
Cheap Apartments for Rent in Sherwood, OH from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Sherwood.


Shoaff Park Villas

Graystone Apartments

Total Monthly Price
Montrose Square

Fountain Lake Apartment Homes

Port O'Call 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.

Golfview Apartments

Winthrop Terrace - Defiance

Winthrop Terrace - Bryan

Arbor Lakes Apartments

Wood Creek Apartments

Chelsea Village Apartments

520 Ln 150H Hamilton Lake
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.

Partridge Place

PineView Apartments

Riverview Estates

234 N Market St

Arlington Place

Cameron Court Apartments

107 N Rufus St
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.
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 | $871 | $695 | $1,335 |
| Sherwood 1 Bedroom Apartments | $1,236 | $660 | $2,247 |
| Sherwood 2 Bedroom Apartments | $1,500 | $675 | $2,787 |
| Sherwood 3 Bedroom Apartments | $1,918 | $905 | $2,279 |
| Sherwood 4 Bedroom Apartments | $610 | $585 | $635 |
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. Graystone Apartments in the Northeast Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $790. 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 |
| Graystone Apartments | Graystone Apartments 1bed studio | Studio,1BA | $790 |
| Fountain Lake Apartment Homes | Buckingham | 2BR,1BA | $1,005 |
| Black Hawk Apartments | Autumn | 1BR,1BA | $1,120 |
| Griswold Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1,134 |
Best Value Apartments for Rent in Sherwood, OH and Nearby
As of June 29, 2026 the best value apartment in the Sherwood area is the $1.05 price per square foot Townhomes Model at Evard Place - Solar Powered in the in the Northeast Fort Wayne neighborhood starting from $2,000. The second greatest value Sherwood apartment is the Kensington Model at Union Club Apartments starting at $2,131 with a $1.21 price per square foot in the Pine Valley 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. |
|---|---|---|---|
| Evard Place - Solar Powered | Townhomes | 3BR,2.5BA | $1.05 |
| Union Club Apartments | Kensington | 3BR,2BA | $1.21 |
| Z Place Village Townhomes | Z Place Village | 3BR,2.5BA | $1.27 |
| Island Club | Grand Bahamas | 2BR,2BA | $1.29 |
| Windsor Oaks | The Hickory | 2BR,1BA | $1.28 |
| Griswold Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.08 |
| Partridge Place | 3 Bedroom Unit | 3BR,1.5BA | $0.74 |
| Fountain Lake Apartment Homes | Buckingham | 2BR,1.5BA | $1.03 |
| Woodview Manor Apartments | Monet | 2BR,1BA | $1.39 |
| St Joe Place | 2x2 | 2BR,2BA | $0.80 |
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
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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 $1,120 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 Partridge Place and starts from $751.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.