Apartments for Rent in Sherman Oaks, Los Angeles, CA

Sherman Oaks, Los Angeles apartment availability

Sherman Oaks offers a very strong selection of rental listings, with an average of 510 rentals available each month in 2024. The neighborhood's rental market is diverse, with a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, as well as studios. Many of these apartments feature desirable amenities, including dishwashers, which are available in about 51% of rentals. Additionally, about 50% of Sherman Oaks apartments are pet-friendly, making this neighborhood a great option for renters with small pets. With its diverse range of rentals and amenities, Sherman Oaks is a popular choice for Los Angeles renters.

Sherman Oaks, Los Angeles rental market trends

The Sherman Oaks rental market in Los Angeles has experienced a slight decline in average rent prices, with a year-over-year decrease of 0.3% to $2,820 per month. Breaking it down by bed count, 1-bedrooms average $2,242 per month, a 3.2% decrease from the previous year, while 2-bedrooms average $2,848, a negligible 0.07% decrease. On the other hand, 3-bedrooms have seen a 6.7% increase to $4,860 per month. Studios average $1,888, a 3.9% decrease from the previous year.

In terms of seasonal fluctuations, October typically sees the highest rent prices, with a 2.7% increase compared to December, the month with the lowest rent prices. If you're looking for a new apartment, December may be a good time to find a deal, as prices are lower and there is less competition. Conversely, if you're looking to rent out a property, October may be the best time to capitalize on higher demand and prices.

Why Sherman Oaks, Los Angeles is a great place to live

Sherman Oaks stands out as a neighborhood that seamlessly blends pet-friendliness with a vibrant social scene, making it an ideal location for renters with diverse interests.

For pet owners, Sherman Oaks offers a range of amenities that cater to their furry friends, including pet waste stations, ample pet space, pet-safe windows, and even pet grooming services. The area also hosts pet events, providing a community for pet lovers to connect. With outdoor spaces and no breed restrictions in many apartments, it's a haven for pets and their owners alike.

Meanwhile, those seeking an active social life will appreciate Sherman Oaks' excellent street infrastructure, frequent transit options, and high walk score, making it easy to get around and explore local attractions. Shared community spaces and a strong emphasis on safety further enhance the neighborhood's appeal for social butterflies. Whether you're a pet enthusiast or a socialite, Sherman Oaks has something for everyone.