Sherwood Rural Municipality Number 159 is a rural municipality in southeastern Saskatchewan, Canada. It encircles and is an exurb of the city of Regina, the provincial capital. Also within the borders of Sherwood is the separately governed village of Grand Coulee. Sherwood is part of the Regina Census Metropolitan Area and the Regina Qu'Appelle Regional Health Authority Health Region.
The rural municipality is named after the Sherwood School District No. 460, the School District is named after Sherwood, Ontario where some of the early settlers to region originated from.
Sherwood takes up 719.46 square kilometers, boasting heavy clay soils making it one of the richest farming areas in the province. The Wascana Valley and Wascana Creek crosses through Sherwood. Sherwood Forest Bridge crosses Wascana Creek within Sherwood.
An industrial park, the Sherwood Industrial Park, is a home to the steel manufacturer Evraz (formerly IPSCO), agricultural implement manufacturers and dealerships, trucking companies, and medical hazardous waste disposal facilities.