4 Hours Ago
Location
15150 Sherman Way, Van Nuys, CA 91405, USA|Van Nuys
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Property Overview
Palm Terrace is a highly rated community with an overall score of 8.8/10, highlighted by perfect 10/10 ratings for both price and amenities, indicating exceptional value and a premier living experience. Its 9/10 location rating points to strong convenience for daily needs, while an 8/10 trustworthiness score reflects transparent, detailed listing information. With 50 photos and value for money in the top 96.55% of the area, it offers renters a clear view of a competitively priced, feature-rich option.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Dishwasher
- Elevator
Floor plans
| 1x1 | 1 bed | 1 bath | $1,795 /mo | 1 unit available |
Let's explore this property.
Amenities for Palm Terrace
Apartment Amenities
| Air Conditioning | Blinds |
| Laminate Floors |
Appliances
| Central A/C | Dishwasher |
| Fridge | Oven |
| Stove/Oven |
Building
| Controlled Access | Elevator |
| Fitness Center | Gym |
| Onsite Laundry |
Grounds
| Assigned Parking | BBQ Area |
| Gate | Outdoor Space |
| Swimming Pool |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Application Fee
Per-applicant.
Contact Property
REQUIRED FEES
Security Deposit
One-time.
$1,795
Parking Policy
Assigned Parking
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 30 |
|---|
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About Palm Terrace
TTY available. Go to our website RSTrents. com to access the phone number you will need for the 711 TTY service. MANAGED BY: RST & Assoc. Find us on Google. IT490514 - IT49RS46
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, Palm Terrace is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Palm Terrace has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Palm Terrace offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Palm Terrace stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—gym—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Palm Terrace is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Palm Terrace does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Palm Terrace compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Dishwasher
- Dishwasher available in kitchen
- Elevator
- Improved accessibility features
- Images Available
- There are at least 10 photos of this address
- Outdoor space
- Easy access to the outdoors
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Rent trends in Van Nuys
1-bedroom apartments at Palm Terrace cost about 5% less than the average rent price for 1-bedroom apartments in Van Nuys.
Median rents as of May 9 2026.
Van Nuys
Los Angeles
| Month | Median Rent |
|---|---|
| May 2024 | $1,750 |
| June 2024 | $1,778 |
| July 2024 | $1,816 |
| August 2024 | $1,848 |
| September 2024 | $1,848 |
| October 2024 | $1,801 |
| November 2024 | $1,814 |
| December 2024 | $1,845 |
| January 2025 | $1,848 |
| February 2025 | $1,815 |
| March 2025 | $1,810 |
| April 2025 | $1,756 |
| May 2025 | $1,745 |
| June 2025 | $1,750 |
| July 2025 | $1,750 |
| August 2025 | $1,736 |
| September 2025 | $1,702 |
| October 2025 | $1,702 |
| November 2025 | $1,709 |
| December 2025 | $1,738 |
| January 2026 | $1,739 |
| February 2026 | $1,721 |
| March 2026 | $1,697 |
| April 2026 | $1,690 |
| May 2026 | $1,650 |
| Month | Median Rent |
|---|---|
| May 2024 | $1,595 |
| June 2024 | $1,593 |
| July 2024 | $1,565 |
| August 2024 | $1,592 |
| September 2024 | $1,617 |
| October 2024 | $1,603 |
| November 2024 | $1,605 |
| December 2024 | $1,631 |
| January 2025 | $1,697 |
| February 2025 | $1,731 |
| March 2025 | $1,688 |
| April 2025 | $1,627 |
| May 2025 | $1,603 |
| June 2025 | $1,605 |
| July 2025 | $1,604 |
| August 2025 | $1,614 |
| September 2025 | $1,650 |
| October 2025 | $1,647 |
| November 2025 | $1,597 |
| December 2025 | $1,599 |
| January 2026 | $1,628 |
| February 2026 | $1,607 |
| March 2026 | $1,600 |
| April 2026 | $1,605 |
| May 2026 | $1,588 |
Affordability calculator
Can I afford to live at 15150 Sherman Way?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$71,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $71,800 annually to afford this 1-bedroom monthly rent price of $1,795.
For more information on rent affordability, visit our rent calculator.
Schools near Palm Terrace
Valerio Street Elementary School
15035 valerio st
van nuys, CA, 91405
K-5Public
C+
Charles Leroy Lowman Special Ed & Career Transition Center
12827 saticoy st
north hollywood, CA, 91605
K-12Public
Lokrantz Special Education Center
19451 wyandotte st
reseda, CA, 91335
K-12Public
Burbank Unified Independent Learning Academy (Buila)
3715 allan ave
burbank, CA, 91505
K-12Public
B+
Las Virgenes Independent
4029 las virgenes rd
calabasas, CA, 91302
K-8Public
A
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Internet available near Palm Terrace
Getting around Van Nuys near 15150 Sherman Way
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 15150 Sherman Way, Van Nuys
Groceries
9/10
At least one supermarket within a 5-minute walk
Shopping
6/10
Several shops within a few minutes’ walk
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
7/10
Variety of restaurants within a few minutes' walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
4/10
Some bars within walking distance
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