Cheap Homes for Rent in Sherman Terrace Neighborhood of Madison, WI from $1,100 (25 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 5 Sherman Ter

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

2 Bedroom, 1 Bath Condo for Rent

Available Now

5 Sherman Ter, Unit 4

5 Sherman Ter
MadisonWI53704

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.

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property at 23 Sherman Ter

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

2 Bedroom, 1 Bath Condo for Rent

Available Jul 1

23 Sherman Ter, Unit 5

23 Sherman Ter
MadisonWI53704
property at 213 S Broom St

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Total Monthly Price
$1,395

1 Bedroom, 1 Bath Condo for Rent

Available Now

213 S Broom St, Unit 3

213 S Broom St
MadisonWI53703

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 17 Sherman Ter

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

2 Bedroom, 1 Bath Condo for Rent

Available Aug 1

17 Sherman Ter, Unit 2

17 Sherman Ter
MadisonWI53704
Showing Results 1-25, Page 1 of 1

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. Rise-Madison has the second lowest priced unit, which is a 2 Beds apartment currently listed from $784. 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
Rise-Madison2 Bed / 2 Bath2BR,2BA$784
632 Howard Place632 Howard Place - 303Studio,1BA$895
126-128 S Franklin St1 BR1BR,1BA$929
502 E Main StEfficiencyStudio,1BA$999

Best Value Apartments for Rent in Sherman Terrace, WI

As of June 22, 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 Two-Bedroom Model at 22 N Hancock St starting at $1,650 with a $1.38 price per square foot in the The Isthmus 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
22 N Hancock StTwo-Bedroom2BR,1BA$1.38
1301 Ruskin St, Unit 11301 Ruskin St2BR,1BA$1.13
Chapter at Madison4BR/3BA - D14BR,3BA$0.81
149 Leon St, Unit 1149 Leon St2BR,1BA$1.41
Valor on WashingtonTwo Bedroom2BR,1BA$1.32
Varsity Campus Apartments4-Bedroom, 2-Bath4BR,2BA$1.18
24 S 2nd St, Unit #124 S 2nd St1BR,1BA$1.30
Rise-Madison1 Bed / 1 Bath1BR,1BA$1.46
The Conway at Huxley YardsOne Bedroom/One Bath "D"1BR,1BA$1.27

Frequently Asked Questions about Sherman Terrace

What type of rentals are currently available in Sherman Terrace?

There are currently 622 Apartments for Rent in Sherman Terrace, WI with pricing that ranges from $761 to $14,130. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sherman Terrace ranging from $1,100 to $3,200.

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 $1,100 to $3,200 with an average monthly rent of $1,953.

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 $1,055 to $14,130, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $2,795. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $938.

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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