Cheap Apartments for Rent in the Sherman Village Neighborhood of Madison, WI from $700 (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Sherman Village 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.

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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PACKTENN
$1,395 - $1,475
Total Monthly Price

Total Monthly Price

Base Rent
$1,395 - $1,475

Total Monthly Price
$1,395 - $1,475
1 Bedroom Apartments Available Sep 1

PACKTENN

2024 Tennyson LnMadison, WI 53704
Pet Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 1606 Sheridan Dr

$2,295

Total Monthly Price

Total Monthly Price

Base Rent
$2,295

Total Monthly Price
$2,295

3 Bedroom, 1 Bath Home for Rent

Available Jul 1

1606 Sheridan Dr

MadisonWI53704
property at 3906 Hanover St

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500

Total Monthly Price
$2,500

4 Bedroom, 2 Bath Home for Rent

Available Jul 1

3906 Hanover St

MadisonWI53704
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Northpointe
2 to 3 Bedroom Apartments

Northpointe

609 Vera CtMadison, WI 53704
  • Utilities Included

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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2405 Monterey Dr
1 to 2 Bedroom Apartments

2405 Monterey Dr

2405 Monterey DrMadison, WI 53704
  • Utilities Included
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2406 Calypso Rd
2 to 3 Bedroom Apartments

2406 Calypso Rd

2406 Calypso RdMadison, WI 53704
  • Utilities Included
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2502 Brentwood Pkwy
1 to 3 Bedroom Apartments

2502 Brentwood Pkwy

2502 Brentwood PkyMadison, WI 53704
  • Utilities Included
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PMM
1 to 2 Bedroom Apartments

PMM

1509 TrailswayMadison, WI 53704
  • Utilities Included
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Prism
1 to 2 Bedroom Apartments

Prism

2838 Dryden DrMadison, WI 53704
  • Utilities Included

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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2505 Calypso Rd
2 Bedroom Apartments

2505 Calypso Rd

2505 Calypso RdMadison, WI 53704
  • Utilities Included
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Harper Apartments
Studio to 2 Bedroom Apartments

Harper Apartments

405 Troy DrMadison, WI 53704
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Essex Apartment Homes
1 to 2 Bedroom Apartments

Essex Apartment Homes

5469-5471 Westshire CirWaunakee, WI 53597
Senior Living
  • Utilities Included

Sherman Village, Madison, WI Local Guide

Cheapest Available Sherman Village Apartments for Rent

 

The cheapest available apartment rental in the Sherman Village area of Madison, WI is a 1 Bed unit found at Elka Lane Apartments priced from $1,100. Tennyson Heights Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,125. Here are the most affordable Sherman Village apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Elka Lane Apartments1BR/1BA1BR,1BA$1,100
Tennyson Heights Apartments1x1-6301BR,1BA$1,125
PMM + MS Communities Located Near Warner Park1 Bed 2505 Monterey1BR,1BA$1,150
Lake Pointe1 Bedroom 1 bath Loft1BR,1BA$1,385
Harper Apartments2 bedroom 1 bathroom2BR,1BA$1,400
Woodland Commons MadisonStyle I6 - Loft1BR,1BA$1,450
Northern BluffsSandstone3BR,1BA$1,471

Best Value Apartments for Rent in Sherman Village, WI

As of June 08, 2026 the best value apartment in the Sherman Village area is the $1.29 price per square foot Sandstone Model at Northern Bluffs in the in the Berkeley Oaks neighborhood starting from $1,471. The second greatest value Sherman Village apartment is the 3737 E Karstens Dr Model at 3737 E Karstens Dr, Unit #4 starting at $1,350 with a $1.59 price per square foot in the Eken Park neighborhood. Here is today’s list of the best values for Sherman Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Northern BluffsSandstone3BR,1BA$1.29
3737 E Karstens Dr, Unit #43737 E Karstens Dr2BR,1BA$1.59
Woodland Commons MadisonStyle I6 - Loft1BR,1.5BA$1.73
Lake Pointe1 Bedroom 1 bath Loft1BR,1BA$1.77
PMM + MS Communities Located Near Warner Park1401 Trailsway2BR,1BA$2.30
Elka Lane Apartments1BR/1BA1BR,1BA$1.64
Tennyson Heights Apartments1x1-6301BR,1BA$1.79

Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI

Discover the best student housing neighborhoods for renting in Madison, Wisconsin! This guide covers apartments near the University of Wisconsin-Madison, Edgewood University, Herzing University, and Madison Area Technical College, detailing locations like Regent, Shorewood Hills, Dudgeon-Monroe, and more for your perfect college home.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Sherman Village, Madison, WI

Ranked #70

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Sherman Village Apartments

How much is rent for a Cheap One Bedroom Sherman Village Apartment?

The lowest price for a Cheap One Bedroom Sherman Village Apartment is $1,100 at Elka Lane Apartments.

What is the lowest price for a Cheap Two Bedroom Sherman Village Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Sherman Village is starting from $1,400 at Harper Apartments.

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.

Helpful Local Expert Guides

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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 Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI article

Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI

Written by: Mike Heuer

I am Mike, your guide to student housing in the Greater Madison, Wisconsin, area. Madison is a terrific city that also is the Capital of Wisconsin.

decorative image for An Insiders Guide to 6 Reasons Why Locals Love Renting in Madison, Wisconsin   article

An Insiders Guide to 6 Reasons Why Locals Love Renting in Madison, Wisconsin

Written by: Mike Heuer

Madison is Wisconsin’s capital city and its second-largest city, with a population of more than 260,000.

Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.