
Cheap Homes for Rent in Sherman Terrace Neighborhood of Madison, WI from $1,000 (18 Rentals)
Search the lowest-cost Homes available for rent right now in the Sherman Terrace area of Madison.


1975 E Washington Ave

125 E Gorham St

137 E Gorham St

109 E Gorham St

121 E Gorham St
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415 N Ingersoll St

129 E Gorham St

312 S Ingersoll St

133 E Gorham St

2826 Myrtle St

2725 Myrtle St
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123 E Gorham St

115 Lakewood Gardens Ln

114 S Blair St

1403 Loftsgordon Ave

31 Sherman Ter, Unit 6

120 S Blair St
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Sherman Terrace, Madison, WI Local Guide

How much does it cost to rent a home in Sherman Terrace?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Sherman Terrace 2 Bedroom Homes for Rent | $2,128 | $1,500 | $4,950 |
Sherman Terrace 3 Bedroom Homes for Rent | $2,297 | $1,400 | $2,995 |
Sherman Terrace 4 Bedroom Homes for Rent | $3,585 | $2,400 | $6,150 |
Sherman Terrace 5 Bedroom Homes for Rent | $3,403 | $2,500 | $4,195 |
Browse Homes for Rent in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Sherman Terrace Neighborhood of Madison, WI.
Explore Madison
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Hellenbrand Apartments | Studio--111 S Bassett | Studio,1BA | $705 |
Pres House Apartments | Bedroom A,B,C,D (Individual) | 4BR,2BA | $750 |
Gargano Properties | one | 1BR,1BA | $750 |
632 Howard Place | 632 Howard Place - 302 | Studio,1BA | $895 |
509 N Lake St | One-Bed | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
229 Lakelawn *Student Housing* | 6 Bedroom | 6BR,3BA | $0.77 |
Carbon at Union Corners | 3x2 Income restricted | 3BR,2BA | $1.41 |
2045 E Washington Ave, Unit 1 | 2045 E Washington Ave | 2BR,2BA | $1.71 |
Pres House Apartments | Bedroom A,B,C,D (Individual) | 4BR,2BA | $0.64 |
3322 Ridgeway Ave, Unit #1 | 3322 Ridgeway Ave | 2BR,1BA | $1.29 |
Hub on Campus Madison | 3X2 | 3BR,2BA | $1.61 |
Gargano Properties | one | 1BR,1BA | $0.74 |
209 Kedzie St, Unit Apartment #2 | 209 Kedzie St | 2BR,1BA | $1.53 |
Madison Mayfair Apartments | Remodeled 3 Bedroom | 3BR,1BA | $1.68 |
Commercial Avenue | Two Bedroom | 2BR,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.

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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Written by: Christine Leonard, Esq.
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