Shaw House
2300 North Friendship Rd,
Sherman, TX 75092
1-3 Beds | $1,185 - $2,209
Rental Market Trends in Sherman, TX
What is the average rent in Sherman, TX?
$1,105/month
Average Rent
705 Sq Ft
Average Apartment Size
-2.4%
Decrease in the Last Year
As of February 2025, the average rent in Sherman, TX is $1,105 per month. This is 29% lower than the national average rent of $1,556/month, making renting in Sherman more affordable than most cities in the US. When you rent an apartment in Sherman, you can expect to pay about $808 per month for a studio, $1,105 for a one-bedroom apartment, and around $1,293 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,170 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Sherman, TX?
In the past year, rent has decreased by 2.4%, which averages out to $26 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2025
Legend
2024
2025
Rent Ranges in Sherman, TX
Last Updated February 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
19%
$700 - $1,000/month
67%
$1,001 - $1,500/month
9%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Sherman?
Based on current rent prices, Texas East Area is the most affordable neighborhood in Sherman.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Sherman?
Based on current rent prices, Texas East Area is the most expensive neighborhood in Sherman.
Neighborhood
Average Rent
Average Sq Ft
Which Sherman neighborhoods have the most rentals available?
The neighborhood in Sherman with the most apartments available is Texas East Area .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Sherman, TX?
Because the average rent in Sherman is $1,105, you’ll want to make about $3,683 per month or $44,196 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Sherman, TX compare to other nearby cities and neighborhoods?
Use the tool below to compare Sherman, TX to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$722/month
$722/month
One Bedroom
$954/month
$954/month
Two Bedroom
$1,114/month
$1,114/month
Three Bedroom
$1,334/month
$1,334/month
Nearby City Rent Trends
Apartment communities in Sherman we think you'll love
Property Management Companies in Sherman, TX
Myan Management Group
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37
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5,826
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17
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6 Communities in Sherman
Sunridge Management Group Inc
-
90
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16,520
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65
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Willow Bridge
-
681
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185,776
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311
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ZRS Management
-
285
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84,440
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118
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2 Communities in Sherman
The Cantrell Company
-
22
Communities
-
2,599
Units
-
15
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2 Communities in Sherman
Greystar
-
3,228
Communities
-
892,797
Units
-
827
Cities
1 Community in Sherman
RPM
-
626
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-
164,238
Units
-
233
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1 Community in Sherman
Tarantino
-
61
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-
11,542
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-
35
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1 Community in Sherman
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.