
Cheap Apartments for Rent in Sherwood, TN from $500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Sherwood.


The Overlook Apartments

Willow Creek Apartment Homes

Forrest Park Apartments

Hills Chapel Apartments

Manchester Arbors Apartments

Midvale Heights
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.

Trails of Signal Mountain

Hayfield Homes

151 York St

Total Monthly Price
Borough 33 Apartments

Total Monthly Price
Ridgemont at Stringers Ridge

Total Monthly Price
10 North Apartments

River Chase
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.

Ascent at Signal Mountain

310 Spring St

Creekside Village II

Arbors at Signal Mountain

255 Sunshine Cir

2340 Hamilton Ave

Carden Estates Apartments
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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.

154 13th Ave NW
Sherwood, TN Local Guide

How much does it cost to rent an apartment in Sherwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sherwood Studio Apartments | $1,253 | $838 | $1,750 |
| Sherwood 1 Bedroom Apartments | $1,446 | $845 | $2,175 |
| Sherwood 2 Bedroom Apartments | $1,742 | $556 | $3,070 |
| Sherwood 3 Bedroom Apartments | $1,700 | $648 | $3,599 |
Browse Top Apartments in Sherwood
See all Apartments in SherwoodExplore Sherwood
Sherwood, TN Local Guide
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Cheapest Available Sherwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Sherwood, TN is a 2 Beds unit found at The Reserve at Mountain Pass in the East Lake neighborhood priced from $556. The Overlook Apartments in the St. Elmo neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $838. Here is today’s list of the most affordable Sherwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Reserve at Mountain Pass | 2 Bedroom Two Bathroom | 2BR,2BA | $556 |
| The Overlook Apartments | Studio | Studio,1BA | $838 |
| Willow Creek Apartment Homes | North Second Floor | 1BR,1BA | $845 |
| Manchester Arbors Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $925 |
| Trails of Signal Mountain | Majestic | Studio,1BA | $955 |
Best Value Apartments for Rent in Sherwood, TN and Nearby
As of February 21, 2026 the best value apartment in the Sherwood area is the $0.52 price per square foot 3 Bedroom Two Bathroom Model at The Reserve at Mountain Pass in the in the East Lake neighborhood starting from $648. The second greatest value Sherwood apartment is the 3bed 2 bath Model at River Chase starting at $1,099 with a $0.90 price per square foot . 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. |
|---|---|---|---|
| The Reserve at Mountain Pass | 3 Bedroom Two Bathroom | 3BR,2BA | $0.52 |
| River Chase | 3bed 2 bath | 3BR,2BA | $0.90 |
| Winchester Place | 2 Bedroom | 2BR,2BA | $1.14 |
| MAA Windridge | The Azalea | 1BR,1BA | $1.30 |
| 1558 S Spring St | 2 Beds, 1 bath | 2BR,1BA | $1.29 |
| Carden Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.12 |
| Kate's View | 2 Bedroom | 2BR,1BA | $1.28 |
| Midvale Heights | 1 Bedroom 1 Bathroom B | 1BR,1BA | $1.15 |
| Hayfield Homes | One Bedroom | 1BR,1BA | $1.24 |
| Willow Creek Apartment Homes | North Second Floor | 1BR,1BA | $1.26 |
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 ArticleThe 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.
Read ArticleCash 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Sherwood, TN Rentals by Map
See the most popular apartments and homes in Sherwood, TN
Frequently Asked Questions about Cheap Sherwood Apartments
What is the Cheapest Studio apartment in Sherwood?
Currently the most affordable Cheap Studio Apartment in Sherwood is at The Overlook Apartments listed at $838.
How much is rent for a Cheap One Bedroom Sherwood Apartment?
The lowest price for a Cheap One Bedroom Sherwood Apartment is $845 at Willow Creek Apartment Homes.
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 $556 at The Reserve at Mountain Pass.
What is the most affordable Sherwood Three Bedroom Apartment?
The best deal on a cheap Sherwood Three Bedroom Apartment rental is at The Reserve at Mountain Pass and starts from $648.
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

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.

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.

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.