Cheap Apartments for Rent in the Sherman Terrace Neighborhood of Madison, WI from $400 (245 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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Carbon
$771 - $1,943
Total Monthly Price

Total Monthly Price

Base Rent
$771 - $1,943
Total Monthly Price
$771 - $1,943
1 to 3 Bedroom Apartments Available Now

Carbon

2418 Winnebago StMadison, WI 53704
Pet Friendly
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  • Utilities Included
  • Low Income

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636 State St
$1,000
Total Monthly Price

Total Monthly Price

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$1,000
Total Monthly Price
$1,000
Studio Apartment Available Now

636 State St

636 State StMadison, WI 53703
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1826 Schlimgen Ave, Unit 1826
$1,185
Total Monthly Price

Total Monthly Price

Base Rent
$1,185
Total Monthly Price
$1,185
1 Bedroom Apartment Available Jul 15

1826 Schlimgen Ave, Unit 1826

1826 Schlimgen AveMadison, WI 53704
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Finding the right Madison apartment near work is easy. Browse our guide to the best neighborhoods for professionals, from State-Langdon to Bay Creek.

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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 Conway at Huxley Yards priced from $761. The Shield has the second lowest priced unit, which is a 1 Bed apartment currently listed from $842. Here are the most affordable Sherman Terrace apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
The Conway at Huxley YardsOne Bedroom/One Bath "D"1BR,1BA$761
The ShieldA21BR,1BA$842
126-128 S Franklin St1 BR1BR,1BA$929
502 E Main StEfficiencyStudio,1BA$999
Madison Mayfair Apartments1 Bedroom1BR,1BA$999
Axton5BR/5BA - The Five C ADA5BR,5BA$1,049
Greenspire Wilson Apartments0BR/1.0BAStudio,1BA$1,050
Varsity Campus Apartments4-Bedroom, 2-Bath4BR,2BA$1,065

Best Value Apartments for Rent in Sherman Terrace, WI

As of July 14, 2026 the best value apartment in the Sherman Terrace area is the $1.37 price per square foot Bedroom (Shared) Model at Pres House Apartments in the in the Downtown Madison neighborhood starting from $1,700. The second greatest value Sherman Terrace apartment is the 4BR/3BA - D1 Model at Chapter at Madison starting at $969 with a $0.81 price per square foot in the Downtown Madison 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.
Pres House ApartmentsBedroom (Shared)4BR,2BA$1.37
Chapter at Madison4BR/3BA - D14BR,3BA$0.81
209 Kedzie St, Unit Apartment #2209 Kedzie St2BR,1BA$1.55
3401 Dawes St2bed1bath2BR,1BA$1.53
Varsity Campus Apartments4-Bedroom, 2-Bath4BR,2BA$1.18
Cambridge Place1BR1BR,1BA$1.47
Rise-Madison1 Bed / 1 Bath1BR,1BA$1.46
The ShieldA21BR,1BA$1.18
The Andre Apartments1x1-HH1BR,1BA$1.55
The Conway at Huxley YardsOne Bedroom/One Bath "D"1BR,1BA$1.27

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

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 $1,065.

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

The cheapest apartment in Sherman Terrace is The Conway at Huxley Yards which is listed at $761, while the average apartment in Sherman Terrace costs $4,250.

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 500 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 $783 which is $3,467 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.

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