Sherman Oaks, Los Angeles, CA Rental Market Trends
Last updated: June 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Sherman Oaks is $2,531, a 1.81% increase compared to the previous year, when the average rent was $2,486.
Studio Apartments at $1,821 offer the most budget-friendly option with 465 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 715 square feet for $2,260, balancing privacy and affordability.
Two-beedroom units at $3,051 offer 1,092 square feet, perfect for roommates or small families.
Average rent in Sherman Oaks, Los Angeles, CA
Last updated: June 02, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,531 | 841 sq. ft. |
| Studio | $1,821 | 465 sq. ft. |
| 1 Bed | $2,260 | 715 sq. ft. |
| 2 Beds | $3,051 | 1,092 sq. ft. |
| 3 Beds | n/a | n/a |
Sherman Oaks, Los Angeles, CA rent trends
Rental prices in Sherman Oaks, Los Angeles, CA have increased by 1.81% over the past year. The average rent moved from $2,486 to $2,531.
What's the typical rent budget in Sherman Oaks, Los Angeles, CA?
The largest share of rentals in Sherman Oaks, Los Angeles, CA (28%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Sherman Oaks, Los Angeles, CA?
19,253 or 62% of the households in Sherman Oaks, Los Angeles, CA are renter-occupied while 12,026 or 38% are owner-occupied.
Most affordable neighborhoods in Sherman Oaks?
Arlington Heights $1,595/month
Pico - Union $1,774/month
Leimert Park $1,808/month
All of these neighborhoods fall below the city wide average of $2,749/month.Most expensive neighborhoods in Sherman Oaks?
West Adams $4,143/month
Playa Vista $4,144/month
Ocean Park $4,161/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Los Angeles, CA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Ocean Park | $4,161 |
| Playa Vista | $4,144 |
| West Adams | $4,143 |
| Exposition Park | $4,057 |
| Sawtelle | $3,921 |
| Mid-City Santa Monica | $3,883 |
| University Park | $3,857 |
| Fairfax | $3,730 |
| Westwood | $3,712 |
| Brentwood | $3,694 |
| Downtown Santa Monica | $3,691 |
| Beverly Grove | $3,614 |
| Del Rey | $3,474 |
| Pico - Robertson | $3,426 |
| Wilshire - Montana | $3,404 |
| Venice | $3,367 |
| Fox Hills | $3,364 |
| Historic South-Central | $3,354 |
| Mid-Wilshire | $3,330 |
| Playa del Rey | $3,308 |
| Rancho Park | $3,255 |
| Windsor Square | $3,183 |
| Hancock Park | $3,157 |
| Larchmont | $3,111 |
| Pico | $3,038 |
| Hollywood Hills West | $3,013 |
| Westchester | $2,992 |
| Downtown Los Angeles | $2,892 |
| Palms | $2,833 |
| Woodland Hills | $2,820 |
| Studio City | $2,701 |
| Hollywood | $2,680 |
| Mar Vista | $2,672 |
| Echo Park | $2,670 |
| Mid-City | $2,633 |
| West Los Angeles | $2,612 |
| Carthay | $2,567 |
| Atwater Village | $2,538 |
| Sherman Oaks | $2,531 |
| Cheviot Hills | $2,530 |
| Toluka Lake | $2,528 |
| Chinatown | $2,522 |
| Chatsworth | $2,505 |
| North Hollywood | $2,504 |
| Valley Village | $2,501 |
| Los Feliz | $2,490 |
| Harvard Heights | $2,489 |
| Northridge | $2,481 |
| Encino | $2,443 |
| Canoga Park | $2,426 |
| Silver Lake | $2,423 |
| Hollywood Hills | $2,403 |
| Boyle Heights | $2,380 |
| Sunkist Park | $2,291 |
| Shadow Hills | $2,239 |
| East Hollywood | $2,235 |
| Pacoima | $2,226 |
| Koreatown | $2,223 |
| Granada Hills | $2,203 |
| Highland Park | $2,199 |
| Eagle Rock | $2,198 |
| Lincoln Heights | $2,196 |
| Tarzana | $2,177 |
| Westlake | $2,167 |
| Mission Hills | $2,149 |
| Valley Glen | $2,145 |
| Baldwin Hills - Crenshaw | $2,128 |
| Van Nuys | $2,116 |
| Sylmar | $2,113 |
| Century City | $2,101 |
| Reseda | $2,064 |
| North Hills | $2,060 |
| Glassell Park | $2,039 |
| Lake Balboa | $2,022 |
| Mount Washington | $2,007 |
| Panorama City | $1,980 |
| Lake View Terrace | $1,919 |
| Winnetka | $1,917 |
| Hyde Park | $1,907 |
| El Sereno | $1,896 |
| Sunland | $1,882 |
| Sun Valley | $1,867 |
| Jefferson Park | $1,848 |
| Leimert Park | $1,808 |
| Pico - Union | $1,774 |
| Arlington Heights | $1,595 |
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Los Angeles | Rent Comparison by Neighborhood
Rent in Sherman Oaks is 59% higher than in Arlington Heights
$2,531
Sherman Oaks rent is the same as Los Angeles average
Average Rent
$2,531
$1,595
Arlington Heights rent is 37% lower than Los Angeles average
Average Rent
$1,595
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Sherman Oaks apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.