Sherwood, Oregon 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, Oregon rental market.
Sherwood, Oregon
Average Apartment Rent
$1,998
Y-o-Y Change in Average
Apartment Rent
-0.3%
As of May 2026
Compared to a year ago, Sherwood, Oregon apartments have recorded a -0.3% rent decrease.
Sherwood, Oregon Average apartment rent trend
Sherwood, Oregon Average Apartment Rent
Sherwood, Oregon Apartment rent ranges
At 60%, apartments priced $1,500 - $2,000 represent the bulk of Sherwood, Oregon rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 1.11%.
Sherwood, Oregon Housing tenure**
Renters take up 26% of Sherwood, Oregon real estate, occupying a total of 1,765 units, while homeowners live in 5,064 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$65,713
Average household size of renter-occupied housing units**
2.51
Rental vacancy rate**
1.9%
Sherwood, Oregon Renter-occupied housing units by no. of bedrooms**
There are 815 rentals in Sherwood, Oregon with 2 beds making up the highest share of the market, at 46%. Units with 4 beds, on the other hand, hold the lowest percentage (6%), amounting to 98 units. Overall, the median number of rooms in Sherwood, Oregon homes for rent is 4.3.
Sherwood, Oregon Renter-occupied units by age of householder**
Most condos for rent in Sherwood, Oregon are occupied by residents in the 45 - 54 years age group (28%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Sherwood, Oregon Renter-occupied housing units by family type**
Sherwood, Oregon Renter-occupied housing units by the presence of own children**
A total of 1,124 apartments for rent in Sherwood, Oregon, or 64% of all rentals are family households. Additionally, 42% of rental homes include children under the age of 18 – that’s 733 units. All in all, the median size of a renter-occupied household in Sherwood, Oregon is 2.51.
Sherwood, Oregon Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 40% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Sherwood, Oregon.
Sherwood, Oregon Renter-occupied units by year structure built**
The highest share of Sherwood, Oregon apartment rentals, namely 27% or 475 units, were Built 2000 - 2009, followed by those Built 1970 - 1979 (26%, 466 units), and the ones Built 1990 - 1999 (25%, 448 units).
Sherwood, Oregon Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Sherwood, Oregon renters (47%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Sherwood, Oregon condos for rent is 2019.
Sherwood, Oregon Renter-occupied housing units by vehicles available**
When it comes to transportation options, 35% of Sherwood, Oregon renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 19% have 3 vehicles available.
Sherwood, Oregon Means of transportation to work of householders living in renter-occupied housing units**
Sherwood, Oregon 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, Oregon 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
