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sherman
Last updated September 21 2020 at 3:03 PM

70 Apartments for rent in Sherman, TX

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Check out 70 verified apartments for rent in Sherman, TX with rents starting as low as $550. Some apartments for rent in Sherman might offer rent specials. Look out for the
$
rent special icon!
Verified
10 Units Available
Creekview Apartment Homes
700 S FM-1417, Sherman, TX
1 Bedroom
$790
710 sqft
2 Bedrooms
$820
910 sqft
Last updated September 21 at 12:38 PM
Energy-efficient windows, fireplaces, and in-unit laundry or washer/dryer hookups in apartments. Pet-friendly community offers gym, pool, and hot tub. Right next to Herman Baker Park. Four miles from Austin College.
Verified
9 Units Available
Northside on Travis
5111 N Travis St, Sherman, TX
1 Bedroom
$864
700 sqft
2 Bedrooms
$1,244
1001 sqft
3 Bedrooms
$1,514
1213 sqft
Last updated September 21 at 12:29 PM
Welcome to Northside on Travis Northside on Travis is the newest luxury property built in Sherman!! It is located in a great area, close to schools, shopping, dining and recreation.
Verified
17 Units Available
Raintree Apartment Homes
800 S FM-1417, Sherman, TX
1 Bedroom
$740
595 sqft
2 Bedrooms
$865
870 sqft
Last updated September 21 at 12:26 PM
Air-conditioned units boasting washer/dryer hookups, patios or balconies, and all the necessary kitchen appliances. Dogs and cats permitted. Less than 2 miles from Binkley Park and Henry W. Sory Elementary.
Verified
7 Units Available
Easton Parc
1600 La Salle Drive, Sherman, TX
Studio
Ask
1 Bedroom
$675
650 sqft
2 Bedrooms
$775
900 sqft
Last updated September 21 at 12:25 PM
At Easton Parc, our first priority is making our residents feel right at home. Our one and two bedroom apartments offer wall to wall carpeting, walk-in closets, dishwashers and more.
Verified
1 Unit Available
Country Village
900 S FM-1417, Sherman, TX
1 Bedroom
Ask
2 Bedrooms
$935
808 sqft
3 Bedrooms
Ask
Last updated September 21 at 12:24 PM
Beautiful location close to Herman Baker Park. Residents enjoy units with washer/dryer hookup, walk-in closets and bathtub. Community includes 24-hour maintenance, sauna, on-site laundry and gym.
Verified
22 Units Available
Brooks on Heritage Parkway
1305 S FM 1417, Sherman, TX
1 Bedroom
$795
753 sqft
2 Bedrooms
$995
983 sqft
Last updated September 21 at 12:08 PM
Welcome to luxury living at The Brooks on Heritage Parkway, Sherman’s newest apartment homes.
Verified
7 Units Available
Parkview Apartment Homes
1200 W Taylor St, Sherman, TX
1 Bedroom
$730
680 sqft
2 Bedrooms
$820
913 sqft
Last updated September 21 at 12:07 PM
Units feature washer/dryer hook-ups, walk-in closets, carpet, air conditioning and dishwasher. Community includes 24-hour maintenance, clubhouse, pool and parking. Located close to Fairview Park and schools.
1 Unit Available
2507 Valley Ridge Lane
2507 Valley Ridge Ln, Sherman, TX
3 Bedrooms
$1,800
2435 sqft
Last updated September 21 at 02:59 PM
Very Nice Home with 3 Bedrooms 2.5 Baths with Study, Flex or maybe 4th Bedroom. 2 Car Garage on almost 1 Acre. Nice Neighborhood for the kids to play! Large backyard with privacy fence. Washer, Dryer and Refrigerator included in lease.
1 Unit Available
1102 N Brents Avenue
1102 North Brents Avenue, Sherman, TX
4 Bedrooms
$1,550
1463 sqft
Last updated September 21 at 02:59 PM
Newly renovated. Clean property. Ready to Go.
1 Unit Available
1813 Park Place
1813 Park Place, Sherman, TX
3 Bedrooms
$1,200
1240 sqft
Last updated September 21 at 02:59 PM
Spacious 3 bedroom and 2 bathroom duplex for lease at 1813 Park Pl Sherman, TX. This is really close to Fairview Park and Splash Town water park. $1200 Deposit and $1200 per month. No Smoking, No Pets.
1 Unit Available
4613 Sephora Drive
4613 Sephora Dr, Sherman, TX
4 Bedrooms
$2,500
2591 sqft
Last updated September 21 at 02:59 PM
West Facing, Nice, Light and Bright 2017 built 4 bedrooms, 3 full bath in a very desired neighborhood. Very close to freeways, shopping, entertainment etc. House sits hardly 50 yds. walk to the Community Pool. Rent includes Refrigerator.
1 Unit Available
716 N Harrison Avenue
716 North Harrison Avenue, Sherman, TX
3 Bedrooms
$1,300
1400 sqft
Last updated September 21 at 02:59 PM
Brand new house. Just built. 3 Bedrooms, 2 full baths. Huge Backyard. Open floor plan, connectin living, kitchen, and Dining area. Brand new appliances. Refrigerator not included. Flooring: Ceramic and Carpet. Separate utility room.
1 Unit Available
624 S Andrews Avenue
624 South Andrews Avenue, Sherman, TX
4 Bedrooms
$1,250
1348 sqft
Last updated September 21 at 02:59 PM
3 bed 2 and half bath with a study that could easy be a 4th bedroom. Updated home in a great area-lawn care include in lease payment. Carport and behind space to park two cars total- Nice Shady backyard!
1 Unit Available
213 Kansas Street
213 Kansas Street, Sherman, TX
3 Bedrooms
$1,250
1175 sqft
Last updated September 21 at 02:59 PM
Newly remodeled 3bdr 1.5 bath with wood laminate floors, carpet in bedrooms. Brick house with fenced backyard This is a must see it wont last long.
1 Unit Available
1411 N Binkley Street
1411 North Binkley Street, Sherman, TX
2 Bedrooms
$1,100
1000 sqft
Last updated September 21 at 03:00 PM
Oh so adorable home located in West Sherman! Two bedrooms, one bathroom, one car garage and a large backyard. What more could you ask for? Original hardwood floors throughout living and bedroom spaces.
1 Unit Available
609 E Mcgee Street
609 East Mc Gee Street, Sherman, TX
4 Bedrooms
$1,450
1600 sqft
Last updated September 21 at 02:59 PM
MOVE IN READY!! This home has a great location and is pristine inside! Hardwood floors, Neutral Paint, Spacious Living Rooms, Charming Kitchen with a raised breakfast bar, built in cabinets, microwave, electric cook-top, tiled floors, oven plus
1 Unit Available
208 W Lake Avenue
208 West Lake Avenue, Sherman, TX
3 Bedrooms
$1,295
1238 sqft
Last updated September 21 at 02:59 PM
Duplex . Sodded front and back. Full sprinkler system front and back, Garage door opener, ceiling fan in family room and master bedroom, kitchen appliances stainless steel, dishwasher, freestanding electric range with smooth cooktop and microwave.
1 Unit Available
2304 N Ricketts Street
2304 North Ricketts Street, Sherman, TX
3 Bedrooms
$1,450
1414 sqft
Last updated September 21 at 03:00 PM
Beautifully updated home in West Sherman. Walking distance to Fairview Park, Splash Water Park, and Fairview Elementary. Kitchen boasts new counter tops with stainless steel double oven, refrigerator, microwave and cook top.
1 Unit Available
2505 N Hickory Street
2505 North Hickory Street, Sherman, TX
1 Bedroom
$625
403 sqft
3 Bedrooms
Ask
Last updated September 21 at 02:59 PM
Find studio, 1, 2 and 3 bedroom apartments for rent at 2505 N Hickory Street in Sherman. View photos, descriptions and more!
1 Unit Available
1704 E Chaffin Street
1704 Chaffin Street, Sherman, TX
2 Bedrooms
$1,100
1014 sqft
Last updated September 21 at 02:59 PM
What a great little home, walking distance to Austin College, less than quarter mile. Completely remodeled, ready for a new tenant. Detached 2 car garage and small shed.
1 Unit Available
2313 Diana Drive
2313 Diana Drive, Sherman, TX
3 Bedrooms
$1,445
1521 sqft
Last updated September 21 at 02:59 PM
Quiet & Gorgeous Updated North West Sherman one story home. 1521 Sq Ft.; 3 spacious bedrooms, 2 baths, 2 Living areas and 2 eating areas in this adorable home with original hardwood floor on a large lot.
1 Unit Available
516 North Elliott Avenue
516 North Elliott Avenue, Sherman, TX
3 Bedrooms
$1,310
836 sqft
Last updated September 21 at 03:41 PM
3 bedrooms; 1 bathroom two motion exterior floodlights; low E insulated glass windows with screens; weather stripping on all exterior doors; smooth two square 6ft interior doors; 3.
1 Unit Available
1509 Fairway Drive
1509 Fairway Drive, Sherman, TX
3 Bedrooms
$1,550
1510 sqft
Last updated September 21 at 03:41 PM
Cul de Sac lot with greenbelt; Modern brick home; large fenced backyard; 3 bedrooms; 2 bathrooms; 2 car garage; two motion exterior floodlights; low E insulated glass windows with screens; weather stripping on all exterior doors; smooth two square
1 Unit Available
806 N Broughton
806 North Broughton Street, Sherman, TX
3 Bedrooms
$1,200
1256 sqft
Last updated September 21 at 12:33 PM
Incredibly spacious and impeccable home, never before lived in! Boasting 3 bedrooms & 2 bathrooms with upgrades galore! Wood-like flooring, granite countertops, stainless steel appliances (refrigerator included), designated utility room with washer

Median Rent in Sherman

Last updated Aug. 2020
The median rent for a 1 bedroom apartment in Sherman is $762, while the median rent for a 2 bedroom apartment is $970.
Studio
$619
1 Bed
$762
2 Beds
$970
3+ Beds
$1,323
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Sherman 1 Bedroom ApartmentsSherman 2 Bedroom Apartments

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Find an apartment for rent in Sherman, TX

Searching for an apartment for rent in Sherman, TX? Look no further! Apartment List will help you find a perfect apartment near you. There are 70 available rental units listed on Apartment List in Sherman. Click on listings to see photos, floorplans, amenities, prices and availability, and much more!

The median rent in Sherman is $619 for a studio, $762 for a one-bedroom apartment, and $970 for a two-bedroom apartment. If you are looking for a deal, keep an eye out for a red pulsing icon that indicates rent specials.

Tired of browsing? Take our personalized quiz. You’ll answer a couple of simple questions and we’ll put together a list of Sherman apartments that are best for you. We’ll also factor in your commute, budget, and preferred amenities. Looking for a pet-friendly rental, or an apartment with in-unit washer and dryer? No problem, we’ll provide you with apartments that match that criteria.

You can trust ApartmentList.com to help you find your next Sherman, TX apartment rental! After all, everyone deserves a home they love.
Frequently Asked Questions (FAQs)
Frequently Asked Questions
How much is rent in Sherman?
In Sherman, the median rent is $619 for a studio, $762 for a 1-bedroom, $970 for a 2-bedroom, and $1,323 for a 3-bedroom. For more information on rental trends in Sherman, check out our monthly Sherman Rent Report.
How much is rent in Sherman?
In Sherman, the median rent is $619 for a studio, $762 for a 1-bedroom, $970 for a 2-bedroom, and $1,323 for a 3-bedroom. For more information on rental trends in Sherman, check out our monthly Sherman Rent Report.
How can I find a pet-friendly apartment in Sherman?
You can use the pet-friendly filter to find Sherman apartments that allow pets.
How can I find a pet-friendly apartment in Sherman?
You can use the pet-friendly filter to find Sherman apartments that allow pets.
How can I tour apartments during the COVID-19 pandemic?
While some Sherman properties may not allow visitors at this time, most are open for business by phone or email. Please reach out to them directly for virtual touring options. Additionally, some properties may offer video and 3D tours, which can be found on the listing details page.
How can I tour apartments during the COVID-19 pandemic?
While some Sherman properties may not allow visitors at this time, most are open for business by phone or email. Please reach out to them directly for virtual touring options. Additionally, some properties may offer video and 3D tours, which can be found on the listing details page.
How much should I pay for rent in Sherman?
The answer to this question depends on your household income and a couple of other factors. You can use our Rent Calculator to figure out how much you should spend on rent in Sherman.
How much should I pay for rent in Sherman?
The answer to this question depends on your household income and a couple of other factors. You can use our Rent Calculator to figure out how much you should spend on rent in Sherman.
How can I find off-campus housing in Sherman?
You can use the off-campus housing filters to find apartments near colleges located in or around Sherman. Some of the colleges and universities in the area include Amberton University, El Centro College, The University of Texas at Dallas, University of Texas Southwestern Medical Center, and Collin County Community College District.
How can I find off-campus housing in Sherman?
You can use the off-campus housing filters to find apartments near colleges located in or around Sherman. Some of the colleges and universities in the area include Amberton University, El Centro College, The University of Texas at Dallas, University of Texas Southwestern Medical Center, and Collin County Community College District.
City GuideSherman
Located in north Texas, Sherman is the county seat of Grayson County. Offering residents a bit of sophistication with a bit of southern charm, Sherman is home to a bumpin’ downtown arts district, a college campus, a plethora of outdoor recreation options, and some mighty fine — and inexpensive — apartment living.
Located in north Texas, Sherman is the county seat of Grayson County. Offering residents a bit of sophistication with a bit of southern charm, Sherman is home to a bumpin’ downtown arts district, a college campus, a plethora of outdoor recreation options, and some mighty fine — and inexpensive — apartment living.
Life in Sherman

More conservative than Austin and less “city” than Dallas, Sherman may be a small town but there’s nothing “small town” about it. There's great shopping, local eateries, beautiful views (specifically around Lake Texoma), and apartment living that's just downright inexpensive.

While it may not be bursting with high-rise condos and downtown apartments, Sherman pretty much wrote the book on affordable apartment rentals. Whether you are looking for a two bedroom luxury apartment, a short-term lease or a one bedroom furnished apartment, Sherman has a ton to offer prospective renters. There are even a few retirement apartment communities located throughout the city for those looking for a quaint place to kick up their feet.

If you’re in the market for a one bedroom apartment, you’ll spend between $470 and $625 in Sherman. Two-bedrooms range between $570 and $900. That may sound like a large gap but it’s important to note that luxury apartments tend to be on the higher end of the pricing scale because they feature everything from gated access to campus shuttles to fitness centers, pet parks, running trails, online rent payments, and energy efficient appliances.

No worries if you don’t want to live the life of luxury. Basic apartment rentals in Sherman typically feature a swimming pool, clubhouse, free Wi-Fi, and some utilities included. If you’re literally moving with the clothes on your back, don’t sweat that either. Communities like Bridges on Travis or The Villas of Park Haven feature furnished apartments for rent. You can move in and feel right at home in no time.

A security deposit of $150 is pretty standard around town for actually getting your foot in your apartment door. Those with pets should expect to pay around $200 and adhere to some weight and breed restrictions. Somewhere in Sherman there is always a move-in special, so be sure to call the rental office or visit the website.

Sherman offers a perfectly balanced lifestyle that’s ideal for the city mouse or the country mouse. You won’t just find festivals, parades, and free concerts downtown. You’ll also find fishing, hiking, and some everything-is-bigger-in-Texas style shopping. So take a chance and let this be your guide to finding a new apartment in Sherman today. Happy hunting!

Life in Sherman
+

More conservative than Austin and less “city” than Dallas, Sherman may be a small town but there’s nothing “small town” about it. There's great shopping, local eateries, beautiful views (specifically around Lake Texoma), and apartment living that's just downright inexpensive.

While it may not be bursting with high-rise condos and downtown apartments, Sherman pretty much wrote the book on affordable apartment rentals. Whether you are looking for a two bedroom luxury apartment, a short-term lease or a one bedroom furnished apartment, Sherman has a ton to offer prospective renters. There are even a few retirement apartment communities located throughout the city for those looking for a quaint place to kick up their feet.

If you’re in the market for a one bedroom apartment, you’ll spend between $470 and $625 in Sherman. Two-bedrooms range between $570 and $900. That may sound like a large gap but it’s important to note that luxury apartments tend to be on the higher end of the pricing scale because they feature everything from gated access to campus shuttles to fitness centers, pet parks, running trails, online rent payments, and energy efficient appliances.

No worries if you don’t want to live the life of luxury. Basic apartment rentals in Sherman typically feature a swimming pool, clubhouse, free Wi-Fi, and some utilities included. If you’re literally moving with the clothes on your back, don’t sweat that either. Communities like Bridges on Travis or The Villas of Park Haven feature furnished apartments for rent. You can move in and feel right at home in no time.

A security deposit of $150 is pretty standard around town for actually getting your foot in your apartment door. Those with pets should expect to pay around $200 and adhere to some weight and breed restrictions. Somewhere in Sherman there is always a move-in special, so be sure to call the rental office or visit the website.

Sherman offers a perfectly balanced lifestyle that’s ideal for the city mouse or the country mouse. You won’t just find festivals, parades, and free concerts downtown. You’ll also find fishing, hiking, and some everything-is-bigger-in-Texas style shopping. So take a chance and let this be your guide to finding a new apartment in Sherman today. Happy hunting!

Read More
City GuideSherman
Located in north Texas, Sherman is the county seat of Grayson County. Offering residents a bit of sophistication with a bit of southern charm, Sherman is home to a bumpin’ downtown arts district, a college campus, a plethora of outdoor recreation options, and some mighty fine — and inexpensive — apartment living.
Located in north Texas, Sherman is the county seat of Grayson County. Offering residents a bit of sophistication with a bit of southern charm, Sherman is home to a bumpin’ downtown arts district, a college campus, a plethora of outdoor recreation options, and some mighty fine — and inexpensive — apartment living.
Life in Sherman

More conservative than Austin and less “city” than Dallas, Sherman may be a small town but there’s nothing “small town” about it. There's great shopping, local eateries, beautiful views (specifically around Lake Texoma), and apartment living that's just downright inexpensive.

While it may not be bursting with high-rise condos and downtown apartments, Sherman pretty much wrote the book on affordable apartment rentals. Whether you are looking for a two bedroom luxury apartment, a short-term lease or a one bedroom furnished apartment, Sherman has a ton to offer prospective renters. There are even a few retirement apartment communities located throughout the city for those looking for a quaint place to kick up their feet.

If you’re in the market for a one bedroom apartment, you’ll spend between $470 and $625 in Sherman. Two-bedrooms range between $570 and $900. That may sound like a large gap but it’s important to note that luxury apartments tend to be on the higher end of the pricing scale because they feature everything from gated access to campus shuttles to fitness centers, pet parks, running trails, online rent payments, and energy efficient appliances.

No worries if you don’t want to live the life of luxury. Basic apartment rentals in Sherman typically feature a swimming pool, clubhouse, free Wi-Fi, and some utilities included. If you’re literally moving with the clothes on your back, don’t sweat that either. Communities like Bridges on Travis or The Villas of Park Haven feature furnished apartments for rent. You can move in and feel right at home in no time.

A security deposit of $150 is pretty standard around town for actually getting your foot in your apartment door. Those with pets should expect to pay around $200 and adhere to some weight and breed restrictions. Somewhere in Sherman there is always a move-in special, so be sure to call the rental office or visit the website.

Sherman offers a perfectly balanced lifestyle that’s ideal for the city mouse or the country mouse. You won’t just find festivals, parades, and free concerts downtown. You’ll also find fishing, hiking, and some everything-is-bigger-in-Texas style shopping. So take a chance and let this be your guide to finding a new apartment in Sherman today. Happy hunting!

Life in Sherman
+

More conservative than Austin and less “city” than Dallas, Sherman may be a small town but there’s nothing “small town” about it. There's great shopping, local eateries, beautiful views (specifically around Lake Texoma), and apartment living that's just downright inexpensive.

While it may not be bursting with high-rise condos and downtown apartments, Sherman pretty much wrote the book on affordable apartment rentals. Whether you are looking for a two bedroom luxury apartment, a short-term lease or a one bedroom furnished apartment, Sherman has a ton to offer prospective renters. There are even a few retirement apartment communities located throughout the city for those looking for a quaint place to kick up their feet.

If you’re in the market for a one bedroom apartment, you’ll spend between $470 and $625 in Sherman. Two-bedrooms range between $570 and $900. That may sound like a large gap but it’s important to note that luxury apartments tend to be on the higher end of the pricing scale because they feature everything from gated access to campus shuttles to fitness centers, pet parks, running trails, online rent payments, and energy efficient appliances.

No worries if you don’t want to live the life of luxury. Basic apartment rentals in Sherman typically feature a swimming pool, clubhouse, free Wi-Fi, and some utilities included. If you’re literally moving with the clothes on your back, don’t sweat that either. Communities like Bridges on Travis or The Villas of Park Haven feature furnished apartments for rent. You can move in and feel right at home in no time.

A security deposit of $150 is pretty standard around town for actually getting your foot in your apartment door. Those with pets should expect to pay around $200 and adhere to some weight and breed restrictions. Somewhere in Sherman there is always a move-in special, so be sure to call the rental office or visit the website.

Sherman offers a perfectly balanced lifestyle that’s ideal for the city mouse or the country mouse. You won’t just find festivals, parades, and free concerts downtown. You’ll also find fishing, hiking, and some everything-is-bigger-in-Texas style shopping. So take a chance and let this be your guide to finding a new apartment in Sherman today. Happy hunting!

Rent Report
Sherman

September 2020 Sherman Rent Report

Welcome to the September 2020 Sherman Rent Report. Sherman rents remained steady over the past month. In this report, we'll evaluate trends in the Sherman rental market, including comparisons to cities throughout the state and nation.

Sherman rent trends were flat over the past month

Sherman rents have remained flat over the past month, however, they have increased marginally by 0.8% year-over-year. Currently, median rents in Sherman stand at $763 for a one-bedroom apartment and $970 for a two-bedroom. Sherman's year-over-year rent growth leads the state average of -0.1%, as well as the national average of 0.3%.

    Rents falling across cities in Texas

    While rent prices have increased in Sherman over the past year, other cities across the state are seeing the opposite trend. Rents have fallen in 1 of the largest 10 cities that we have data for in Texas. The state as a whole logged rent growth of -0.1% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

    • Looking throughout the state, Plano is the most expensive of all Texas' major cities, with a median two-bedroom rent of $1,457; of the 10 largest Texas cities that we have data for, 6 have seen rents fall year-over-year, with Laredo experiencing the fastest decline (-1.2%).
    • El Paso, Arlington, and Corpus Christi have all experienced year-over-year growth above the state average (3.0%, 2.5%, and 0.8%, respectively).

    Sherman rents more affordable than many large cities nationwide

    As rents have increased marginally in Sherman, other large cities nationwide have seen rents grow more quickly. Sherman is still more affordable than most large cities across the country.

    • Sherman's median two-bedroom rent of $970 is below the national average of $1,195. Nationwide, rents have held steady over the past year.
    • While Sherman's rents rose marginally over the past year, some cities nationwide saw increases as well, including Phoenix (+1.7%) and Detroit (+0.8%).
    • Renters will find more reasonable prices in Sherman than most large cities. For example, San Francisco has a median 2BR rent of $2,956, which is more than three times the price in Sherman.

    For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

    Methodology - Recent Updates:

    Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

    Read more about our new methodology below, or see a more detailed post here.

    Methodology:

    Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

    Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

    Read more about our methodology here.

    About Rent Reports:

    Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

    We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.

    Read More

    September 2020 Sherman Rent Report

    Welcome to the September 2020 Sherman Rent Report. Sherman rents remained steady over the past month. In this report, we'll evaluate trends in the Sherman rental market, including comparisons to cities throughout the state and nation.

    View full Rent Report

    September 2020 Sherman Rent Report

    Welcome to the September 2020 Sherman Rent Report. Sherman rents remained steady over the past month. In this report, we'll evaluate trends in the Sherman rental market, including comparisons to cities throughout the state and nation.

    Sherman rent trends were flat over the past month

    Sherman rents have remained flat over the past month, however, they have increased marginally by 0.8% year-over-year. Currently, median rents in Sherman stand at $763 for a one-bedroom apartment and $970 for a two-bedroom. Sherman's year-over-year rent growth leads the state average of -0.1%, as well as the national average of 0.3%.

      Rents falling across cities in Texas

      While rent prices have increased in Sherman over the past year, other cities across the state are seeing the opposite trend. Rents have fallen in 1 of the largest 10 cities that we have data for in Texas. The state as a whole logged rent growth of -0.1% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

      • Looking throughout the state, Plano is the most expensive of all Texas' major cities, with a median two-bedroom rent of $1,457; of the 10 largest Texas cities that we have data for, 6 have seen rents fall year-over-year, with Laredo experiencing the fastest decline (-1.2%).
      • El Paso, Arlington, and Corpus Christi have all experienced year-over-year growth above the state average (3.0%, 2.5%, and 0.8%, respectively).

      Sherman rents more affordable than many large cities nationwide

      As rents have increased marginally in Sherman, other large cities nationwide have seen rents grow more quickly. Sherman is still more affordable than most large cities across the country.

      • Sherman's median two-bedroom rent of $970 is below the national average of $1,195. Nationwide, rents have held steady over the past year.
      • While Sherman's rents rose marginally over the past year, some cities nationwide saw increases as well, including Phoenix (+1.7%) and Detroit (+0.8%).
      • Renters will find more reasonable prices in Sherman than most large cities. For example, San Francisco has a median 2BR rent of $2,956, which is more than three times the price in Sherman.

      For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

      Methodology - Recent Updates:

      Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

      Read more about our new methodology below, or see a more detailed post here.

      Methodology:

      Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

      Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

      Read more about our methodology here.

      About Rent Reports:

      Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

      We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.