Rents are right about where Sherwood's 10-year trend predicts.
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 $2,614 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
Rent in Sherwood is at its highest level since Zillow's records here began in November 2022.
Rent in Sherwood changed +2.4% over the year to September 2026. Across the 54 Oregon cities Zillow tracks, the typical change was +1.9%.
Rent has risen 3 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($109,966) is $2,749 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,520); a 3-bedroom is $3,460.
Tualatin, 5 miles away, rents for 28% less ($1,882/mo), about $8,800 a year in savings.
From Zillow's monthly rent index (ZORI) for Sherwood. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Is your rent fair?
Compare your rent to the local median.
Who lives here
Sherwood, OR is majority owner-occupied, has a large share of families with children, has a median income above the national average, 49.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Sherwood, OR has changed in 5 years
Compared with 2023, rent in Sherwood, OR has climbed by $223 per month, settling near $2,614 after starting the period at $2,391. Census figures show median household income at $109,966 today, compared with $104,651 five years earlier. Rent outpaced income growth by roughly 4.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.
Discussions about Sherwood
No discussions yet. Start the conversation.
Can you afford rent in Sherwood on your salary?
At $2,614/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 $2,614/mo as of October 2026. A studio apartment averages $2,050/mo while a 2-bedroom runs $2,520/mo. One-bedroom apartments average $2,210/mo and 3-bedroom units go for $3,460/mo.
At 29% of local median household income ($109,966/yr), Sherwood ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.
Frequently asked questions
How much income do you need to rent in Sherwood?
Is rent going up or down in Sherwood?
How does Sherwood rent compare to other cities in Oregon?
Which nearby cities are cheaper to rent in than Sherwood?
At $2,614/mo, rent takes ~29% of Sherwood's median household income ($109,966/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Sherwood.
No discussions yet.