Sherman Oaks, Los Angeles, CA Rental Market Trends
Last updated: August 31, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Sherman Oaks is $2,540, a 2.04% increase compared to the previous year, when the average rent was $2,489.
Studio Apartments at $1,792 offer the most budget-friendly option with 464 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 716 square feet for $2,258, balancing privacy and affordability.
Two-bedroom units at $3,045 offer 1,102 square feet, perfect for roommates or small families.
Average rent in Sherman Oaks, Los Angeles, CA
Last updated: August 31, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,540 | 853 sq. ft. |
| Studio | $1,792 | 464 sq. ft. |
| 1 Bed | $2,258 | 716 sq. ft. |
| 2 Beds | $3,045 | 1,102 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 2.04% over the past year. The average rent moved from $2,489 to $2,540.
What's the typical rent budget in Sherman Oaks, Los Angeles, CA?
The largest share of rentals in Sherman Oaks, Los Angeles, CA (37%) 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?
Leimert Park $1,275/month
Arlington Heights $1,702/month
El Sereno $1,717/month
All of these neighborhoods fall below the city wide average of $2,758/month.Most expensive neighborhoods in Sherman Oaks?
Playa Vista $4,079/month
Exposition Park $4,168/month
West Adams $4,182/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Los Angeles, CA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| West Adams | $4,182 |
| Exposition Park | $4,168 |
| Playa Vista | $4,079 |
| Mid-City Santa Monica | $3,964 |
| Sawtelle | $3,937 |
| University Park | $3,866 |
| Westwood | $3,721 |
| Downtown Santa Monica | $3,703 |
| Beverly Grove | $3,669 |
| Brentwood | $3,648 |
| Ocean Park | $3,624 |
| Fairfax | $3,555 |
| Historic South-Central | $3,554 |
| Wilshire - Montana | $3,472 |
| Pico - Robertson | $3,462 |
| Rancho Park | $3,394 |
| Venice | $3,376 |
| Del Rey | $3,350 |
| Playa del Rey | $3,253 |
| Mid-Wilshire | $3,235 |
| Echo Park | $3,230 |
| Fox Hills | $3,230 |
| Larchmont | $3,138 |
| Hollywood Hills West | $3,133 |
| Hancock Park | $3,086 |
| Westchester | $2,992 |
| Windsor Square | $2,962 |
| Downtown Los Angeles | $2,925 |
| Palms | $2,875 |
| West Los Angeles | $2,820 |
| Woodland Hills | $2,812 |
| Mid-City | $2,708 |
| Mar Vista | $2,704 |
| Hollywood | $2,700 |
| Studio City | $2,698 |
| Carthay | $2,673 |
| East Hollywood | $2,662 |
| Pico | $2,626 |
| Chinatown | $2,618 |
| Harvard Heights | $2,603 |
| Los Feliz | $2,554 |
| Toluka Lake | $2,549 |
| Cheviot Hills | $2,546 |
| Valley Village | $2,544 |
| Sherman Oaks | $2,540 |
| Chatsworth | $2,510 |
| Granada Hills | $2,493 |
| North Hollywood | $2,489 |
| Northridge | $2,486 |
| Silver Lake | $2,455 |
| Atwater Village | $2,441 |
| Encino | $2,424 |
| Canoga Park | $2,413 |
| Boyle Heights | $2,311 |
| Hollywood Hills | $2,297 |
| Baldwin Hills - Crenshaw | $2,291 |
| Sunkist Park | $2,268 |
| Pacoima | $2,255 |
| Koreatown | $2,219 |
| Westlake | $2,205 |
| Valley Glen | $2,198 |
| Hyde Park | $2,185 |
| Tarzana | $2,182 |
| Lincoln Heights | $2,179 |
| Eagle Rock | $2,170 |
| Shadow Hills | $2,162 |
| Highland Park | $2,159 |
| Century City | $2,159 |
| Sylmar | $2,139 |
| Mission Hills | $2,103 |
| Mount Washington | $2,087 |
| Van Nuys | $2,085 |
| North Hills | $2,058 |
| Reseda | $2,051 |
| Lake Balboa | $2,011 |
| Panorama City | $1,987 |
| Sunland | $1,979 |
| Glassell Park | $1,977 |
| Winnetka | $1,896 |
| Sun Valley | $1,870 |
| Lake View Terrace | $1,862 |
| Jefferson Park | $1,851 |
| Pico - Union | $1,736 |
| El Sereno | $1,717 |
| Arlington Heights | $1,702 |
| Leimert Park | $1,275 |
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Los Angeles | Rent Comparison by Neighborhood
Rent in Sherman Oaks is 49% higher than in Arlington Heights
$2,540
Sherman Oaks rent is the same as Los Angeles average
Average Rent
$2,540
$1,702
Arlington Heights rent is 33% lower than Los Angeles average
Average Rent
$1,702
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.