Average Rent in Sherman, TX
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Located in northâcentral Texas, Sherman blends historic charm with modern convenience, making it a soughtâafter destination for renters seeking a balanced lifestyle. The cityâs walkable downtown features boutiques, eateries, and cultural venues such as the Sherman Arts & Science Center, while easy access to major highways connects residents to the wider DallasâFort Worth metroplex. Families, young professionals, and retirees alike appreciate Shermanâs mix of green spaces, reputable schools, and a vibrant community calendar that includes events at the historic Texan Theatre.
The rental market in Sherman offers a diverse range of options, from contemporary studios to spacious family homes. Apartment renters can choose from studios that typically hover in the low $1,000 range, with oneâbedroom units averaging just above $1,100 and twoâbedroom layouts in the $1,300 bracket. Larger threeâbedroom apartments command premium rates approaching $1,750, reflecting their ample space and modern amenities. Singleâfamily homes provide comparable pricing, with oneâbedroom houses averaging around $1,040, twoâbedroom homes near $1,300, and threeâbedroom properties reaching the $1,770 mark. Larger homes with four or more bedrooms are available in the $2,200 range, offering generous square footage for growing families or those seeking extra room.
Neighborhoods such as the historic Downtown district, the familyâfriendly North Sherman area, and the upscale Walnut Grove community each bring distinct advantages. Proximity to landmarks like the Sherman Museum of Art, the scenic Lake Texoma, and a variety of parks enhances the appeal of local rentals. Whether youâre looking for a convenient apartment close to nightlife or a spacious house near topârated schools, Shermanâs rental landscape provides flexible choices that cater to a wide array of lifestyle preferences.
Sherman Rent by Property Type & Bedroom Count
Averages, medians, and ranges across recent rental listings
| Property Type | Bedrooms | Average | Median | Min – Max | 25th – 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $934 | $759 | $750 – $1,295 | $750 – $1,295 |
| Apartment | 1 Bedroom | $1,065 | $1,050 | $728 – $1,635 | $900 – $1,250 |
| Apartment | 2 Bedroom | $1,289 | $1,179 | $843 – $1,975 | $1,065 – $1,540 |
| Apartment | 3 Bedroom | $1,855 | $1,977 | $1,195 – $2,415 | $1,850 – $2,100 |
| House | 1 Bedroom | $950 | $975 | $875 – $1,000 | $875 – $1,000 |
| House | 2 Bedroom | $1,224 | $1,250 | $795 – $1,550 | $1,150 – $1,300 |
| House | 3 Bedroom | $1,749 | $1,700 | $1,100 – $2,800 | $1,550 – $1,950 |
| House | 4+ Bedroom | $2,278 | $2,200 | $1,425 – $7,000 | $1,950 – $2,400 |
Current rent in Sherman (all property types): Studio $935, 1 Bedroom $1,054, 2 Bedroom $1,255, 3 Bedroom $1,751, 4+ Bedroom $2,279.
About this data
Rent statistics, listings analysis, and visualizations on this page are produced by Rentometer, Inc.
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