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 $1,968 for a studio rental to $14,999 for a 4-bedroom rental. The median price of all currently available listings is $7,523, or roughly $4 per square feet.
For the apartment units and housing in June 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $245 (14.23%) year-over-year from $1,723 to $1,968. 1-bedroom rentals prices have increased by $68 (3.19%) year-over-year from $2,127 to $2,195. 2-bedroom rentals prices have increased by $160 (5.71%) year-over-year from $2,806 to $2,967. 3-bedroom rentals prices have increased by $477 (9.72%) year-over-year from $4,912 to $5,389. 4-bedroom rentals prices have increased by $4,568 (57.58%) year-over-year from $7,933 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 8.17% this month. 1-bedroom rents have gone up by 5.56% this month. 2-bedroom rents have gone up by 6.42% this month. 3-bedroom rents have gone up by 14.38% this month. 4-bedroom rents have gone up by 21.28% this month.
Beds
Price / Sqft
Jun 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.14 $1,968 $1,723 (14.23%) $1,795 (9.66%)
1 BR $3.14 $2,195 $2,127 (3.19%) $1,814 (21.01%)
2 BR $2.91 $2,967 $2,806 (5.71%) $2,449 (21.11%)
3 BR $2.94 $5,389 $4,912 (9.72%) $4,295 (25.47%)
4+ BR $4.29 $12,500 $7,933 (57.58%) $11,062 (13.00%)

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 15 cities nearby Sherman Oaks. The average rent in Sherman Oaks is currently $4,973 per month. A total of 12 cities nearby have an average rent lower than that. Our records show that Costa Mesa, CA, with an average rent of $2,769, 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 $29,750 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 15.96% more affordable than other cities nearby. One bedrooms are about 22.72% more affordable. Two bedrooms in Sherman Oaks, Los Angeles, CA are about 28.87% more affordable. Finally, rent for three bedrooms are about 3.81% more affordable. Want more information? Check out the top 10 cities out of 15 total cities near Sherman Oaks, Los Angeles, CA in the following chart.
City Studio 1 Bed 2 Bed All
Costa Mesa, CA $2,227 $2,510 $3,350 $2,769
Long Beach, CA $2,000 $2,200 $3,000 $2,900
Glendale, CA $2,282 $2,350 $3,326 $3,295
Huntington Beach, CA $2,436 $2,901 $3,349 $4,022
Los Angeles, CA $2,225 $2,839 $3,995 $4,750
Santa Monica, CA $2,600 $3,400 $6,423 $5,900
West Hollywood, CA $5,100 $4,132 $5,825 $6,205
Newport Beach, CA $1,950 $2,257 $4,750 $7,000
Beverly Hills, CA $2,448 $3,773 $5,950 $12,500
Malibu, CA $1,995 $7,648 $7,000 $29,750

Top Neighborhoods Near Sherman Oaks

There are a total of 14 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 14 neighborhoods in or near Sherman Oaks, Los Angeles, CA in the following chart.

The average rent for these 14 neighborhoods in or near Sherman Oaks, Los Angeles, CA is currently around $3,923 per month. A total of 11 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $3,923. Out of all the neighborhoods in or near Sherman Oaks, Historic Cultural has the most affordable average rent at $2,554 per month. Whereas, at $20,000 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
Historic Cultural, Los Angeles, CA $2,289 $2,505 $3,241 $2,554
Wilshire Center - Koreatown, Los Angeles, CA $2,170 $2,650 $3,432 $2,669
Mesa Verde, Costa Mesa, CA $2,229 $2,566 $3,407 $2,703
Irvine Business Complex, Irvine, CA $2,488 $2,832 $3,708 $3,364
Downtown Los Angeles, Los Angeles, CA $2,400 $2,900 $4,995 $3,500
Westchester-Playa Del Rey, Los Angeles, CA $2,460 $2,854 $3,889 $3,892
Woodland Hills-Warner Center, Los Angeles, CA $2,200 $2,354 $3,050 $3,895
Marina del Rey, Los Angeles, CA N/A $3,014 $4,212 $3,950
Venice, Los Angeles, CA $2,276 $3,387 $3,972 $4,107
Westwood, Los Angeles, CA $3,195 $4,195 $5,375 $5,695
Mid-City West, Los Angeles, CA $2,695 $3,442 $5,500 $6,011
Hollywood Hills West, Los Angeles, CA $1,979 $2,236 $4,155 $7,748
Brentwood, Los Angeles, CA $3,248 $2,798 $4,875 $8,725
Bel Air-Beverly Crest, Los Angeles, CA N/A $4,500 $9,748 $20,000

Top Counties Near Sherman Oaks

There are a total of 14 counties located by Sherman Oaks, Los Angeles, CA. Some of these counties include Ventura, CA, Orange, CA, and Los Angeles, CA. The average rent for rentals in these counties is $4,400. 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 $4,225. Vice versa, with an average rent of $4,495, 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 11.79% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Sherman Oaks, Los Angeles, CA is 13.88% more affordable than other counties nearby. Finally, rent for two bedrooms in Sherman Oaks, Los Angeles, CA is 11.45% 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 $2,148 $2,335 $3,225 $4,225
Orange, CA $2,200 $2,634 $3,455 $4,400
Los Angeles, CA $2,235 $2,695 $3,800 $4,495

Top Zipcodes Near Sherman Oaks

There are a total of 20 zipcodes in or near Sherman Oaks, Los Angeles, CA. The average rent for all of these zipcodes is $5,648. A total of 13 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 92626, Costa Mesa, CA at $2,655 per month. In comparison, the zipcode with the most expensive average rent of $28,250 per month is 90210, Los Angeles, CA.

Studios in these zipcodes have an average rent of $2,245. 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 $2,914 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,755 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 $12,800 $16,925 $28,250
90049, Los Angeles, CA $3,248 $2,798 $4,875 $8,950
90046, Los Angeles, CA $1,980 $2,395 $5,800 $7,998
90069, Los Angeles, CA $5,200 $4,840 $6,800 $8,500
90024, Los Angeles, CA $3,195 $4,195 $5,475 $5,795
90048, Los Angeles, CA $2,745 $3,773 $4,673 $6,021
90068, Los Angeles, CA N/A $2,495 $6,000 $9,748
90005, Los Angeles, CA $2,224 $2,743 $4,838 $2,760
91367, Los Angeles, CA $2,350 $2,426 $3,300 $3,550
90291, Los Angeles, CA $2,850 $5,650 $4,550 $6,448

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 $7,523. 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 $1,968 and an average price per square feet of $4.14. 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 $2,313 and an average price per square feet of $3.14. There are a total of 5 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 $3,100 and an average price per square feet of $2.91. There are a total of 9 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 0.03%, two bedroom rental prices have changed by 0.06%, and three bedroom rental prices have changed by 0.10% 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 $6,018/month. You can search for these reasonably priced rental listings on RentHop.
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