Sherwood, Arkansas Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Sherwood, Arkansas rental market.
Sherwood, Arkansas
Average Apartment Rent
$924
Y-o-Y Change in Average
Apartment Rent
3.6%
As of May 2026
Compared to a year ago, Sherwood, Arkansas apartments have recorded a 3.6% rent increase.
Sherwood, Arkansas Average apartment rent trend
Sherwood, Arkansas Average Apartment Rent
Sherwood, Arkansas Apartment rent ranges
At 70.54%, apartments priced Under $1,000 represent the bulk of Sherwood, Arkansas rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 29.46%.
Sherwood, Arkansas Housing tenure**
Renters take up 29% of Sherwood, Arkansas real estate, occupying a total of 3,841 units, while homeowners live in 9,314 properties.
Median number of rooms of renter-occupied housing units**
5
Renter median household income**
$46,198
Average household size of renter-occupied housing units**
2.33
Rental vacancy rate**
7.5%
Sherwood, Arkansas Renter-occupied housing units by no. of bedrooms**
There are 1,575 rentals in Sherwood, Arkansas with 3 beds making up the highest share of the market, at 41%. Units with No bedrooms, on the other hand, hold the lowest percentage (4%), amounting to 136 units. Overall, the median number of rooms in Sherwood, Arkansas homes for rent is 5.
Sherwood, Arkansas Renter-occupied units by age of householder**
Most condos for rent in Sherwood, Arkansas are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 35 - 44 years age group (24%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Sherwood, Arkansas Renter-occupied housing units by family type**
Sherwood, Arkansas Renter-occupied housing units by the presence of own children**
A total of 2,028 apartments for rent in Sherwood, Arkansas, or 53% of all rentals are family households. Additionally, 29% of rental homes include children under the age of 18 – that’s 1,110 units. All in all, the median size of a renter-occupied household in Sherwood, Arkansas is 2.33.
Sherwood, Arkansas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 18% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Sherwood, Arkansas.
Sherwood, Arkansas Renter-occupied units by year structure built**
The highest share of Sherwood, Arkansas apartment rentals, namely 28% or 1,068 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (19%, 720 units), and the ones Built 1990 - 1999 (15%, 585 units).
Sherwood, Arkansas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Sherwood, Arkansas renters (42%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Sherwood, Arkansas condos for rent is 2018.
Sherwood, Arkansas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Sherwood, Arkansas renters have 1 vehicle available per household, 34% of them have 2 vehicles available, and 10% have 3 or more vehicles available.
Sherwood, Arkansas Means of transportation to work of householders living in renter-occupied housing units**
Sherwood, Arkansas Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Sherwood, Arkansas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
