Citrus Commons
14150 Riverside Dr,
Sherman Oaks, CA 91423
Studio - 2 Beds | $2,771 - $6,061
Rental Market Trends in Sherman Oaks, CA
Updated August 2026
The average rent in Sherman Oaks, CA is $2,108/month.
Rent in Sherman Oaks is 27% higher than the national average rent of $1,664/month, making this one of the more expensive cities statewide.
$2,108/month
Average Rent
669 Sq Ft
Average Size
-0.4%
Change / Year
1,886
Available Apartments
Sherman Oaks rent varies by unit size and layout:
- Studio apartments in Sherman Oaks average $1,838 per month.
- One-bedroom apartments in Sherman Oaks average $2,108 per month.
- Two-bedroom apartments in Sherman Oaks average $2,796 per month.
- Three-bedroom apartments in Sherman Oaks average $3,323 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Sherman Oaks, CA?
In the past year, rent has decreased by 0.4%, which averages out to $8 less per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Sherman Oaks, CA
August 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
6%
$1,001 - $1,500/month
21%
$1,501 - $2,000/month
72%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Sherman Oaks?
Based on current rent prices, Sherman Oaks 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, Sherman Oaks 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 Sherman Oaks .
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 $2,108, you’ll want to make about $7,026 per month or $84,312 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.
View the Sherman Oaks Area GuideStudio
$1,850/month
$1,850/month
One Bedroom
$2,111/month
$2,111/month
Two Bedroom
$2,773/month
$2,773/month
Three Bedroom
$3,293/month
$3,293/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Van Nuys
Avg Rent: $1,655/month
-
Valley Glen
Avg Rent: $2,257/month
-
Encino
Avg Rent: $2,092/month
-
Lake Balboa
Avg Rent: $1,906/month
-
Studio City
Avg Rent: $2,289/month
-
Valley Village
Avg Rent: $1,951/month
-
North Hollywood
Avg Rent: $1,912/month
-
Panorama City
Avg Rent: $1,604/month
-
Toluca Lake
Avg Rent: $2,489/month
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 $2,108 per month, which is 26.7% higher than the national average of $1,664.
What is the average rent for a house in Sherman Oaks?
The average rent for a house in Sherman Oaks, CA is $6,705 per month.
What is the average rent for a townhome in Sherman Oaks?
The average rent for a townhome in Sherman Oaks, CA is $3,145 per month.
What is the average rent for a condo in Sherman Oaks?
The average rent for a condo in Sherman Oaks, CA is $2,283 per month.
Are rents going up or down in Sherman Oaks?
Rents in Sherman Oaks, CA are decreasing, with prices down 0.4% year-over-year and $8 less per month.
What rent range is most common in Sherman Oaks?
In Sherman Oaks, CA, 72% 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.