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$842 - $1,3141 Bedroom Apartments Available Now
The Shield
22 N Blount StMadison, WI 53703
Cheap Apartments for Rent in the Sherman Terrace Neighborhood of Madison, WI from $400 (228 Rentals)
Search the lowest-cost Apartments available for rent right now in the Sherman Terrace area of Madison.
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$850Studio Apartments Available Aug 15
218 S Bassett St
218 S Bassett StMadison, WI 53703
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$855 - $2,700Studio to 2 Bedroom Apartments Available Aug 17
New Langdon
126 Langdon StMadison, WI 53703
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$890 - $1,110Studio Apartments Available Now
106 S Hancock St
106 S Hancock StMadison, WI 53703
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$895 - $1,750
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$800 - $1,655
Required Monthly Fees
$95
Total Monthly Price
$895 - $1,750
632 Howard Place
632 Howard PlMadison, WI 53703
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Rent Specials
$900 - $950Studio Apartments Available Aug 15
Metropolitan Apartments
380 W Washington AveMadison, WI 53703
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$920 - $2,650Studio to 3 Bedroom Apartments Available Aug 16
519 State St
519 State StMadison, WI 53703
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$950Studio Apartments Available Aug 15
454 W Dayton St
454 W Dayton StMadison, WI 53703
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$950 - $1,200Studio to 1 Bedroom Apartments Available Aug 15
509 N Lake St
509 N Lake StMadison, WI 53703
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Rent Specials
$975 - $1,075Studio Apartments Contact Us For Availability
Hooker Avenue Apartments
1402 Hooker AveMadison, WI 53704
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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$975 - $1,7801 to 2 Bedroom Apartments Available Aug 1
Cardinal Apartments
416 E Wilson StMadison, WI 53703
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$980 - $2,650Studio to 3 Bedroom Apartments Available Aug 16
Gargano Properties
525 State StMadison, WI 53703
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$990 - $1,880Studio to 2 Bedroom Apartments Available Aug 1
421 W Gilman St
421 W Gilman StMadison, WI 53703
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$995 - $1,250
Total Monthly Price
Studio to 1 Bedroom Apartments Available May 1Total Monthly Price
Base Rent
$960 - $1,215
Required Monthly Fees
$35
Total Monthly Price
$995 - $1,250
140 W. Gorham
140 W Gorham StMadison, WI 53703
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$999 - $1,099
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$949 - $1,049
Required Monthly Fees
$50
Total Monthly Price
$999 - $1,099
Capital Park Apartments
502 E Main StMadison, WI 53703
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$999 - $1,5991 to 3 Bedroom Apartments Available Now
Madison Mayfair Apartments
1010 N Mayfair AveMadison, WI 53714
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$1,000 - $2,300Studio to 2 Bedroom Apartments Available Now
Mendota Lakeshore Apartments
620 N Carroll StMadison, WI 53703
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$1,000 - $1,200Studio Apartments Contact Us For Availability
Tuscan Place
33 S Bassett StMadison, WI 53703
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$1,050
Total Monthly Price
Studio Apartment Available Jul 1Total Monthly Price
Base Rent
$1,050
Total Monthly Price
$1,050
636 State St, Unit 302
636 State StMadison, WI 53703
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$1,060 - $1,295Studio Apartments Available Now
Courtyard Apartments
102 N Franklin StMadison, WI 53703
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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$1,069 - $1,5621 to 3 Bedroom Apartments Available Now
The Oscar Family Apartments
1244 Huxley StMadison, WI 53704
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Rent Specials
$1,070 - $1,545Studio to 2 Bedroom Apartments Available Now
City Row
602 E Johnson StMadison, WI 53703
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$1,075 - $1,295Studio to 1 Bedroom Apartments Contact Us For Availability
Jenifer Place
902 Jenifer StMadison, WI 53703
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$1,090 - $1,7551 to 2 Bedroom Apartments Available Now
Ella
2860 E Washington AveMadison, WI 53704
2709 E Johnson St
MadisonWI53704
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$1,095 - $1,995
Total Monthly Price
1 to 2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,095 - $1,995
Total Monthly Price
$1,095 - $1,995
315 N Blair St
315 N Blair StMadison, WI 53703
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$1,0951 Bedroom Apartments Available Aug 16
518 W Main St
518 W Main StMadison, WI 53703
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$1,099 - $2,299Studio to 5 Bedroom Apartments Available Aug 14
Theory Madison
419 N Lake StMadison, WI 53715
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$1,110 - $3,640Studio to 3 Bedroom Apartments Available Now
Langdon Hall Apartments
633 Langdon StMadison, WI 53703
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$1,112 - $2,0301 to 3 Bedroom Apartments Available Now
Rise-Madison
958 Rise LnMadison, WI 53714
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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$1,120 - $2,650Studio to 2 Bedroom Apartments Available Now
Williamson Place
820-824 Williamson StMadison, WI 53703
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$1,135 - $1,655Studio to 2 Bedroom Apartments Available Mar 1
The Breese
1003 E Mifflin StMadison, WI 53703
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$1,138 - $1,6531 to 2 Bedroom Apartments Available Now
402 W Wilson Street
402 W Wilson StMadison, WI 53703
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$1,140
Total Monthly Price
1 Bedroom Apartment Available Apr 1Total Monthly Price
Base Rent
$1,140
Total Monthly Price
$1,140
2214 Winnebago St, Unit #2
2214 Winnebago StMadison, WI 53704
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$1,149 - $1,815
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,134 - $1,800
Required Monthly Fees
$15
Total Monthly Price
$1,149 - $1,815
The Victoria at Huxley Yards
1003 Huxley StMadison, WI 53704
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$1,149 - $2,490
Total Monthly Price
1 to 4 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,134 - $2,475
Required Monthly Fees
$15
Total Monthly Price
$1,149 - $2,490
The View at Huxley Yards
905 Huxley StMadison, WI 53704
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$1,150 - $1,800
Total Monthly Price
Studio to 2 Bedroom Apartment Available Mar 1Total Monthly Price
Base Rent
$1,150 - $1,800
Total Monthly Price
$1,150 - $1,800
137 E Gorham St
137 E Gorham StMadison, WI 53703
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$1,164 - $1,6601 to 2 Bedroom Apartments Available Now
The Oscar Senior Apartments
1222 Huxley StMadison, WI 53704
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$1,190
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,190
Total Monthly Price
$1,190
451 W Mifflin St, Unit 3
451 W Mifflin StMadison, WI 53703
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$1,190 - $1,8301 to 3 Bedroom Apartments Available Now
Rivers Edge Apartments
1614 Fordem AveMadison, WI 53704
Madison's Best Affordable Neighborhoods
Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer
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$1,195 - $1,875Studio to 2 Bedroom Apartments Available Jun 1
22 N Hancock St
22 N Hancock StMadison, WI 53703
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$1,195 - $1,450
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Studio to 1 Bedroom Apartment Available Jun 1Total Monthly Price
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$1,195 - $1,450
Total Monthly Price
$1,195 - $1,450
121 N Hancock St
121 N Hancock StMadison, WI 53703
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$1,195 - $2,360
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1 to 4 Bedroom Apartment Available NowTotal Monthly Price
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$1,195 - $2,360
Total Monthly Price
$1,195 - $2,360
17 N Bassett St
17 N Bassett StMadison, WI 53703
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$1,195
Total Monthly Price
1 Bedroom Apartment Available Aug 16Total Monthly Price
Base Rent
$1,195
Total Monthly Price
$1,195
528 State St
528 State StMadison, WI 53703
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$1,200 - $1,3502 Bedroom Apartments Available Now
914-16 N Oak St
914-16 N Oak StMadison, WI 53704
127 E Johnson St
MadisonWI53703
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$1,200 - $2,2001 to 3 Bedroom Apartments Available Soon
427-431 W Doty
427-431 W Doty StMadison, WI 53703
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$1,225 - $3,4001 to 4 Bedroom Apartments Contact Us For Availability
College Station
1013 Milton StMadison, WI 53715
414 State St
MadisonWI53703
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$1,249 - $8,1501 to 5 Bedroom Apartments Available Now
Waterfront Apartments
633 N Henry StMadison, WI 53703
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,696 | $850 | $3,030 |
| Sherman Terrace 1 Bedroom Apartments | $2,104 | $842 | $4,290 |
| Sherman Terrace 2 Bedroom Apartments | $2,659 | $855 | $5,330 |
| Sherman Terrace 3 Bedroom Apartments | $2,883 | $675 | $10,000+ |
| Sherman Terrace 4 Bedroom Apartments | $2,239 | $650 | $6,700 |
| Sherman Terrace 5 Bedroom Apartments | $2,167 | $1,199 | $8,150 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 228 rentals with your search options within a 2 mile radius of the Sherman Terrace Neighborhood of Madison, WI.
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Sherman Terrace, Madison, WI Local Guide
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Cheapest Available Sherman Terrace Apartments for Rent
The cheapest available apartment rental in the Sherman Terrace area of Madison, WI is a 1 Bed unit found at The Shield priced from $842. 106 S Hancock St has the second lowest priced unit, which is a Studio apartment currently listed from $890. Here are the most affordable Sherman Terrace apartments for rent in Madison, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Shield | A2 | 1BR,1BA | $842 |
| 106 S Hancock St | Studio | Studio,1BA | $890 |
| 632 Howard Place | 632 Howard Place - 304 | Studio,1BA | $895 |
| 421 W Gilman St | 421 Gilman 1 Bedroom | 1BR,1BA | $990 |
| Madison Mayfair Apartments | 1 Bedroom | 1BR,1BA | $999 |
| Capital Park Apartments | Efficiency | Studio,1BA | $999 |
| Courtyard Apartments | 0BR/1.0BA | Studio,1BA | $1,060 |
| Varsity Campus Apartments | 4-Bedroom, 2-Bath | 4BR,2BA | $1,065 |
| The Oscar Family Apartments | Income Restricted - Two Bedroom 50% | 1BR,1BA | $1,069 |
| City Row | A4 (50LMI Income Restricted) | Studio,1BA | $1,070 |
Best Value Apartments for Rent in Sherman Terrace, WI
As of February 27, 2026 the best value apartment in the Sherman Terrace area is the $1.38 price per square foot 453 W Mifflin St Model at 453 W Mifflin St, Unit 1 in the in the The Isthmus neighborhood starting from $1,845. The second greatest value Sherman Terrace apartment is the 3x2 Income restricted Model at Carbon at Union Corners starting at $1,811 with a $1.41 price per square foot in the Near East Side neighborhood. Here is today’s list of the best values for Sherman Terrace apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 453 W Mifflin St, Unit 1 | 453 W Mifflin St | 3BR,1BA | $1.38 |
| Carbon at Union Corners | 3x2 Income restricted | 3BR,2BA | $1.41 |
| Pres House Apartments | Bedroom (Shared) | 4BR,2BA | $1.37 |
| 229 Lakelawn *Student Housing* | 4 Bedroom 26-27 School Year / Room | 4BR,3BA | $1.18 |
| Collegiate Campus Apartments | 3 Bedroom 2 Bath Lake Views (7th/8th Floor) | 3BR,2BA | $0.74 |
| 451 W Mifflin St, Unit 3 | 451 W Mifflin St | 2BR,1BA | $1.27 |
| Varsity Campus Apartments | 4-Bedroom, 2-Bath | 4BR,2BA | $1.18 |
| 914-16 N Oak St | 2Bedroom | 2BR,1BA | $1.33 |
| 17 N Bassett St | 17 N Bassett St | 1BR,1BA | $1.46 |
| The Shield | A2 | 1BR,1BA | $1.09 |
Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI
Discover the best student housing neighborhoods for renting in Madison, Wisconsin! This guide covers apartments near the University of Wisconsin-Madison, Edgewood University, Herzing University, and Madison Area Technical College, detailing locations like Regent, Shorewood Hills, Dudgeon-Monroe, and more for your perfect college home.
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Madison. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.
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 $1,070.
What is the price of a cheap apartment in Sherman Terrace?
The cheapest apartment in Sherman Terrace is The Shield which is listed at $842, while the average apartment in Sherman Terrace costs $9,500.
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 379 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 $901 which is $8,599 cheaper than the average rent for all rentals in Sherman Terrace.
Expert Rental Resources
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.
Articles, How-To's, and Tips
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.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.