Cheap Homes for Rent in Sherman Neighborhood of Madison, WI from $1,200 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Sherman area of Madison.

3541 Graceland Ave, Unit A
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.

1975 E Washington Ave

2624 Union St
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.

2549 Upham St
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 | $1,669 | $1,400 | $1,950 |
Sherman 3 Bedroom Homes for Rent | $2,227 | $1,925 | $2,595 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 The Oscar Senior Apartments priced from $678. Freedom Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Sherman apartments for rent in Madison, WI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Oscar Senior Apartments | 1 Bedroom Income Restricted | 1BR,1BA | $678 |
Freedom Park | 1 Bed/ 1 Bath | 1BR,1BA | $950 |
Madison Mayfair Apartments | 1 Bedroom | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Sherman, WI
As of June 16, 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 $1,338 with a $1.17 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 at Union Corners | 3x2 Income restricted | 3BR,2BA | $1.41 |
Northern Bluffs | Sandstone | 3BR,1BA | $1.17 |
Eagle Harbor Apartments | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.26 |
Ridge Creek Apartments | 2x1028 | 2BR,1BA | $1.41 |
Freedom Park | 2 bed/1 bath | 2BR,1BA | $1.40 |
The Oscar Senior Apartments | 2 Bedroom Market | 2BR,2BA | $1.57 |
3733 E Karstens Dr, Unit 3725 #1 | 3733 E Karstens Dr | 2BR,1BA | $1.47 |
McCormick Commons | Upper Unit | 1BR,1BA | $1.59 |
Elka Lane Apartments | 1BR/1BA | 1BR,1BA | $1.64 |
Madison Mayfair Apartments | 1 Bedroom | 1BR,1BA | $1.54 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Sherman
What type of rentals are currently available in Sherman?
There are currently 163 Apartments for Rent in Sherman, WI with pricing that ranges from $565 to $3,560. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sherman ranging from $1,250 to $2,595.
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 $1,250 to $2,595 with an average monthly rent of $1,731.
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.

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.

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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.