
Cheap Apartments for Rent in Sherwood, OH from $500 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in Sherwood.


Lake Forest Apartments

Shoaff Park Villas

Graystone Apartments

Fountain Lake Apartment Homes

Port O'Call Apartments

Golfview Apartments

GLEN ARBORS
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.

Winthrop Terrace - Defiance

Winthrop Terrace - Bryan

Wood Creek Apartments

Arbor Lakes Apartments

Chelsea Village Apartments

Woodview Manor Apartments

Island Club

Windsor Oaks
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.

Steeplechase at Parkview

Dupont Lakes Apartments

Homestead Village Fort Wayne - Active Living 55+

Partridge Place

PineView Apartments

Riverview Estates

340 N Wayne St

Arlington Place
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.

Cameron Court Apartments

435 Cowen St

202 N Jackson St

1000 Old Brick Rd

Black Hawk Apartments

Griswold Estates Apartments

14780 Lickley Rd

326 N Wayne St
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.
Sherwood, OH Local Guide

How much does it cost to rent an apartment in Sherwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sherwood Studio Apartments | $861 | $600 | $1,454 |
| Sherwood 1 Bedroom Apartments | $1,211 | $660 | $1,950 |
| Sherwood 2 Bedroom Apartments | $1,447 | $675 | $2,426 |
| Sherwood 3 Bedroom Apartments | $1,896 | $905 | $2,282 |
| Sherwood 4 Bedroom Apartments | $600 | $585 | $615 |
Browse Top Apartments in Sherwood
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Sherwood, OH Local Guide
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Cheapest Available Sherwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Sherwood, OH is a 2 Beds unit found at Partridge Place priced from $709. Fountain Lake Apartment Homes in the Northeast Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $780. Here is today’s list of the most affordable Sherwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Partridge Place | 2 Bedroom Unit | 2BR,1BA | $709 |
| Fountain Lake Apartment Homes | Trevi | Studio,1BA | $780 |
| Graystone Apartments | Graystone Apartments 1bed studio | Studio,1BA | $790 |
| Winthrop Terrace - Defiance | 2 Bed | 2BR,1BA | $899 |
| Black Hawk Apartments | Autumn | 1BR,1BA | $1,056 |
| Griswold Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1,109 |
| Windsor Oaks | The Cedar | 1BR,1BA | $1,150 |
| Steeplechase at Parkview | Saratoga | 1BR,1BA | $1,167 |
| Homestead Village Fort Wayne - Active Living 55+ | The Audrey | 1BR,1BA | $1,200 |
| Woodview Manor Apartments | Monet | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in Sherwood, OH and Nearby
As of May 08, 2026 the best value apartment in the Sherwood area is the $1.27 price per square foot Z Place Village Model at Z Place Village Townhomes in the in the Outer Central Southside neighborhood starting from $1,999. The second greatest value Sherwood apartment is the 7819 Model at 7819 Stellhorn Rd starting at $1,450 with a $1.12 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Z Place Village Townhomes | Z Place Village | 3BR,2.5BA | $1.27 |
| 7819 Stellhorn Rd | 7819 | 2BR,2BA | $1.12 |
| Evard Place - Solar Powered | 2 Bedroom 2 Bath | 2BR,2BA | $1.25 |
| Griswold Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.06 |
| Windsor Oaks | The Hickory | 2BR,1BA | $1.28 |
| Partridge Place | 2 Bedroom Unit | 2BR,1.5BA | $0.73 |
| Island Club | St Thomas - Premium | 1BR,1BA | $1.39 |
| Woodview Manor Apartments | Monet | 2BR,1BA | $1.39 |
| St Joe Place | 2x2 | 2BR,2BA | $0.80 |
| Winthrop Terrace - Defiance | 2 Bed | 2BR,1BA | $1.14 |
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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Best Local Schools in Sherwood, OH
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Sherwood, OH Rentals by Map
See the most popular apartments and homes in Sherwood, OH
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 $1,056 at Black Hawk Apartments.
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 $709 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 Woodview Manor Apartments and starts from $1,575.
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

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.

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.

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.

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.