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Cheap 2 Bedroom Apartments for Rent in the Sherman Terrace Neighborhood of Madison, WI from $750 (67 Rentals)
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$920 - $4,2002 Bedroom Apartments Available Now
Mendota Lakeshore Apartments
620 N Carroll StMadison, WI 53703
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$1,050 - $1,1992 Bedroom Apartments Available Now
Madison Mayfair Apartments
1010 N Mayfair AveMadison, WI 53714
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$1,099 - $1,7592 Bedroom Apartments Available Aug 14, 2026
Theory Madison
419 N Lake StMadison, WI 53715
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$1,200 - $1,5002 Bedroom Apartments Available Now
421 W Gilman St
421 W Gilman StMadison, WI 53703
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$1,246 - $1,6002 Bedroom Apartments Contact Us For Availability
Valor on Washington
1314-1326 E Washington AveMadison, WI 53703
2416 Atwood Ave
MadisonWI53704
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$1,275 - $1,6102 Bedroom Apartments Available Now
The Oscar Senior Apartments
1222 Huxley StMadison, WI 53704
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$1,287 - $1,5712 Bedroom Apartments Available Now
Carbon at Union Corners
2418 Winnebago StMadison, WI 53704
2718 Commercial Ave
MadisonWI53704
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$1,310 - $1,6002 Bedroom Apartments Available Dec 1
Fair Oaks
144 S Fair Oaks AveMadison, WI 53704
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$1,321 - $1,8252 Bedroom Apartments Available Now
Rise-Madison
958 Rise LnMadison, WI 53714
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$1,3952 Bedroom Apartment Available Now
3388 E Washington Ave, Unit #2
3388 E Washington AveMadison, WI 53704
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$1,4002 Bedroom Apartment Available Jan 1, 2026
410 Pawling St, Unit 3
410 Pawling StMadison, WI 53704
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$1,420 - $1,6352 Bedroom Apartments Available Now
Rivers Edge Apartments
1614 Fordem AveMadison, WI 53704
2541 Upham St
MadisonWI53704
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$1,5002 Bedroom Apartments Available Now
Ridgeview Heights Apartments
3154-3166 Ridgeway AveMadison, WI 53704
309 N Pinckney St
MadisonWI53703
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$1,550 - $2,0052 Bedroom Apartments Contact Us For Availability
Williamson Place
820-824 Williamson StMadison, WI 53703
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$1,570 - $1,6002 Bedroom Apartments Available Aug 15, 2026
202-204 N Pinckney St
202-204 N Pinckney StMadison, WI 53703
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$1,595 - $2,2002 Bedroom Apartments Contact Us For Availability
Quisling Terrace
2 Gorham StMadison, WI 53703
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$1,5952 Bedroom Apartment Available Now
142 S Marquette St, Unit 1
142 S Marquette StMadison, WI 53704
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$1,6002 Bedroom Apartment Available Now
2069 Winnebago St, Unit 2069 A
2069 Winnebago StMadison, WI 53704
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$1,6002 Bedroom Apartment Available Aug 15, 2026
120 S Blair St, Unit 1
120 S Blair StMadison, WI 53703
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Sherman Terrace, Madison, WI Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Sherman Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sherman Terrace Studio Apartments | $1,666 | $775 | $2,585 |
| Sherman Terrace 1 Bedroom Apartments | $2,062 | $900 | $3,500 |
Sherman Terrace 2 Bedroom Apartments | $2,670 | $750 | $7,000 |
| Sherman Terrace 3 Bedroom Apartments | $2,937 | $1,012 | $6,450 |
| Sherman Terrace 4 Bedroom Apartments | $2,545 | $1,080 | $6,700 |
| Sherman Terrace 5 Bedroom Apartments | $2,399 | $799 | $8,150 |
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Getting Around the Sherman Terrace Neighborhood in Madison, WI
Walk Score®
59 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
92 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
44 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Sherman Terrace Apartments
What is a cheap apartment in Sherman Terrace?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Sherman Terrace is under $1,095.
What is the price of a cheap apartment in Sherman Terrace?
The cheapest apartment in Sherman Terrace is Madison Mayfair Apartments which is listed at $1,050, while the average apartment in Sherman Terrace costs $8,900.
What types of apartments are the cheapest in Sherman Terrace?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 169 regular apartments in Sherman Terrace that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Sherman Terrace?
Cheap apartments in Sherman Terrace have an average cost of $2,011 which is $6,889 cheaper than the average rent for all rentals in Sherman Terrace.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison
Written by: Mike Heuer
I’m Mike, your ApartmentHomeLiving.com local expert for Madison, Wisconsin. I lived and worked in Madison for several years before career opportunities took me elsewhere.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.