Cheap Apartments for Rent in the Sherman Terrace Neighborhood of Madison, WI from $400 (177 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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property at 930 E Dayton St

930 E Dayton St

MadisonWI53703

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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 4 Beds unit found at Pres House Apartments priced from $750. Capital Park Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable Sherman Terrace apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$750
Capital Park ApartmentsEfficiencyStudio,1BA$999
Madison Mayfair Apartments1 Bedroom1BR,1BA$1,000
Gargano Propertiesone1BR,1BA$1,020
106 S Hancock StStudioStudio,1BA$1,040
Courtyard Apartments, LLC.0BR/1.0BAStudio,1BA$1,060
Hooker Avenue ApartmentsStudioStudio,1BA$1,075
The ConstellationEfficiency - Income restrictedStudio,1BA$1,099
The Oscar Family ApartmentsIncome Restricted - One Bedroom 50%1BR,1BA$1,133
402 W Wilson Street1/11BR,1BA$1,138

Best Value Apartments for Rent in Sherman Terrace, WI

As of August 15, 2025 the best value apartment in the Sherman Terrace area is the $1.41 price per square foot 3x2 Income restricted Model at Carbon at Union Corners in the in the Near East Side neighborhood starting from $1,811. The second greatest value Sherman Terrace apartment is the 2045 E Washington Ave Model at 2045 E Washington Ave, Unit 1 starting at $2,050 with a $1.71 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.
Carbon at Union Corners3x2 Income restricted3BR,2BA$1.41
2045 E Washington Ave, Unit 12045 E Washington Ave2BR,2BA$1.71
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$0.64
2939 Sachs St, Unit 12939 Sachs St2BR,1BA$1.40
Yahara Landing ApartmentsMaple2BR,2BA$1.51
Ridge Creek Apartments2x10282BR,1BA$1.41
PMM + MS2 Bedroom2BR,1BA$1.45
The Oscar Senior Apartments2 Bedroom Market2BR,2BA$1.56
Gargano Propertiesone1BR,1BA$1.36
Madison Mayfair Apartments2 Bedroom2BR,1BA$1.60

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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 $1,138.

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 $1,000, while the average apartment in Sherman Terrace costs $2,760.

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 70 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 $891 which is $1,869 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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

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