2

Newest Homes for Rent in Sheridan, OR

Section Image
  • 473-475 SE Excel St Unit 473, Sheridan, OR 97378
    473-475 SE Excel St Unit 473, Sheridan, OR 97378
    473-475 SE Excel St Unit 473, Sheridan, OR 97378
    /14

    $1,600 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,500 Sq Ft
    • 473-475 SE Excel St

    473-475 SE Excel St Unit 473, Sheridan, OR 97378

    - Duplex built in 2000- 1,500 sq. ft.- 3 bedrooms- 2.5 bathrooms- Gas fireplace for added coziness- Two stories - Single-car garage- Partially fenced yard with shed in backyard- NO PETS- Utilities and yard work are tenant responsibility- RENTER'S INSURANCE REQUIRED- Property includes refrigerator, stove, dishwasher, and W/D hookups** “Date

    473-475 SE Excel St Unit 473, Sheridan, OR 97378
  • 246 SW Jefferson St, Sheridan, OR 97378
    246 SW Jefferson St, Sheridan, OR 97378
    246 SW Jefferson St, Sheridan, OR 97378
    /10

    $1,995 Per Month

    • 3 Beds
    • 2 Baths
    • 1,344 Sq Ft
    • House for Rent

    246 SW Jefferson St, Sheridan, OR 97378

    This newer 3 bed, 2 bath home is within walking distance to Sheridan schools. Nice open floor plan with double car garage. No pets allowed.- Application fees are $50/adult - Income requirement of 3 times the rental amount to qualify - 1 year of verifiable, 3rd party rental history, proof of home ownership, or cosigner required -Renter's insurance required.

    246 SW Jefferson St, Sheridan, OR 97378
Oregon Yamhill County

Newest Homes for Rent in Sheridan, OR

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 $1,797 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
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 $71,880 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 $1,797 per month in Sheridan, OR, renters typically need to show $5,391 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 17.8, 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

There are currently 2 homes available for rent in Sheridan, OR. The median rent is $1,797 per month, with single-family homes renting at $1,995 and condos at $1,600.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,797
Median Single Family Home Rent
$1,995
Median Condo Rent
$1,600
How to Rent a Home

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2026 CoStar Group