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City Report · AR

Sherwood

Pop. 33,070·9th most expensive in Arkansas·Rental market data updated monthly for Sherwood, AR
Median rent (all units)
$1,498/mo
Year-over-Year
+4.6%
Month-over-Month
-0.2%
vs US Median
-$467
Stable (Monthly)
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Most AffordableMost Expensive
Sherwood · $1,498
More affordable than 76% of US cities · National median $1,965/mo
Rent Reality Score
60/100
Good value
OverheatedFairGreat value

Rents are 5% below what Sherwood's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,498/mo
Expected by trend
$1,579/mo
The Rent Reality Score compares today's median rent to where Sherwood's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$900
1 BR
$910
2 BR
$1,050
3 BR
$1,400
4 BR+
$1,660
Research median
$1,050/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$17,976/yr
At $1,498/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.6% YoY, -0.2% MoM), not inventory.
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Demographics

Who lives here

Sherwood, AR is majority owner-occupied, 36.3% of residents hold a bachelor's degree or higher.

Population
33,070
Median income
$81,328
Median age
39.9
Renters
29.2%
Age distribution
21.8%
19.5%
28.2%
12.8%
17.8%
Under 1821.8%
18–3419.5%
35–5428.2%
55–6412.8%
65+17.8%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
62.1%
29.5%
White62.1%
Black29.5%
Hispanic4.1%
Asian1.7%
Other2.7%
Education (25+)
25.7%
33.2%
36.3%
No HS diploma4.8%
HS diploma25.7%
Some college33.2%
Bachelor's+36.3%
Housing tenure
70.8%
29.2%
Owner70.8%
Renter29.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Sherwood, AR has changed in 5 years

Rent
$1,091 → $1,498
up 37.3%
Income
$67,964 → $81,328
up 19.7%
Population
32,544 → 33,070
up 1.6%
Renter share
28.5% → 29.2%
+0.7 pts
Bachelor's+
33.9% → 36.3%
+2.4 pts

Five years ago, renters in Sherwood, AR paid around $1,091 a month. That figure now sits near $1,498, up 37.3% 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.

Community

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View Sherwood rent history (2015–2026) →
Salary vs rent

Can you afford rent in Sherwood on your salary?

At $1,498/mo, how Sherwood rent compares to typical pay (30% rule).

By apartment size

Sherwood rent by bedroom count

Median rent for each apartment size in Sherwood. Click any size for full breakdown.

Local insights

Tips for renters in Sherwood

About renting in Sherwood, AR

Last updated: July 20, 2026

The median rent in Sherwood is $1,498/mo as of July 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 22% of local median household income ($81,328/yr), Sherwood ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.6% over the past year.

FAQ

Frequently asked questions

Is Sherwood an affordable city for renters?

Sherwood is considered very affordable for renters. At $1,498/mo, rent takes approximately 22% of the local median household income ($81,328/yr). The standard benchmark is 30%. Sherwood falls comfortably within that range.

How much income do you need to rent in Sherwood?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,498/mo in Sherwood. The local median household income is $81,328/yr, meaning the typical Sherwood household meets that threshold.

Is rent going up or down in Sherwood?

Rent in Sherwood has increased 4.6% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Sherwood rent compare to other cities in Arkansas?

Sherwood is one of the pricier cities in Arkansas for rent, ranking #9 out of 34 tracked cities at $1,498/mo.

Which nearby cities are cheaper to rent in than Sherwood?

Several nearby cities have lower median rents than Sherwood ($1,498/mo): Jacksonville ($1,093/mo), North Little Rock ($1,122/mo), Little Rock ($1,220/mo).

What percentage of Sherwood residents rent vs. own?

According to Census data, approximately 29.2% of Sherwood households are renters, while 70.8% are owner-occupied. Sherwood leans toward homeownership, which can mean a smaller rental inventory.

How does Sherwood rent compare to the national average?

Sherwood's median rent of $1,498/mo is $467 (24%) below the US national median of $1,965/mo. Within Arkansas, it ranks #9 out of 34 tracked cities.
Income Affordability
22%
VERY AFFORDABLE

At $1,498/mo, rent takes ~22% of Sherwood's median household income ($81,328/yr). The standard benchmark is 30%.

Sherwood 22%Benchmark 30%
State income tax3.9%
Run the Sherwood affordability calculator →
Lowest-rent ZIP codes in Sherwood
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Sherwood, AR

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