RentData

Average Rent in Sherman County, KS Rents falling 4.9% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 5,919

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Sherman County, KS has rental prices ranging from $653/month to $1,305/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $694/month — 50% below the national average of $1,400/month. With a median household income of $64,444/year, spending $694/month on a 1-bedroom represents 13% of gross income — within the recommended 30% threshold.

How Sherman County Compares

With an average 2-bedroom rent of $910/month, Sherman County ranks #22 most expensive of the 96 cities tracked in Kansas — more affordable than 68% of all US cities in our data.

The Sherman County Rental Market

The Sherman County, KS area has a population of about 5,919 and 34% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Sherman County, KS have fallen by $47/month (4.9%) over the past year, from $957 to $910. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Sherman County, KS without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $27,760. The local median household income of $64,444 exceeds that threshold by $36,684, making Sherman County relatively accessible compared to local wages.

Economy & Jobs

Sherman County, KS has an unemployment rate of 3.6%, 0.3 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Fair Market Rents

HUD FY2025
Studio
$653
Affordable
1 Bedroom
$694
Affordable
2 Bedrooms
$910
4.9% YoY
Affordable
3 Bedrooms
$1,096
Affordable
4 Bedrooms
$1,305
Affordable
🔔
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Is Sherman County, KS Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$36,400/year
Local median income: $64,444
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $910/month and 20% down on a home at 7% rate.

Nearby Cities in KSlargest metros in the state

CityStudio1BR2BR3BRHome Value
Kansas City$1,074$1,183$1,346$1,756
Wichita$690$760$995$1,305
Topeka$747$752$985$1,280
Geary County$753$758$994$1,393
Manhattan$808$813$995$1,359
St. Joseph$710$789$1,035$1,315

Rent or Buy in Sherman County?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Sherman County data

$
Home Value
$350,000
2BR Rent
$910/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏢 Rent

Renting appears to be the better financial choice for this scenario.

Total monthly buy cost: $2,577/movs rent: $910/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Sherman County

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Frequently Asked Questions

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🏘️Neighborhoods in Sherman County

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💵Rent Affordability in Sherman County

Salary needed to afford rent here

🗺️All Cities in KS

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⚖️Compare Sherman County

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📋KS Tenant Rights

Deposit limits, eviction laws & renters protections