Average Rent in Sherman, TX (2026)

Typical asking rent in Sherman is $1,510. Across the 3 ZIP codes with data it runs from $1,236 to $1,825, so which side of town you buy on matters as much as the city average. Data as of July 2026.

Median rent
$1,510
Average rent
$1,524
Lowest ZIP
$1,236
Highest ZIP
$1,825

Rent by ZIP code in Sherman

ZIP codeCountyTypical rentvs city median
75459Grayson County$1,825+21%
75090Grayson County$1,5100%
75092Grayson County$1,236-18%

Rent by bedroom count in Sherman

Zillow's index above blends every unit size into one number. For a bedroom level view, these are HUD's FY2027 Fair Market Rents for Grayson County. They include utilities and sit near the 40th percentile of the market, so treat them as the low side of what a typical unit lists for.

Unit sizeFY2027 Fair Market RentChange from FY2026
Studio$1,102+1.3%
1 bedroom$1,126+3.4%
2 bedroom$1,395+3.3%
3 bedroom$1,932+2.8%
4 bedroom$2,148-0.4%

Source: HUD Fair Market Rents. Updates when HUD publishes a new fiscal year.

Is rent going up or down in Sherman?

Typical rent across Grayson County is $1,339 as of August 2026. That is down 1.2% from a year earlier and up 13.0% over five years.

YearTypical rent, Grayson CountyChange
2021$1,219+11.8%
2022$1,319+8.3%
2023$1,347+2.1%
2024$1,386+2.9%
2025$1,340-3.3%
2026 (through August)$1,339-0.0%

Zillow Observed Rent Index for the county, all home types, last published month of each year. Each row is compared with the end of the year before it.

Sherman rent questions

What is the average rent in Sherman, TX?
Typical asking rent in Sherman is $1,510 a month as of July 2026, across 3 ZIP codes. By ZIP code it runs from $1,236 to $1,825.
How much is rent for a 2 bedroom in Sherman?
HUD's FY2027 Fair Market Rent for a two bedroom in Grayson County is $1,395 a month including utilities. A one bedroom is $1,126 and a three bedroom is $1,932. Fair Market Rent is set near the 40th percentile, so a typical unit lists somewhat higher.
Is rent going up or down in Sherman?
Rent is falling. Typical rent in Grayson County is $1,339 as of August 2026, down 1.2% from a year earlier.
What is the cheapest ZIP code to rent in Sherman?
ZIP 75092 has the lowest typical asking rent in Sherman at $1,236 a month, compared with $1,510 for the city overall.
How much income do you need to rent in Sherman?
Most landlords look for gross income of about three times the rent. At the typical Sherman rent of $1,510, that is about $4,530 a month, or $54,360 a year. This is a common screening rule of thumb, and individual landlords set their own.

How to use these numbers

These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.

If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. Sherman sits in the Sherman-Denison, TX metro area.

Other Texas cities

Would a rental in Sherman cash flow?

Start the analyzer with the Sherman median rent of $1,510 and add a real purchase price to see cash flow, cap rate, and cash-on-cash return.