Cheap Homes for Rent in Sherwood, OR from $1,000 (11 Rentals)

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Search the lowest-cost Homes 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.

Sherwood, OR Local Guide

Cheapest Available Sherwood Apartments for Rent

 

The cheapest available apartment rental in Sherwood, OR is a 1 Bed unit found at Chelan Apartments in the Rosewood neighborhood priced from $1,295. Commons at Avalon Park Apartments in the Bella Vista neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,299. Here is today’s list of the most affordable Sherwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Chelan Apartments09611l1BR,1BA$1,295
Commons at Avalon Park ApartmentsAvalon1BR,1BA$1,299
The Alden1 BEDROOM1BR,1BA$1,323
Brightwaters at Redhawk1 Bedroom, 1 Bath1BR,1BA$1,350
The Hudson by Trion LivingHudson North 1x1b1BR,1BA$1,364

Best Value Apartments for Rent in Sherwood, OR

As of April 15, 2026 the best value apartment in the Sherwood area is the $1.72 price per square foot Plan C2B Model at Tualatin Heights in the in the Rosewood neighborhood starting from $2,025. The second greatest value Sherwood apartment is the 3 Bedroom Model at Cannery Row starting at $2,400 with a $2.04 price per square foot in the Far West Wilsonville 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.
Tualatin HeightsPlan C2B3BR,2BA$1.72
Cannery Row3 Bedroom3BR,2BA$2.04
London Pointe Apartments2 Bedroom, 2 Bath L2BR,2BA$1.61
The Ridge at Bull Mountain2 Bedroom 1 Bath2BR,1BA$1.47
Oak Tree ApartmentsOT2 2 Bedroom/1 Bath2BR,1BA$1.64
Edgewater Apartments2BR/2.0BA2BR,2BA$1.80
Carriage Estate2x12BR,1BA$1.57
Bull Mountain2x22BR,2BA$1.93
The Hudson by Trion LivingHudson North 1x1b1BR,1BA$1.60
Chelan Apartments09611l1BR,1BA$1.91

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

Balance work and life in Portland. Explore the neighborhoods for renting that offer great amenities and quick commutes to the city's top major employers. Find your Portland apartment today!

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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A Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Portland area. Find your perfect Student apartment, condo, or rental home today

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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 Sherwood

What type of rentals are currently available in Sherwood?

There are currently 76 Apartments for Rent in Sherwood, OR with pricing that ranges from $1,211 to $3,600. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sherwood ranging from $1,000 to $7,150.

What is the current price range for Rental Homes in Sherwood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Sherwood ranges from $1,000 to $7,150 with an average monthly rent of $2,760.

How much are larger Three and Four Bedroom Rentals in Sherwood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Sherwood range from $1,495 to $3,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,295 to $6,750. Four Bedroom Single-Family rentals are also available starting from $2,895 and Four Bedroom Apartments start at $2,890.

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.

Helpful Local Expert Guides

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A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Chad Deitchley

As your ApartmentHomeLiving.com Local Expert for Portland, Oregon, I’d like to briefly introduce myself. My name is Chad, and I come to the ApartmentHomeLiving.com team after living in Portland for decades.

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

Written by: Chad Deitchley

Hello! My name is Chad, and I joined the ApartmentHomeLiving.com team as a Local Expert after living in Portland, Oregon, for more than 20 years. I have a deep love for this charming and vibrant city.

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The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

Written by: Chad Deitchley

Let me introduce myself as your ApartmentHomeLiving Local Expert for Portland, Oregon. I’m Chad, and I can attest firsthand to the vibrant and funky nature of this one-of-a-kind city.

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From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots

Written by: Chad Deitchley

Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.

Articles, How-To's, and Tips

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.