Alexan Noho West
11950 W Erwin St,
North Hollywood, CA 91606
Studio - 2 Beds | $2,512 - $4,640
Rental Market Trends in Sherman Oaks, CA
What is the average rent in Sherman Oaks, CA?
$2,061/month
Average Rent
659 Sq Ft
Average Apartment Size
+0.5%
Increase in the Last Year
As of February 2025, the average rent in Sherman Oaks, CA is $2,061 per month. This is 32% higher than the national average rent price of $1,557/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 $1,721 per month for a studio, $2,061 for a one-bedroom apartment, and around $2,668 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,199 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 0.5%, which averages out to $12 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 February 2025
Legend
2024
2025
Rent Ranges in Sherman Oaks, CA
Last Updated February 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
22%
$1,501 - $2,000/month
68%
Above $2,000/month
What salary do I need to live comfortably in Sherman Oaks, CA?
Because the average rent in Sherman Oaks is $2,061, you’ll want to make about $6,870 per month or $82,440 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.
Nearby City Rent Trends
Apartment communities in Sherman Oaks we think you'll love
Property Management Companies in Sherman Oaks, CA
Moss & Company
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198
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11,304
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36
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Carlo, Inc.
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21
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952
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Xenon Investment Corporation
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48
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1,774
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13
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North Oak Real Estate Investments Inc.
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71
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1,401
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19
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Berglas & Garfield
-
26
Communities
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1,175
Units
-
9
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8 Communities in Sherman Oaks
Kls Financial
-
17
Communities
-
714
Units
-
10
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7 Communities in Sherman Oaks
Jones & Jones Communities
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28
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-
2,806
Units
-
14
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6 Communities in Sherman Oaks
Essex
-
158
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44,549
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71
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Methodology
† 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.
* Percentages may not total 100 due to rounding.