Cheap Apartments for Rent in Sherwood, MD from $500 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in Sherwood.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Bayshore Landing
$1,981 - $2,682
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$1,981 - $2,682

Total Monthly Price
$1,981 - $2,682
1 to 2 Bedroom Apartments Available Now

Bayshore Landing

988 Spa RdAnnapolis, MD 21403
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Maris
Rent Specials
$2,097 - $4,969
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$2,097 - $4,969

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Studio to 2 Bedroom Apartments Available Now

Maris

2445 Holly AveAnnapolis, MD 21401
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Mulberry Estates
1 to 2 Bedroom Apartments

Mulberry Estates

1020-1070 N Washington StEaston, MD 21601
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Madison Apartments
1 to 2 Bedroom Apartments

Madison Apartments

1000 Madison StAnnapolis, MD 21403
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West Woods Apartments
1 to 2 Bedroom Apartments

West Woods Apartments

114 Hearne CtAnnapolis, MD 21401
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Sherwood, MD Local Guide

Cheapest Available Sherwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Sherwood, MD is a 2 Beds unit found at Hudson Townhomes in the Blackwater Landing neighborhood priced from $626. The Village at Slippery Hill Senior Apartments- 62+ has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here is today’s list of the most affordable Sherwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hudson Townhomes2 bed / 2 bath2BR,2BA$626
The Village at Slippery Hill Senior Apartments- 62+A3 - One Bedroom1BR,1BA$975
Bradford House1 Bed 1 Bath1BR,1BA$1,176
Obery CourtOne Bedroom1BR,1BA$1,277
Quiet Waters LandingA1-1BD/1BA1BR,1BA$1,452
Brant CourtC-bc1BR,1BA$1,559
The Woods of MarltonTHE MAPLE (2A 2AR)2BR,1BA$1,616
The Promenade at EastonThe Chester1BR,1BA$1,759
Nautilus PointNautilus | A31BR,1BA$1,844
Bay Manor ApartmentsStudioStudio,1BA$1,850

Best Value Apartments for Rent in Sherwood, MD and Nearby

As of May 26, 2026 the best value apartment in the Sherwood area is the $1.58 price per square foot The Ashton Model at Lakeside Run at Trappe in the starting from $2,985. The second greatest value Sherwood apartment is the The Chester Model at West Woods Apartments starting at $2,380 with a $1.99 price per square foot in the Monticello neighborhood. Here is today’s list of the best values for Sherwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lakeside Run at TrappeThe Ashton3BR,2.5BA$1.58
West Woods ApartmentsThe Chester2BR,2BA$1.99
The Laura House2 Bedroom2BR,1BA$1.81
Burnt Oaks2 Bedroom 2 Bath2BR,2BA$1.91
The Woods of MarltonTHE ASPEN LARGE (2C 2CR)2BR,2BA$1.74
Obery CourtOne Bedroom1BR,1BA$1.64
Brant CourtC-bc1BR,1BA$2.30
The Village at Slippery Hill Senior Apartments- 62+A5 - One Bedroom1BR,1BA$1.69
Quiet Waters LandingA1-1BD/1BA1BR,1BA$2.28
Bradford House1 Bed 1 Bath1BR,1BA$2.23

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Sherwood Apartments

How much is rent for a Cheap One Bedroom Sherwood Apartment?

The lowest price for a Cheap One Bedroom Sherwood Apartment is $975 at The Village at Slippery Hill Senior Apartments- 62+.

What is the lowest price for a Cheap Two Bedroom Sherwood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Sherwood is starting from $626 at Hudson Townhomes.

What is the most affordable Sherwood Three Bedroom Apartment?

The best deal on a cheap Sherwood Three Bedroom Apartment rental is at Obery Court and starts from $1,700.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.