Cheap Homes for Rent in Sherman Terrace Neighborhood of Madison, WI from $1,000 (10 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

$1,050 - $2,895

Studio To 4 Bedroom Rentals

Available Aug 15

125 E Gorham St

MadisonWI53703

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Showing Results 1-10, 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 Studio unit found at 106 S Hancock St priced from $890. 632 Howard Place has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Sherman Terrace apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
106 S Hancock StStudioStudio,1BA$890
632 Howard Place632 Howard Place - 304Studio,1BA$895
Gargano Propertiesone1BR,1BA$900

Best Value Apartments for Rent in Sherman Terrace, WI

As of January 26, 2026 the best value apartment in the Sherman Terrace area is the $1.25 price per square foot 17 N Bassett St Model at 17 N Bassett St, Unit 2 in the in the The Isthmus neighborhood starting from $2,360. The second greatest value Sherman Terrace apartment is the 110 S Blair St Model at 110 S Blair St, Unit 2 starting at $1,600 with a $1.19 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.
17 N Bassett St, Unit 217 N Bassett St4BR,2BA$1.25
110 S Blair St, Unit 2110 S Blair St3BR,1BA$1.19
The Oscar Family ApartmentsIncome Restricted - Three Bed Townhome 50%3BR,2BA$1.20
22 N Hancock StTwo-Bedroom2BR,1BA$1.33
Gargano Propertiesone1BR,1BA$0.88
229 Lakelawn *Student Housing*4 Bedroom 26-27 School Year / Room4BR,3BA$1.18
450 W Washington Ave, Unit 3450 W Washington Ave1BR,1BA$1.20
Collegiate Campus Apartments3 Bedroom 2 Bath Lake Views (7th/8th Floor)3BR,2BA$0.74
451 W Mifflin St, Unit 3451 W Mifflin St2BR,1BA$1.27
Varsity Campus Apartments4-Bedroom, 2-Bath4BR,2BA$1.18

Frequently Asked Questions about Sherman Terrace

What type of rentals are currently available in Sherman Terrace?

There are currently 609 Apartments for Rent in Sherman Terrace, WI with pricing that ranges from $675 to $9,500. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sherman Terrace ranging from $1,050 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 $1,050 to $6,150 with an average monthly rent of $2,381.

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 $675 to $6,450, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,609 to $2,745. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $675.

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.

Articles, How-To's, and Tips

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Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison

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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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Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.