Sunfield Lakes
16100 SW Century Dr,
Sherwood, OR 97140
1-3 Beds | $1,745 - $2,245
Rental Market Trends in Sherwood, OR
What is the average rent in Sherwood, OR?
$1,806/month
Average Rent
728 Sq Ft
Average Apartment Size
+9.2%
Increase in the Last Year
As of December 2024, the average rent in Sherwood, OR is $1,806 per month. This is 16% higher than the national average rent price of $1,560/month, making Sherwood one of the most expensive cities in the US. When you rent an apartment in Sherwood, you can expect to pay about $1,420 per month for a studio, $1,806 for a one-bedroom apartment, and around $1,821 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,224 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 Sherwood, OR?
In the past year, rent has increased by 9.2%, which averages out to $167 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Sherwood, OR
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
17%
$1,001 - $1,500/month
83%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Sherwood?
Based on current rent prices, Sherwood/Tualatin North is the most affordable neighborhood in Sherwood.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Sherwood?
Based on current rent prices, Sherwood/Tualatin North is the most expensive neighborhood in Sherwood.
Neighborhood
Average Rent
Average Sq Ft
Which Sherwood neighborhoods have the most rentals available?
The neighborhood in Sherwood with the most apartments available is Sherwood/Tualatin North .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Sherwood, OR?
Because the average rent in Sherwood is $1,806, you’ll want to make about $6,020 per month or $72,240 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 Sherwood, OR compare to other nearby cities and neighborhoods?
Use the tool below to compare Sherwood, OR 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
-
-
One Bedroom
$1,624/month
$1,624/month
Two Bedroom
$1,840/month
$1,840/month
Three Bedroom
$2,293/month
$2,293/month
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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.