Cheap Apartments for Rent in Sherwood, OH from $500 (21 Rentals)

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

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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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.

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Partridge Place
2 Bedroom Apartments

Partridge Place

400 Partridge Place DrPaulding, OH 45879
  • Utilities Included
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Montrose Square
Studio to 2 Bedroom Apartments

Montrose Square

6531 Emmons DrFort Wayne, IN 46835
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Sherwood, OH Local Guide

Cheapest Available Sherwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Sherwood, OH is a Studio unit found at Shoaff Park Villas in the Northeast Fort Wayne neighborhood priced from $645. Partridge Place has the second lowest priced unit, which is a 2 Beds apartment currently listed from $650. Here is today’s list of the most affordable Sherwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shoaff Park VillasStudio, 1 bathStudio,1BA$645
Partridge Place2 Bedroom Unit2BR,1BA$650
Riverview EstatesStudioStudio,1BA$675
Winthrop Terrace - Defiance1 Bed1BR,1BA$735
Apple Glen2 Bedroom Unit2BR,1BA$744

Best Value Apartments for Rent in Sherwood, OH and Nearby

As of June 16, 2025 the best value apartment in the Sherwood area is the $0.85 price per square foot 2 Bed 2 Bath Model at Morada at Maysville in the in the North Fort Wayne neighborhood starting from $1,799. The second greatest value Sherwood apartment is the 2 Bedroom 2 Bath Model at Evard Place - Solar Powered starting at $1,600 with a $1.07 price per square foot in the Northeast Fort Wayne 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.
Morada at Maysville2 Bed 2 Bath2BR,2BA$0.85
Evard Place - Solar Powered2 Bedroom 2 Bath2BR,2BA$1.07
Fountain Lake Apartment HomesBellagio2BR,1BA$0.82
Island ClubGrand Bahamas2BR,2BA$1.19
Griswold Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.03
Windsor OaksThe Hickory2BR,1BA$1.28
Partridge Place2 Bedroom Unit2BR,1.5BA$0.67
Apple Glen2 Bedroom Unit2BR,1BA$0.86
Arlington Place2 Bedroom2BR,1BA$1.12
PineView ApartmentsTwo Bedroom2BR,1BA$1.28

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Best Local Schools in
Sherwood, OH

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Getting Around Sherwood, OH

Walk Score®

11 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

28 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $775 at Riverview Estates.

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 $650 at Partridge Place.

What is the most affordable Sherwood Three Bedroom Apartment?

The best deal on a cheap Sherwood Three Bedroom Apartment rental is at Blackhawk Apartments and starts from $1,452.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.