Rents are 16% 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 $1,325 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: August 17, 2026
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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 $1,091 a month. That figure now sits near $1,325, up 21.4% from the 2021 baseline. Median household income climbed from $67,964 to $81,328 between 2021 and 2024, a 19.7% shift. 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 $1,325/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: August 17, 2026
The median rent in Sherwood is $1,325/mo as of August 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 decreased 8.1% over the past year.
Frequently asked questions
Is Sherwood an affordable city for renters?
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Is rent going up or down in Sherwood?
How does Sherwood rent compare to other cities in Arkansas?
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What percentage of Sherwood residents rent vs. own?
How does Sherwood rent compare to the national average?
At $1,325/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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