
Cheap Homes for Rent in the Sherman Neighborhood of Madison, WI from $1,200 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Sherman area of Madison.


3541 Graceland Ave, Unit A

217 N 6th St
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3572 Hargrove St, Unit 105

24 Sherman Ter, Unit 6

76 N Lakewood Gardens Ln, Unit 76
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Sherman, Madison, WI Local Guide

How much does it cost to rent a home in Sherman?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sherman 2 Bedroom Homes for Rent | $1,721 | $1,495 | $1,995 |
| Sherman 3 Bedroom Homes for Rent | $2,620 | $2,050 | $3,500 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Sherman Neighborhood of Madison, WI.
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Sherman, Madison, WI Local Guide
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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 Marina Park Apartments priced from $950. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Marina Park Apartments | 10 Sherman Terr | 1BR,1BA | $950 |
| Madison Mayfair Apartments | 1 Bedroom | 1BR,1BA | $999 |
| Port Vista | Studio | Studio,1BA | $999 |
Best Value Apartments for Rent in Sherman, WI
As of September 07, 2026 the best value apartment in the Sherman area is the $1.56 price per square foot 2/2 - 60% Model at Carbon in the in the Near East Side neighborhood starting from $1,685. The second greatest value Sherman apartment is the 2 Bedroom Model at Northern Bluffs starting at $1,299 with a $1.25 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Carbon | 2/2 - 60% | 2BR,2BA | $1.56 |
| Northern Bluffs | 2 Bedroom | 2BR,1BA | $1.25 |
| 209 Kedzie St, Unit Apartment #2 | 209 Kedzie St | 2BR,1BA | $1.53 |
| 2069 Winnebago St, Unit 2069 A | 2069 Winnebago St | 2BR,1BA | $1.61 |
| Ridgeview Heights | 2 Bedroom 1 Bath - Renovated | 2BR,1BA | $1.58 |
| 2005 Browning Rd, Unit Browning | 2005 Browning Rd | 2BR,1BA | $1.30 |
| Cambridge Place | 1BR | 1BR,1BA | $1.34 |
| Freedom Park Apartments | 1722 - 1 Bed / 1 Bath | 1BR,1BA | $1.56 |
| Rise-Madison | 1 Bed / 1 Bath | 1BR,1BA | $1.46 |
| McCormick Commons | 1 Bedroom - Lower | 1BR,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.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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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, Madison, WI
Ranked #35
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Sherman, Madison, WI
Lake View Elementary School
School data provided by Great Schools
Frequently Asked Questions about Sherman
What type of rentals are currently available in Sherman?
There are currently 178 Apartments for Rent in Sherman, WI with pricing that ranges from $771 to $4,950. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sherman ranging from $1,200 to $3,500.
What is the current price range for Rental Homes in Sherman?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Sherman ranges from $1,200 to $3,500 with an average monthly rent of $2,056.
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

Finding Your Place in Madison: Neighborhoods Close to the City's Biggest Jobs
Written by: Mike Heuer
Madison, Wisconsin, is three communities in one. It is a college town that is home to the flagship university in the University of Wisconsin system.

An Insider's 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.

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.

The Expert's 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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.