The musicians were all honoured during a star-studded concert at the Los Angeles venue to mark the beginning of the summer concert season.
Actress Angela Basset hosted the event, and presenters included Glee star Darren Criss and funnyman Arsenio Hall, while music legend Stevie Wonder was on hand to induct Legend.
In a subsequent post on Twitter.com Legend wrote, "Stevie Wonder inducted me into the Hollywood Bowl Hall of Fame tonight. Feeling very grateful."
Veteran actor Peter Fonda inducted the Aerosmith stars, and Perry tweeted about the honor, "Thanks to the amazing Peter Fonda for our great introduction introduction into the Hollywood Bowl Hall of Fame... Thanks to all who congratulated us tonight on our induction into the Hollywood Bowl Hall of Fame. We couldn't have done it without you."
Jazz singer Patti Austin was also among the inductees. The event raised money for the Los Angeles Philharmonic orchestra and the organisation's music education program for youngsters.