Cheap Apartments for Rent in the Sherman Neighborhood of Madison, WI from $600 (29 Rentals)

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

property at 1617 Troy Dr

1617 Troy Dr

MadisonWI53704

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Algoma Apartments
Studio to 2 Bedroom Apartments

Algoma Apartments

404 Algoma StMadison, WI 53704
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Tennyson Ridge
2 Bedroom Apartments

Tennyson Ridge

3834 Whitman LnMadison, WI 53704
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Northpointe
2 Bedroom Apartments

Northpointe

609 Vera CtMadison, WI 53704
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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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Onsgard Place
2 Bedroom Apartments

Onsgard Place

1713-1721 Onsgard RdMadison, WI 53704
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Eastpointe
3 Bedroom Apartments

Eastpointe

309 Clyde Gallagher AveMadison, WI 53714
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2405 Monterey Dr
2 Bedroom Apartments

2405 Monterey Dr

2405 Monterey DrMadison, WI 53704
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Fair Oaks Apartments
Studio Apartments

Fair Oaks Apartments

3324 Milwaukee StMadison, WI 53714
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The André Apartments
1 to 3 Bedroom Apartments

The André Apartments

2350 Winnebago StMadison, WI 53704
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Port Vista
Studio Apartments

Port Vista

3602-3702 Packers AveMadison, WI 53704
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Enso Apartments
Studio Apartments

Enso Apartments

715 Rethke AveMadison, WI 53714
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Prism
1 to 2 Bedroom Apartments

Prism

2838 Dryden DrMadison, WI 53704
  • Utilities Included

Sherman, Madison, WI Local Guide

Cheapest Available Sherman Apartments for Rent

 

The cheapest available apartment rental in the Sherman area of Madison, WI is a 1 Bed unit found at Freedom Park priced from $950. Madison Mayfair Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Sherman apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Freedom Park1 Bed/ 1 Bath1BR,1BA$950
Madison Mayfair Apartments1 Bedroom1BR,1BA$1,000
Ridgeview Heights ApartmentsLrg. 1BR/1BA1BR,1BA$1,040
Eagle Harbor2 Bedroom 2 Bathroom2BR,2BA$1,064
Hooker Avenue ApartmentsStudioStudio,1BA$1,075
The Oscar Family ApartmentsIncome Restricted - One Bedroom 50%1BR,1BA$1,133
PMM1 Bedroom 1 Bath-The Charley1BR,1BA$1,150
Londonderry LoftsLarge Loft1BR,1BA$1,200
Northern BluffsSandstone3BR,1BA$1,210
Briarwood ApartmentsOne Bedroom1BR,1BA$1,250

Best Value Apartments for Rent in Sherman, WI

As of July 31, 2025 the best value apartment in the Sherman 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 apartment is the Sandstone Model at Northern Bluffs starting at $1,210 with a $1.06 price per square foot in the Berkeley Oaks neighborhood. Here is today’s list of the best values for Sherman apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Carbon at Union Corners3x2 Income restricted3BR,2BA$1.41
Northern BluffsSandstone3BR,1BA$1.06
Eagle Harbor3 Bedroom 2 Bathroom3BR,2BA$1.26
Ridge Creek Apartments2x10282BR,1BA$1.41
Freedom Park2 bed/1 bath2BR,1BA$1.40
PMM + MS2 Bedroom2BR,1BA$1.45
The Oscar Senior Apartments2 Bedroom Market2BR,2BA$1.56
Granite Ridge Apartments2 BR 880 SF2BR,1BA$1.68
3733 E Karstens Dr, Unit 3721 #13733 E Karstens Dr2BR,1BA$1.47
Madison Mayfair Apartments2 Bedroom2BR,1BA$1.60

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Pet Friendly Lifestyle
Sherman, Madison, WI

Ranked #35

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Sherman Neighborhood in Madison, WI

Walk Score®

71 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

77 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

40 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Sherman Apartments

What is a cheap apartment in Sherman?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Sherman is under $1,250.

What is the price of a cheap apartment in Sherman?

The cheapest apartment in Sherman is Freedom Park which is listed at $950, while the average apartment in Sherman costs $1,800.

What types of apartments are the cheapest in Sherman?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 17 regular apartments in Sherman that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Sherman?

Cheap apartments in Sherman have an average cost of $196 which is $1,604 cheaper than the average rent for all rentals in Sherman.

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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.