
Cheap Apartments for Rent in the Sherman Village Neighborhood of Madison, WI from $700 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the Sherman Village area of Madison.


Port Vista

North Park Apartments

Total Monthly Price
Londonderry Lofts

3613 Kipling Dr

2411 Brentwood Pkwy

Hooker Avenue Apartments

Total Monthly Price
Northshore Estates
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.

Elka Lane Apartments

Woodland Commons Madison

Lake Pointe

2018 N Sherman Ave

Total Monthly Price
Granite Ridge Apartments

Tennyson Ridge

2401 Brentwood Pkwy, Unit 3

Northern Bluffs
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.

Total Monthly Price
3733 E Karstens Dr, Unit 3737 #2

Total Monthly Price
3737 E Karstens Dr, Unit #4

Total Monthly Price
PACKTENN

3722 W Karstens Dr

1606 Sheridan Dr

2413 Brentwood Pkwy, Unit 2

3906 Hanover St

Northpointe
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.

2405 Monterey Dr

Pine Ridge Apartments No Vacancies

2406 Calypso Rd

2502 Brentwood Pkwy

Tennyson Heights Apartments

PMM

Prism

2405 Calypso Rd
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.

2505 Calypso Rd

Harper Apartments

Essex Apartment Homes
Sherman Village, Madison, WI Local Guide

How much does it cost to rent an apartment in Sherman Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sherman Village Studio Apartments | $1,075 | $999 | $1,175 |
| Sherman Village 1 Bedroom Apartments | $1,330 | $1,100 | $1,550 |
| Sherman Village 2 Bedroom Apartments | $1,456 | $1,075 | $1,895 |
| Sherman Village 3 Bedroom Apartments | $1,662 | $1,425 | $2,300 |
Browse Apartments in this Neighborhood
There are currently 35 rentals with your search options within a 2 mile radius of the Sherman Village Neighborhood of Madison, WI.
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Sherman Village, Madison, WI Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Elka Lane Apartments | 1BR/1BA | 1BR,1BA | $1,100 |
| Tennyson Heights Apartments | 1x1-630 | 1BR,1BA | $1,125 |
| PMM + MS Communities Located Near Warner Park | 1 Bed 2505 Monterey | 1BR,1BA | $1,150 |
| Lake Pointe | 1 Bedroom 1 bath Loft | 1BR,1BA | $1,385 |
| Harper Apartments | 2 bedroom 1 bathroom | 2BR,1BA | $1,400 |
| Woodland Commons Madison | Style I6 - Loft | 1BR,1BA | $1,450 |
| Northern Bluffs | Sandstone | 3BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Northern Bluffs | Sandstone | 3BR,1BA | $1.29 |
| 3737 E Karstens Dr, Unit #4 | 3737 E Karstens Dr | 2BR,1BA | $1.59 |
| Woodland Commons Madison | Style I6 - Loft | 1BR,1.5BA | $1.73 |
| Lake Pointe | 1 Bedroom 1 bath Loft | 1BR,1BA | $1.77 |
| PMM + MS Communities Located Near Warner Park | 1401 Trailsway | 2BR,1BA | $2.30 |
| Elka Lane Apartments | 1BR/1BA | 1BR,1BA | $1.64 |
| Tennyson Heights Apartments | 1x1-630 | 1BR,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.
Read ArticleDon'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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleSherman Village, Madison, WI
Ranked #70
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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

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.

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.

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

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.

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.

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.

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.