Rents are 14% below what Sherman'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 $1,291 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
Sherman, TX is roughly split between renters and owners, has a median income below the national average, 24.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Sherman, TX has changed in 5 years
Compared with 2022, rent in Sherman, TX has declined by $35 per month, settling near $1,291 after starting the period at $1,326. Local incomes tracked alongside that move, going from a median of $53,536 in 2021 to $58,859 more recently. Income growth outran rent by about 12.5 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 43,273 to 46,397 between 2021 and 2024, a 7.2% change. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Sherman, TX market of 2022.
Discussions about Sherman
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Can you afford rent in Sherman on your salary?
At $1,291/mo, how Sherman rent compares to typical pay (30% rule).
Sherman rent by bedroom count
Median rent for each apartment size in Sherman. Click any size for full breakdown.
Tips for renters in Sherman
Last updated: August 17, 2026
The median rent in Sherman is $1,291/mo as of August 2026. A studio apartment averages $1,050/mo while a 2-bedroom runs $1,320/mo. One-bedroom apartments average $1,095/mo and 3-bedroom units go for $1,845/mo.
At 26% of local median household income ($58,859/yr), Sherman ranks as affordable compared to the national benchmark of 30%. Rents have decreased 9.5% over the past year.
Frequently asked questions
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Is rent going up or down in Sherman?
Which Sherman neighborhoods have the lowest rent?
How does Sherman rent compare to other cities in Texas?
What percentage of Sherman residents rent vs. own?
How does Sherman rent compare to the national average?
At $1,291/mo, rent takes ~26% of Sherman's median household income ($58,859/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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