The Brightly
6569-6581 N Van Nuys Blvd,
Van Nuys, CA 91401
Studio - 2 Beds | $1,950 - $3,052
Rental Market Trends in Sherman Oaks, CA
What is the average rent in Sherman Oaks, CA?
$2,065/month
Average Rent
660 Sq Ft
Average Apartment Size
+0.9%
Increase in the Last Year
As of December 2024, the average rent in Sherman Oaks, CA is $2,065 per month. This is 32% higher than the national average rent price of $1,560/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 $1,712 per month for a studio, $2,065 for a one-bedroom apartment, and around $2,670 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,193 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 0.9%, which averages out to $19 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 December 2024
Legend
2023
2024
Rent Ranges in Sherman Oaks, CA
Last Updated December 2024
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
24%
$1,501 - $2,000/month
66%
Above $2,000/month
What salary do I need to live comfortably in Sherman Oaks, CA?
Because the average rent in Sherman Oaks is $2,065, you’ll want to make about $6,883 per month or $82,596 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
-
120
Communities
-
8,425
Units
-
34
Cities
13 Communities in Sherman Oaks
Berglas & Garfield
-
26
Communities
-
1,175
Units
-
9
Cities
8 Communities in Sherman Oaks
Kls Financial
-
19
Communities
-
789
Units
-
10
Cities
7 Communities in Sherman Oaks
Jones & Jones Communities
-
23
Communities
-
2,649
Units
-
14
Cities
6 Communities in Sherman Oaks
Carlo, Inc.
-
12
Communities
-
704
Units
-
8
Cities
6 Communities in Sherman Oaks
Frost Chaddock Developers
-
20
Communities
-
786
Units
-
9
Cities
5 Communities in Sherman Oaks
Cirrus Asset Management, Inc.
-
68
Communities
-
6,572
Units
-
40
Cities
4 Communities in Sherman Oaks
Property Management Associates
-
34
Communities
-
2,263
Units
-
15
Cities
4 Communities in Sherman Oaks
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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.