Cheap Apartments for Rent in the Sherman Neighborhood of Madison, WI from $600 (87 Rentals)

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

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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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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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Garver Point
Rent Specials
$1,300 - $2,640
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $2,640
Total Monthly Price
$1,300 - $2,640
Studio to 2 Bedroom Apartments Available Now

Garver Point

171 S Fair OaksMadison, WI 53704
Family Friendly
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Nexus at Union Corners
$1,350 - $3,285
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $3,285
Total Monthly Price
$1,350 - $3,285
Studio to 3 Bedroom Apartments Available Now

Nexus at Union Corners

2521 East Washington AveMadison, WI 53704
Transit Friendly
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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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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 Now

PACKTENN

2024 Tennyson LnMadison, WI 53704
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21 Farwell St, Unit 1
$1,495
Total Monthly Price

Total Monthly Price

Base Rent
$1,495
Total Monthly Price
$1,495
2 Bedroom Apartment Available Jul 1

21 Farwell St, Unit 1

21 Farwell StMadison, WI 53704
  • Smoke Free

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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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 2 Beds unit found at Rise-Madison priced from $784. Madison Mayfair Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here are the most affordable Sherman apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Rise-Madison2 Bed / 2 Bath2BR,2BA$784
Madison Mayfair Apartments1 Bedroom1BR,1BA$999
The Victoria at Huxley Yards - A 55+ CommunityOne Bedroom - 50% AMI1BR,1BA$1,014
Londonderry LoftsSTUDIOStudio,1BA$1,045
Eagle Harbor1 Bedroom 1 Bathroom1BR,1BA$1,100
Elka Lane Apartments1BR/1BA1BR,1BA$1,100
Tennyson Heights Apartments1x1-6301BR,1BA$1,125
The Madisonian Senior ApartmentsOne Bedroom - One Bathroom1BR,1BA$1,129
The Oscar Family ApartmentsIncome Restricted - One Bedroom 50%1BR,1BA$1,131
The Oscar Senior ApartmentsIncome Restricted One Bedroom 50%1BR,1BA$1,149

Best Value Apartments for Rent in Sherman, WI

As of June 08, 2026 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 $1,471 with a $1.29 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$1.29
2566 Hoard St, Unit Downstairs apartment2566 Hoard St2BR,1BA$1.36
3401 Dawes St2bed1bath2BR,1BA$1.53
209 Kedzie St, Unit Apartment #2209 Kedzie St2BR,1BA$1.55
Ridgeview Heights2-Bedroom 1 Bath Newly Renovated Apartment - Pr...2BR,1BA$1.58
3737 E Karstens Dr, Unit #43737 E Karstens Dr2BR,1BA$1.59
Cambridge Place1BR1BR,1BA$1.47
Rise-Madison1 Bed / 1 Bath1BR,1BA$1.46
The Madisonian Senior ApartmentsOne Bedroom - One Bathroom1BR,1BA$1.61

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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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, Madison, WI

Ranked #36

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Sherman, Madison, WI

School data provided by Great Schools

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 $1,149.

What is the price of a cheap apartment in Sherman?

The cheapest apartment in Sherman is Madison Mayfair Apartments which is listed at $999, while the average apartment in Sherman costs $2,228.

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 404 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 $1,048 which is $1,180 cheaper than the average rent for all rentals in Sherman.

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.

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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.

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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.

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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.