Citrus Commons
14150 Riverside Dr,
Sherman Oaks, CA 91423
Studio - 2 Beds | $2,811 - $6,061
Rental Market Trends in Sherman Oaks, CA
What is the average rent in Sherman Oaks, CA?
$2,111/month
Average Rent
670 Sq Ft
Average Apartment Size
-0.3%
Decrease in the Last Year
Sherman Oaks, CA Rental Market Overview
The average rent in Sherman Oaks, CA is $2,111 per month. This is 27% higher than the national average rent price of $1,662/month, making Sherman Oaks one of the most expensive cities in the US.
- Studio apartments in Sherman Oaks average $1,809 per month.
- One-bedroom apartments in Sherman Oaks average $2,111 per month.
- Two-bedroom apartments in Sherman Oaks average $2,794 per month.
- Three-bedroom apartments in Sherman Oaks average $3,511 or more per month.
Data Updated: July 1, 2026
Floor Plan Type
Average Rent
Average Sq Ft
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Average Sq Ft
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How much has average rent changed in Sherman Oaks, CA?
In the past year, rent has decreased by 0.3%, which averages out to $7 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2026
Legend
2025
2026
Rent Ranges in Sherman Oaks, CA
Last Updated July 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
7%
$1,001 - $1,500/month
21%
$1,501 - $2,000/month
71%
Above $2,000/month
What salary do I need to live comfortably in Sherman Oaks, CA?
Because the average rent in Sherman Oaks is $2,111, you’ll want to make about $7,036 per month or $84,432 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.
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Sherman Oaks We Think You'll Love
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Frequently Asked Questions
What is the average rent in Sherman Oaks?
The average rent in Sherman Oaks is $2,111 per month, which is 27.0% higher than the national average of $1,662.
What is the average rent for a house in Sherman Oaks?
The average rent for a house in Sherman Oaks, CA is $6,659 per month.
What is the average rent for a townhome in Sherman Oaks?
The average rent for a townhome in Sherman Oaks, CA is $3,184 per month.
What is the average rent for a condo in Sherman Oaks?
The average rent for a condo in Sherman Oaks, CA is $2,107 per month.
Are rents going up or down in Sherman Oaks?
Rents in Sherman Oaks, CA are decreasing, with prices down 0.3% year-over-year and $7 less per month.
What rent range is most common in Sherman Oaks?
In Sherman Oaks, CA, 71% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.