Apartments & Condos for Rent in Sherman Oaks, CA

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What to Know About

Life in Sherman Oaks & Beyond

Sherman Oaks shares many of the great qualities that make California a desirable place to live.

California is the most populous state in the United States and is home to some of the world's most iconic cities, such as Los Angeles, San Diego, and San Francisco. It's known for its thriving economy and diverse landscapes, including beaches, deserts, and mountains. Immerse yourself in the state's history and traditions by visiting museums like the California Science Center and the Getty Center or attending worldwide renowned universities like Stanford University and the University of California, Berkeley.

There are also many outdoor recreation opportunities in the state, such as skiing in the Sierra Nevada Mountains, surfing along the Pacific Coast, and hiking in Yosemite National Park. There's something for everyone. Sports fans can enjoy cheering on the San Francisco 49ers (NFL), Los Angeles Kings (NHL), Los Angeles Dodgers (MLB), San Francisco Giants (MLB), Los Angeles Lakers (NBA), or Golden State Warriors (NBA). Also, check out famous attractions like the Golden Gate Bridge, Alcatraz Island, Disneyland, Hollywood, the historic city of San Francisco, and the mecca of Los Angeles.

With its warm and inviting climate, thriving economy, and high quality of life, Embrace the Golden State and discover why California is a great place to live.

Rental Market Trends

Sherman Oaks, CA

As of May 2025, Sherman Oaks's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Sherman Oaks's average rent is 3.5% ($86) higher than the California average of $2,461 and 42.1% ($754) higher than the U.S. average of $1,793.

Average Rent
$2,547
Monthly ChangeMonth Over Month Change
Decreased5.1% ($137)
Yearly ChangeYear Over Year Change
Decreased2.5% ($64)
Avg. Days on MarketAverage Days on Market
27
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,156 Decreased2.6% ($58) Increased1.4% ($29)
2 Beds $2,775 Decreased3.1% ($90) Decreased1.9% ($55)
3 Beds $3,258 Decreased1.9% ($62) Decreased3.6% ($121)
Nearby Cities Average Rent Avg. Rent vs. Sherman OaksAverage Rent vs. Sherman Oaks Avg. Days on MarketAverage Days on Market
Van Nuys $2,295 Decreased9.9% ($252) 31 days
Encino $2,537 Decreased0.4% ($10) 19 days
Valley Village $2,268 Decreased11% ($279) 32 days
Studio City $2,585 Increased1.5% ($38) 25 days
North Hollywood $2,695 Increased5.8% ($148) 32 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Sherman Oaks Rental Market FAQs

Explore rental prices, market trends, and availability in Sherman Oaks, CA.

The average rent in Sherman Oaks, CA is $2,547 per month.
Apartments in Sherman Oaks typically rent for between $1,509 and $4,235 per month, with an average of $2,547 per month.
In Sherman Oaks, the average rent for a 1-bedroom apartment is $2,156 per month, for a 2-bedroom apartment, $2,775 per month, and a 3-bedroom apartment is $3,258 per month.
The average rent in Sherman Oaks is 42.1% ($754) higher than the national average of $1,793 per month.
The average rent in Sherman Oaks has decreased by 5.1% ($137) in the last month and decreased by 2.5% ($64) over the past year.
The rental market in Sherman Oaks, CA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Sherman Oaks, CA, the average rental stays on the market for approximately 27 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 99 rental properties available in Sherman Oaks, CA.
Based on the current averages, a household would need an annual income of $111,000 to comfortably afford a 2-bedroom apartment in Sherman Oaks.
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