Cheap Homes for Rent in Sherman Terrace Neighborhood of Madison, WI from $1,000 (18 Rentals)

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

property at 125 E Gorham St

125 E Gorham St

MadisonWI53703
property at 137 E Gorham St

137 E Gorham St

MadisonWI53703
property at 109 E Gorham St

109 E Gorham St

MadisonWI53703
property at 121 E Gorham St

121 E Gorham St

MadisonWI53703

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.

property at 129 E Gorham St

129 E Gorham St

MadisonWI53703
property at 133 E Gorham St

133 E Gorham St

MadisonWI53703

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.

property at 114 S Blair St

114 S Blair St

MadisonWI53703

The 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.

Cheapest Available Sherman Terrace Apartments for Rent

 

The cheapest available apartment rental in the Sherman Terrace area of Madison, WI is a Studio unit found at Hellenbrand Apartments priced from $705. Pres House Apartments has the second lowest priced unit, which is a 4 Beds apartment currently listed from $750. Here are the most affordable Sherman Terrace apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Hellenbrand ApartmentsStudio--111 S BassettStudio,1BA$705
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$750
Gargano Propertiesone1BR,1BA$750
632 Howard Place632 Howard Place - 302Studio,1BA$895
509 N Lake StOne-Bed1BR,1BA$950

Best Value Apartments for Rent in Sherman Terrace, WI

As of September 08, 2025 the best value apartment in the Sherman Terrace area is the $0.77 price per square foot 6 Bedroom Model at 229 Lakelawn *Student Housing* in the in the The Isthmus neighborhood starting from $1,200. 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.
229 Lakelawn *Student Housing*6 Bedroom6BR,3BA$0.77
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
3322 Ridgeway Ave, Unit #13322 Ridgeway Ave2BR,1BA$1.29
Hub on Campus Madison3X23BR,2BA$1.61
Gargano Propertiesone1BR,1BA$0.74
209 Kedzie St, Unit Apartment #2209 Kedzie St2BR,1BA$1.53
Madison Mayfair ApartmentsRemodeled 3 Bedroom3BR,1BA$1.68
Commercial AvenueTwo Bedroom2BR,1BA$1.63

Frequently Asked Questions about Sherman Terrace

What type of rentals are currently available in Sherman Terrace?

There are currently 560 Apartments for Rent in Sherman Terrace, WI with pricing that ranges from $750 to $7,277. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sherman Terrace ranging from $1,015 to $6,150.

What is the current price range for Rental Homes in Sherman Terrace?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Sherman Terrace ranges from $1,015 to $6,150 with an average monthly rent of $2,341.

How much are larger Three and Four Bedroom Rentals in Sherman Terrace?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Sherman Terrace range from $1,170 to $6,445, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,995. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $750.

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.

decorative image for Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.