Cheap Homes for Rent in Sherman Terrace Neighborhood of Madison, WI from $1,200 (14 Rentals)

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

property at 107 Rethke Ave

107 Rethke Ave

MadisonWI53714

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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. Hub on Campus Madison has the second lowest priced unit, which is a 3 Beds apartment currently listed from $742. 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
Hub on Campus Madison3X5D33BR,3BA$742
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$750
Capital Park ApartmentsEfficiencyStudio,1BA$999
Madison Mayfair Apartments1 Bedroom1BR,1BA$1,000

Best Value Apartments for Rent in Sherman Terrace, WI

As of July 23, 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 Bedroom A,B,C,D (Individual) Model at Pres House Apartments starting at $750 with a $0.64 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
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
PMM + MS2 Bedroom2BR,1BA$1.45
The Oscar Senior Apartments2 Bedroom Market2BR,2BA$1.57
The ShieldA41BR,1BA$1.72
Madison Mayfair Apartments2 Bedroom2BR,1BA$1.60
3176 Ridgeway Ave, Unit #53176 Ridgeway Ave1BR,1BA$1.71
Ridgeview Heights ApartmentsLrg. 1BR/1BA1BR,1BA$1.78

Frequently Asked Questions about Sherman Terrace

What type of rentals are currently available in Sherman Terrace?

There are currently 543 Apartments for Rent in Sherman Terrace, WI with pricing that ranges from $565 to $7,277. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sherman Terrace ranging from $1,200 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 $1,200 to $6,150 with an average monthly rent of $2,447.

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 $742 to $6,430, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,150 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.

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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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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

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