Alexan Noho West
11950 W Erwin St,
North Hollywood, CA 91606
Studio - 2 Beds | $2,429 - $5,164
Rental Market Trends in Sherman Oaks, CA
What is the average rent in Sherman Oaks, CA?
$2,054/month
Average Rent
659 Sq Ft
Average Apartment Size
+0.4%
Increase in the Last Year
As of May 2025, the average rent in Sherman Oaks, CA is $2,054 per month. This is 26% higher than the national average rent price of $1,627/month, making Sherman Oaks one of the most expensive cities in the US. When you rent an apartment in Sherman Oaks, you can expect to pay about $1,720 per month for a studio, $2,054 for a one-bedroom apartment, and around $2,730 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,254 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Sherman Oaks, CA?
In the past year, rent has increased by 0.4%, which averages out to $9 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated May 2025
Legend
2024
2025
Rent Ranges in Sherman Oaks, CA
Last Updated May 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
1%
$700 - $1,000/month
9%
$1,001 - $1,500/month
23%
$1,501 - $2,000/month
67%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Sherman Oaks?
Based on current rent prices, Dickens Terrace South is the most affordable neighborhood in Sherman Oaks.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Sherman Oaks?
Based on current rent prices, Dickens Terrace South is the most expensive neighborhood in Sherman Oaks.
Neighborhood
Average Rent
Average Sq Ft
Which Sherman Oaks neighborhoods have the most rentals available?
The neighborhood in Sherman Oaks with the most apartments available is Dickens Terrace South .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Sherman Oaks, CA?
Because the average rent in Sherman Oaks is $2,054, you’ll want to make about $6,846 per month or $82,152 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Sherman Oaks, CA compare to other nearby cities and neighborhoods?
Use the tool below to compare Sherman Oaks, CA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
Apartment communities in Sherman Oaks we think you'll love
Property Management Companies in Sherman Oaks, CA
Moss & Company
-
126
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8,869
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31
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18 Communities in Sherman Oaks
Berglas & Garfield
-
26
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1,175
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-
9
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8 Communities in Sherman Oaks
Carlo, Inc.
-
14
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771
Units
-
8
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7 Communities in Sherman Oaks
Jones & Jones Communities
-
23
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-
2,649
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-
14
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6 Communities in Sherman Oaks
Kls Financial
-
16
Communities
-
693
Units
-
10
Cities
6 Communities in Sherman Oaks
Conrad Property Management
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11
Communities
-
263
Units
-
5
Cities
6 Communities in Sherman Oaks
The Beaumont Co.
-
22
Communities
-
691
Units
-
10
Cities
5 Communities in Sherman Oaks
AMC
-
647
Communities
-
126,696
Units
-
259
Cities
4 Communities in Sherman Oaks
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.