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City Report · TX

Sherman

Pop. 46,397·238th most expensive in Texas·Sherman rents have dropped 9.3%, currently a renter's market
Median rent (all units)
$1,291/mo
Year-over-Year
-9.3%
Month-over-Month
-4.9%
vs US Median
-$674
Falling (Monthly)
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Most AffordableMost Expensive
Sherman · $1,291
More affordable than 88% of US cities · National median $1,965/mo
Rent Reality Score
78/100
Good value
OverheatedFairGreat value

Rents are 14% below what Sherman's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,291/mo
Expected by trend
$1,505/mo
The Rent Reality Score compares today's median rent to where Sherman's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,050
1 BR
$1,095
2 BR
$1,320
3 BR
$1,845
4 BR+
$2,220
Research median
$1,320/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
$15,492/yr
At $1,291/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 9.3% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-9.3% YoY, -4.9% MoM), not inventory.
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Demographics

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.

Population
46,397
Median income
$58,859
Median age
35.3
Renters
47.3%
Age distribution
23.9%
25.8%
22%
12.5%
15.8%
Under 1823.9%
18–3425.8%
35–5422%
55–6412.5%
65+15.8%
Gender
48.9%
51.1%
Male48.9%
Female51.1%
Race & ethnicity
67.2%
21.2%
White67.2%
Black9.5%
Hispanic21.2%
Asian2.5%
Education (25+)
30.9%
33.8%
24.2%
No HS diploma11.2%
HS diploma30.9%
Some college33.8%
Bachelor's+24.2%
Housing tenure
52.7%
47.3%
Owner52.7%
Renter47.3%

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

2022 vs 2026

How Sherman, TX has changed in 5 years

Rent
$1,326 → $1,291
down 2.6%
Income
$53,536 → $58,859
up 9.9%
Population
43,273 → 46,397
up 7.2%
Renter share
46.4% → 47.3%
+0.9 pts
Bachelor's+
22.3% → 24.2%
+1.9 pts
Median age
34.5 → 35.3
+0.8 yrs

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.

Community

Discussions about Sherman

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

Can you afford rent in Sherman on your salary?

At $1,291/mo, how Sherman rent compares to typical pay (30% rule).

By apartment size

Sherman rent by bedroom count

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

Local insights

Tips for renters in Sherman

About renting in Sherman, TX

Last updated: July 20, 2026

The median rent in Sherman is $1,291/mo as of July 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 9.3% over the past year.

FAQ

Frequently asked questions

Is Sherman an affordable city for renters?

Sherman is considered affordable for renters. At $1,291/mo, rent takes approximately 26% of the local median household income ($58,859/yr). The standard benchmark is 30%. Sherman falls comfortably within that range.

How much income do you need to rent in Sherman?

To keep rent at or below 30% of gross income, you would need to earn at least $52,000/year (~$25/hour full-time) to afford the median rent of $1,291/mo in Sherman. The local median household income is $58,859/yr, meaning the typical Sherman household meets that threshold.

Is rent going up or down in Sherman?

Rent in Sherman has decreased 9.3% over the past year as of July 2026, offering some relief compared to 12 months ago.

Which Sherman neighborhoods have the lowest rent?

The most affordable ZIP codes in Sherman are 75092 ($1,262/mo), and 75090 ($1,531/mo). Citywide, the median rent in Sherman is $1,291/mo.

How does Sherman rent compare to other cities in Texas?

Sherman is one of the more affordable cities in Texas for rent, ranking #238 out of 269 tracked cities at $1,291/mo.

What percentage of Sherman residents rent vs. own?

According to Census data, approximately 47.3% of Sherman households are renters, while 52.7% are owner-occupied. Sherman leans toward homeownership, which can mean a smaller rental inventory.

How does Sherman rent compare to the national average?

Sherman's median rent of $1,291/mo is $674 (34%) below the US national median of $1,965/mo. Within Texas, it ranks #238 out of 269 tracked cities.
Income Affordability
26%
AFFORDABLE

At $1,291/mo, rent takes ~26% of Sherman's median household income ($58,859/yr). The standard benchmark is 30%.

Sherman 26%Benchmark 30%
State income taxNone
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Lowest-rent ZIP codes in Sherman
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Sherman, TX

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