Cheap Homes for Rent in Sherman Terrace Neighborhood of Madison, WI from $1,000 (17 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

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 121 E Gorham St

121 E Gorham St

MadisonWI53703
property at 129 E Gorham St

129 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.

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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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property at 137 E Gorham St

137 E Gorham St

MadisonWI53703
Showing Results 1-17, 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 Hellenbrand Apartments priced from $705. 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
Hellenbrand ApartmentsStudio--111 S BassettStudio,1BA$705
632 Howard Place632 Howard Place - 304Studio,1BA$895
Gargano Propertiesone1BR,1BA$900
Hooker Avenue ApartmentsStudioStudio,1BA$975
106 S Hancock StStudioStudio,1BA$990

Best Value Apartments for Rent in Sherman Terrace, WI

As of October 26, 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 520 E Johnson St Model at 520 E Johnson St, Unit 1 starting at $1,850 with a $1.48 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.
Carbon at Union Corners3x2 Income restricted3BR,2BA$1.41
520 E Johnson St, Unit 1520 E Johnson St2BR,1BA$1.48
Pres House ApartmentsBedroom (Shared)4BR,2BA$1.37
Collegiate Campus Student ApartmentsApartments Available Now4BR,2BA$0.68
Gargano Propertiesone1BR,1BA$0.88
229 Lakelawn *Student Housing*4 Bedroom 26-27 School Year / Room4BR,3BA$1.18
3388 E Washington Ave, Unit #23388 E Washington Ave2BR,1BA$1.44
The Oscar Senior ApartmentsIncome Restricted Two Bedroom 50%2BR,2BA$1.45
345 W Doty St, Unit 2345 W Doty St2BR,1BA$0.78
209 Kedzie St, Unit Apartment #2209 Kedzie St2BR,1BA$1.53

Frequently Asked Questions about Sherman Terrace

What type of rentals are currently available in Sherman Terrace?

There are currently 584 Apartments for Rent in Sherman Terrace, WI with pricing that ranges from $750 to $8,900. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sherman Terrace ranging from $1,095 to $6,949.

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 $1,095 to $6,949 with an average monthly rent of $3,060.

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 $1,012 to $6,450, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,550 to $3,750. Four Bedroom Single-Family rentals are also available starting from $2,970 and Four Bedroom Apartments start at $1,080.

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 Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.