Playa Del Rey, Los Angeles, CA	$2,297	$3,021	$3,900	$3,629
Marina del Rey, Los Angeles, CA	$2,456	$2,963	$4,077	$3,749
Woodland Hills-Warner Center, Los Angeles, CA	N/A	$2,335	$3,118	$4,500
Westwood, Los Angeles, CA	$3,195	$3,995	$5,098	$5,295
Venice, Los Angeles, CA	$2,088	$3,368	$4,927	$5,455
Hollywood Hills West, Los Angeles, CA	$1,896	$2,277	$4,480	$6,775
Mid-City West, Los Angeles, CA	$1,675	$3,236	$5,800	$6,875
Westside, Los Angeles, CA	$2,573	$6,309	$12,100	$9,275
Bel Air-Beverly Crest, Los Angeles, CA	N/A	$3,800	$6,250	$19,500

Top Counties Near Sherman Oaks

There are a total of 15 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 $4,000. 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 $3,475. Vice versa, with an average rent of $4,273, Orange, CA is the most expensive county by Sherman Oaks, Los Angeles, CA.

Typically, rent for studios in Sherman Oaks, Los Angeles, CA is 5.27% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Sherman Oaks, Los Angeles, CA is 27.57% more affordable than other counties nearby. Finally, rent for two bedrooms in Sherman Oaks, Los Angeles, CA is 3.58% 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	$1,775	$2,125	$2,965	$3,475
Los Angeles, CA	$1,995	$2,545	$3,700	$4,000
Orange, CA	$2,050	$2,591	$3,418	$4,273

Top Zipcodes Near Sherman Oaks

There are a total of 22 zipcodes in or near Sherman Oaks, Los Angeles, CA. The average rent for all of these zipcodes is $4,913. A total of 17 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 92663, Newport Beach, CA at $2,318 per month. In comparison, the zipcode with the most expensive average rent of $25,000 per month is 90210, Los Angeles, CA.

Studios in these zipcodes have an average rent of $1,987. That's at least $4 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 $2,799 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,530 per month. Which comes out to $4 per sqft. The following chart includes the top 10 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
90210, Los Angeles, CA	N/A	$11,000	$17,250	$25,000
90049, Los Angeles, CA	N/A	$2,825	$5,495	$6,095
90046, Los Angeles, CA	$1,896	$2,428	$4,588	$6,976
90069, Los Angeles, CA	$3,299	$4,250	$7,000	$9,300
90024, Los Angeles, CA	$3,195	$3,995	$4,948	$5,375
90048, Los Angeles, CA	$1,975	$3,295	$6,240	$7,100
90068, Los Angeles, CA	N/A	$2,748	$5,295	$9,995
90025, Los Angeles, CA	$2,450	$2,599	$3,945	$3,895
90028, Los Angeles, CA	$2,050	$2,310	$3,895	$3,151
91367, Los Angeles, CA	N/A	$2,344	$3,250	$4,000

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 $7,495. 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 $2,106 and an average price per square feet of $4.37. There are a total of 3 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 $1,995 and an average price per square feet of $3.25. There are a total of 3 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 $3,300 and an average price per square feet of $3.13. There are a total of 7 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 0.00%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by -0.11% 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 $5,996/month. You can search for these reasonably priced rental listings on RentHop.