Rents are 6% below what Sherwood's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,359 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
August. Asking rents in Sherwood usually run 0.7% below trend in August and 0.5% above it in November, about $16 a month apart at today's median. Based on 5 years of data.
Rent in Sherwood is at its highest level since Zillow's records here began in October 2020.
Rent in Sherwood changed +2.4% over the year to September 2026. Across the 24 Arkansas cities Zillow tracks, the typical change was +2.7%.
Rent has risen 4 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($81,328) is $2,033 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,660).
Jacksonville, 6 miles away, rents for 12% less ($1,200/mo), about $1,900 a year in savings.
From Zillow's monthly rent index (ZORI) for Sherwood. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Sherwood, AR is majority owner-occupied, 36.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Sherwood, AR has changed in 5 years
Five years ago, renters in Sherwood, AR paid around $1,011 a month. That figure now sits near $1,359, up 34.4% from the 2021 baseline. Median household income climbed from $67,964 to $81,328 between 2021 and 2024, a 19.7% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Sherwood, AR adding about 526 residents over the five-year window, up 1.6% on net. Bachelor's-degree-or-higher attainment moved from 33.9% to 36.3% across the same window. Taken together, the five-year picture in Sherwood, AR reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Can you afford rent in Sherwood on your salary?
At $1,359/mo, how Sherwood rent compares to typical pay (30% rule).
Sherwood rent by bedroom count
Median rent for each apartment size in Sherwood. Click any size for full breakdown.
Tips for renters in Sherwood
Last updated: October 17, 2026
The median rent in Sherwood is $1,359/mo as of October 2026. A studio apartment averages $900/mo while a 2-bedroom runs $1,050/mo. One-bedroom apartments average $910/mo and 3-bedroom units go for $1,400/mo.
At 20% of local median household income ($81,328/yr), Sherwood ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.
Frequently asked questions
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Is rent going up or down in Sherwood?
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How does Sherwood rent compare to other cities in Arkansas?
Which nearby cities are cheaper to rent in than Sherwood?
At $1,359/mo, rent takes ~20% of Sherwood's median household income ($81,328/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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