Cheap Apartments for Rent in the Sherman Terrace Neighborhood of Madison, WI from $400 (190 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Sherman Terrace area of Madison.

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Sherman Terrace, Madison, WI Local Guide

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 Oscar Senior Apartments priced from $678. Hub on Campus Madison has the second lowest priced unit, which is a 3 Beds apartment currently listed from $730. Here are the most affordable Sherman Terrace apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
The Oscar Senior Apartments1 Bedroom Income Restricted1BR,1BA$678
Hub on Campus Madison3X5D33BR,3BA$730
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$750
The ShieldA21BR,1BA$842
Hellenbrand ApartmentsStudio--111 S BassettStudio,1BA$850
Capital Park ApartmentsEfficiencyStudio,1BA$999
Madison Mayfair Apartments1 Bedroom1BR,1BA$1,000
Courtyard Apartments, LLC.0BR/1.0BAStudio,1BA$1,025
Ridgeview Heights ApartmentsLrg. 1BR/1BA1BR,1BA$1,040

Best Value Apartments for Rent in Sherman Terrace, WI

As of June 28, 2025 the best value apartment in the Sherman Terrace area is the $1.04 price per square foot 3 Bed, 2 Bath Model at Waterfront in the in the The Isthmus neighborhood starting from $1,450. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Waterfront3 Bed, 2 Bath3BR,2BA$1.04
Carbon at Union Corners3x2 Income restricted3BR,2BA$1.41
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$0.64
402 W Wilson Street2/22BR,2BA$1.58
Ridge Creek Apartments2x10282BR,1BA$1.41
The Oscar Senior Apartments2 Bedroom Market2BR,2BA$1.57
Williamson Place2BR/1BA2BR,1BA$1.65
The Oscar Family ApartmentsIncome Restricted - One Bedroom 50%1BR,1BA$1.75
Madison Mayfair Apartments2 Bedroom2BR,1BA$1.60
McCormick CommonsUpper Unit1BR,1BA$1.59

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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.

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 $1,040.

What is the price of a cheap apartment in Sherman Terrace?

The cheapest apartment in Sherman Terrace is The Oscar Senior Apartments which is listed at $678, while the average apartment in Sherman Terrace costs $2,849.

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 139 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 $880 which is $1,969 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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.