Average Rent in Sherman, TX↑ Rents rising 9.4% YoY🔺 14th priciest in TX

Sherman, TX has rental prices ranging from $1,068/month to $2,254/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,113/month — 20% below the national average of $1,400/month. With a median household income of $70,455/year, spending $1,113/month on a 1-bedroom represents 19% of gross income — within the recommended 30% threshold.

How Sherman Compares

With an average 2-bedroom rent of $1,342/month, Sherman ranks #14 most expensive of the 220 cities tracked in Texas — pricier than 88% of all US cities in our data.

The Sherman Rental Market

The Sherman, TX area has a population of about 139,988 and 33% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Sherman, TX have risen by $115/month (9.4%) over the past year, from $1,227 to $1,342. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Sherman, TX without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $44,520. The local median household income of $70,455 exceeds that threshold by $25,935, making Sherman relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Sherman, TX is $259,028, giving a price-to-rent ratio of 16.1. With a break-even horizon of approximately 16 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Is Sherman, TX Affordable?

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

Rent or Buy in Sherman?

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

Living in Sherman

Cost of living, job market, crime rates, and moving cost estimates.