Riverwood Heights Apartments
12070 SW Fischer Rd,
Tigard, OR 97224
1-3 Beds | $1,485 - $1,872
Rental Market Trends in Sherwood, OR
Updated July 2026
The average rent in Sherwood, OR is $1,743/month.
Rent in Sherwood is roughly equal to the national average rent of of $1,663/month.
$1,743/month
Average Rent
757 Sq Ft
Average Size
-1.3%
Change / Year
125
Available Apartments
Sherwood rent varies by unit size and layout:
- Studio apartments in Sherwood average $1,656 per month.
- One-bedroom apartments in Sherwood average $1,743 per month.
- Two-bedroom apartments in Sherwood average $1,931 per month.
- Three-bedroom apartments in Sherwood average $2,306 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Sherwood, OR?
In the past year, rent has decreased by 1.3%, which averages out to $22 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Sherwood, OR
July 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
17%
$1,001 - $1,500/month
50%
$1,501 - $2,000/month
33%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Sherwood?
Based on current rent prices, Sherwood/Tualatin North is the most affordable neighborhood in Sherwood.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Sherwood?
Based on current rent prices, Sherwood/Tualatin North is the most expensive neighborhood in Sherwood.
Neighborhood
Average Rent
Average Sq Ft
Which Sherwood neighborhoods have the most rentals available?
The neighborhood in Sherwood with the most apartments available is Sherwood/Tualatin North .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Sherwood, OR?
Because the average rent in Sherwood is $1,743, you’ll want to make about $5,810 per month or $69,720 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Sherwood, OR compare to other nearby cities and neighborhoods?
Use the tool below to compare Sherwood, OR to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Sherwood Area GuideStudio
-
-
One Bedroom
$1,672/month
$1,672/month
Two Bedroom
$1,841/month
$1,841/month
Three Bedroom
$2,255/month
$2,255/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Sherwood We Think You'll Love
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Frequently Asked Questions
What is the average rent in Sherwood?
The average rent in Sherwood is $1,743 per month, which is 4.8% higher than the national average of $1,663.
Are rents going up or down in Sherwood?
Rents in Sherwood, OR are decreasing, with prices down 1.3% year-over-year and $22 less per month.
What rent range is most common in Sherwood?
In Sherwood, OR, 50% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.