Sherman, Texas 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 Sherman, Texas rental market.
Sherman, Texas
Average Apartment Rent
$1,212
Y-o-Y Change in Average
Apartment Rent
-1.4%
As of March 2026
Compared to a year ago, Sherman, Texas apartments have recorded a -1.4% rent decrease.
Sherman, Texas Average apartment rent trend
Sherman, Texas Average Apartment Rent
Sherman, Texas Apartment rent ranges
At 49.89%, apartments priced $1,000 - $1,500 represent the bulk of Sherman, Texas rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.48%.
Sherman, Texas Housing tenure**
Renters take up 48% of Sherman, Texas real estate, occupying a total of 8,023 units, while homeowners live in 8,777 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$43,411
Average household size of renter-occupied housing units**
2.29
Rental vacancy rate**
4.6%
Sherman, Texas Renter-occupied housing units by no. of bedrooms**
There are 3,371 rentals in Sherman, Texas with 2 beds making up the highest share of the market, at 42%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 265 units. Overall, the median number of rooms in Sherman, Texas homes for rent is 4.4.
Sherman, Texas Renter-occupied units by age of householder**
Most condos for rent in Sherman, Texas are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Sherman, Texas Renter-occupied housing units by family type**
Sherman, Texas Renter-occupied housing units by the presence of own children**
A total of 4,433 apartments for rent in Sherman, Texas, or 55% of all rentals are family households. Additionally, 33% of rental homes include children under the age of 18 – that’s 2,625 units. All in all, the median size of a renter-occupied household in Sherman, Texas is 2.29.
Sherman, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 12% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Sherman, Texas.
Sherman, Texas Renter-occupied units by year structure built**
The highest share of Sherman, Texas apartment rentals, namely 24% or 1,960 units, were Built 1980 - 1989, followed by those Built 1960 - 1969 (17%, 1,378 units), and the ones Built 1970 - 1979 (13%, 1,026 units).
Sherman, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Sherman, Texas renters (44%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Sherman, Texas condos for rent is 2018.
Sherman, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Sherman, Texas renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 8% have No vehicle available.
Sherman, Texas Means of transportation to work of householders living in renter-occupied housing units**
Sherman, Texas 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 Sherman, Texas 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
