5

Sheridan, OR Homes for Rent

Section Image
  • /10

    Starting at $1,385 Per Month

    • 2 Beds

    200 SE Riverside Dr, Sheridan, OR 97378

    A quaint 27-unit affordable apartment complex in Sheridan, OR. Apartment homes receive rental subsidy through USDA Rural Development Housing.

    Riverside Terrace- USDA Subsidized Housing

    (971) 309-8617

    200 SE Riverside Dr, Sheridan, OR 97378
  • /2

    $700 Per Month

    • 1 Bed
    • 4 Baths
    • House for Rent

    985 SE Sheridan Rd, Sheridan, OR 97378

    Property Id: 958319Valley's Edge RV Park has spaces available! Located on Highway 18 in Sheridan, we have spaces available for month to month lease agreements. $700/month + electric (premium spaces are $800/month). Must submit application and background check. You can contact us at or call

    (971) 287-7438

    985 SE Sheridan Rd, Sheridan, OR 97378
  • /11

    $2,400 Per Month

    • 4 Beds
    • 2 Baths
    • 1,434 Sq Ft
    • House for Rent

    508 NW Blair St, Sheridan, OR 97378

    Newly remodeled home in quiet neighborhood. This home has all new appliances, paint, and flooring. Spacious living with a great room and fourth bedroom/den. Oversized garage for RV parking and shop use. Partially fenced yard with raised garden box and fire pit. Washer and dryer included.Pets are welcome.This home is in a great location at the base of the Coastal Mountains on the

    508 NW Blair St, Sheridan, OR 97378
  • /26

    $2,100 Per Month

    • 3 Beds
    • 2 Baths
    • 1,310 Sq Ft
    • Newly Renovated 3 Bedroom, 2 Bath House in Sheridan

    357 NE Faulconer Ct, Sheridan, OR 97378

    This newly renovated 3 bedroom, 2 bath house near downtown Sheridan features an open living room/dining room floor plan, two-car garage, and fenced backyard. On a corner lot, the house has wonderful views of the surrounding hillside. New paint, new flooring, new toilets and shower inserts, new roof, new fence. Pets are allowed on approval of owner with additional deposit. Renter's insurance

    357 NE Faulconer Ct, Sheridan, OR 97378

Why Live in Sheridan

Sheridan, Oregon, is a small town characterized by its quiet streets and rural atmosphere, with the South Yamhill River winding through its center. The town's history is rooted in agriculture and logging, with fertile soil supporting extensive grain farmland and numerous nearby wineries. Located less than 30 miles from Salem, Sheridan provides access to Highway 18 and Oregon Route 22, making it convenient for trips to oceanfront cities and northern Oregon's scenic recreation areas. The housing market in Sheridan features a mix of old and new homes, including late 20th-century ranch-style homes, bungalows from the late 1800s, and modern traditional builds. Homes typically sit on quarter-acre lots with fenced-in backyards. Local highlights include Bridge Street's small selection of businesses, such as Riverside Cafe, Lee’s Green Frog & Ramen Noodle House, and Hurricane Coffee. The Sheridan Public Library hosts community activities, while Sheridan City Park and Southside Park offer recreational spaces with playgrounds, walking trails, and a fishing pond. Nearby, the Mason-Rivera Sculpture Garden & Art Gallery features landscaped gardens and an indoor gallery. The town is just west of the Willamette Valley, home to many wineries like J Wrigley Vineyards and Art + Science Cider & Wine. Sheridan High School offers a range of applied arts courses and dual enrollment options with Chemeketa Community College. With its rural charm and proximity to larger cities, Sheridan provides a peaceful living environment.

Frequently Asked Questions

How much does it cost to rent a home in Sheridan, OR?
The median rent for a home in Sheridan, OR is $2,100 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Sheridan, OR?
To comfortably afford the median rent in Sheridan, OR, a household needs to earn roughly $84,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,100 per month in Sheridan, OR, renters typically need to show $6,300 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Sheridan, OR?
In Sheridan, OR, the price-to-rent ratio is 14.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Sheridan, OR are best for renting a home?
The best neighborhood for renting in Sheridan, OR depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include West Salem, Highland, Grant, Downtown Salem and South Central, each with its own character and price range.

Rental Trends in Sheridan, OR

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$2,100
Median Single Family Home Rent
$2,100
How to Rent a Home