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Apartments Under $900/mo
Sherman, TX · Texoma Area · TI Growth City · Free Locator Service

Affordable Apartments
in Sherman, TX

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Apartments in Sherman, TX

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Budget-Friendly Sherman Apartments

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Renter Tips

What to Know Before Renting in Sherman

🏭
Texas Instruments Growth
TI's massive chip fab investment is driving Sherman's growth — and early renters benefit before rents catch up.
💰
Very Low Rents
Sherman rents are 40–50% below DFW metro averages. One of the most affordable cities in North Texas.
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Austin College
Small liberal arts college creates affordable off-campus housing near campus on the south side of Sherman.
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Low Income Minimums
Many Sherman properties require only 2x rent in income. SSI, SSDI, and housing vouchers widely accepted.
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Second Chance Options
Strong second-chance selection — Claudio knows which communities currently accept prior evictions and bad credit.
🛣️
US-75 Access
US-75 runs south to McKinney and Dallas. Good for occasional DFW commutes; less practical for daily.
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Pro Tip from Claudio
Sherman is in a rare position: genuinely cheap rents today, with major job growth incoming from Texas Instruments. Renters who lock in now before TI construction workers and new employees arrive could see their rent-to-market ratio improve significantly. It's one of the more interesting value plays in North Texas right now.
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Claudio C. Carrizal
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Affordable Apartments in Sherman, TX: Renter's Guide

Sherman is the Grayson County seat in the Texoma area, located on US-75 approximately 65 miles north of Dallas. It's one of the most affordable rental markets in North Texas, with 1-bedroom apartments commonly available for $600–$900/mo. Texas Instruments' announcement of a major semiconductor manufacturing campus in Sherman is driving rapid growth — but for now, rents remain well below DFW metro levels.

Sherman has a small-city character with a historic downtown, Austin College campus, and Grayson County Community College. The apartment inventory includes a mix of older garden-style communities and a growing number of newer builds as developers anticipate the TI workforce. For renters who work locally in Sherman or Denison — particularly in manufacturing, healthcare, or education — the cost-of-living advantage is significant.

Second-chance leasing is widely available in Sherman, with many older communities accepting prior evictions, credit challenges, SSI/SSDI income, or housing vouchers. Income requirements tend to be lower than DFW metro standards. Claudio knows the Sherman market and can match you with the right community based on your situation — whether you need maximum budget savings, second-chance flexibility, or proximity to the TI campus area.

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Claudio C. Carrizal

Claudio covers North Texas including Sherman, Denison, and the US-75 corridor. He knows which Sherman communities offer genuine value and which are best for renters with challenging history.

✓License #0605215 · Relive Realty LLC
✓Expert in North Texas and Texoma area market
✓Covers Sherman, Denison, McKinney, and Celina
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Frequently Asked Questions

Affordable apartments in Sherman, TX

What is the average rent for affordable apartments in Sherman, TX?
Apartments in Sherman typically range from $600–$900/mo for 1-bedrooms and $800–$1,100/mo for 2-bedrooms — some of the lowest rents in the DFW commute region. Sherman is the Grayson County seat in the Texoma area, where housing costs are significantly below DFW metro averages. The city is growing due to Texas Instruments' major chip manufacturing investment.
What is driving growth in Sherman?
Texas Instruments announced a major semiconductor manufacturing investment in Sherman, which is among the largest manufacturing projects in Texas history. This is driving significant population growth, new housing development, and rising rents — though Sherman remains well below DFW metro pricing. For renters looking to get in before further rent increases, Sherman is timely.
How far is Sherman from Dallas and McKinney?
Sherman is approximately 65 miles north of Dallas via US-75 and about 45 miles from McKinney. The commute to McKinney is roughly 45–55 minutes; to Dallas it's 60–75 minutes in normal traffic. Sherman works best for renters who work locally in Sherman or Denison, or who commute south occasionally rather than daily.
What is Austin College and how does it affect the rental market?
Austin College is a private liberal arts college in Sherman with about 1,200 students. It creates modest demand for off-campus housing, particularly in the neighborhoods near the campus on Lamar Street. Student-oriented housing near Austin College is available at some of the lowest rents in Sherman.
Are there second-chance apartments in Sherman?
Yes — Sherman has a strong selection of second-chance leasing options, particularly in older communities in the central and south areas of the city. Many communities here work with renters who have prior evictions, credit issues, or SSI/SSDI income. Income requirements are lower than DFW metro standards.