Rent in Sherman, TX at a glance
2-bedroom rent (HUD)
$1,351$16,212 a year · HUD fiscal year 2026From October 1, 2026: $1,395 (+3.3%)How much rent can you afford in Sherman, TX?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Sherman, TX by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $1,088 | $13,056 | $43,520 | $20.92/hr |
| 1 bedroom | $1,089 | $13,068 | $43,560 | $20.94/hr |
| 2 bedroomsMost searched | $1,351 | $16,212 | $54,040 | $25.98/hr |
| 3 bedrooms | $1,879 | $22,548 | $75,160 | $36.13/hr |
| 4 bedrooms | $2,157 | $25,884 | $86,280 | $41.48/hr |
Cost of living in Sherman, TX: income, prices and a budget →
Living and working in Sherman, TX
Rent in Sherman, TX: common questions
How much is rent going up in Sherman, TX in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,395 for a two-bedroom, up 3.3% from $1,351. A one-bedroom goes from $1,089 to $1,126, a studio from $1,088 to $1,102.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Sherman, TX?
HUD's Fair Market Rent for 2026 is $1,089 for a one-bedroom and $1,351 for a two-bedroom, utilities included. That is $16,212 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Sherman, TX?
To keep a $1,351 two-bedroom at 30% of gross pay, one full-time worker needs $25.98 an hour, or $54,040 a year. A one-bedroom at $1,089 takes $20.94 an hour.
How much is a 1, 2 or 3-bedroom apartment in Sherman, TX?
At HUD's 2026 Fair Market Rent: studio $1,088, one bedroom $1,089, two $1,351, three $1,879 and four $2,157 a month.
Is rent affordable in Sherman, TX?
For the typical household, earning $58,859 a year ($4,905 a month, Census ACS), a two-bedroom at $1,351 takes 27.5% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,351 × 12) ÷ 0.30 = $54,040. Divided by 2,080 working hours, that is $25.98 an hour.