
Cheap Homes for Rent in Sherman Neighborhood of Madison, WI from $1,100 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Sherman area of Madison.


9 Sherman Ter, Unit 2
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.

2 Sherman Terrace

115 Lakewood Gardens Ln

249 Bunting Ln
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.

1838 Spohn Ave

31 Sherman Ter, Unit 6

2035 E Dayton St

3162 Daley Dr
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.
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 | $1,712 | $1,100 | $2,800 |
| Sherman 3 Bedroom Homes for Rent | $2,143 | $1,550 | $3,750 |
| Sherman 4 Bedroom Homes for Rent | $6,150 | $6,150 | $6,150 |
Browse Homes for Rent in this Neighborhood
There are currently 15 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 Studio unit found at Hooker Avenue Apartments priced from $975. Eagle Harbor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $991. Here are the most affordable Sherman apartments for rent in Madison, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hooker Avenue Apartments | Studio | Studio,1BA | $975 |
| Eagle Harbor | 1 Bedroom 1 Bathroom | 1BR,1BA | $991 |
| Madison Mayfair Apartments | 1 Bedroom | 1BR,1BA | $1,000 |
| Londonderry Lofts | STUDIO | Studio,1BA | $1,045 |
| Freedom Park | 1 Bed/ 1 Bath | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Sherman, WI
As of November 02, 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 Amber Model at Northern Bluffs starting at $1,269 with a $1.22 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 | Amber | 2BR,1BA | $1.22 |
| 3388 E Washington Ave, Unit #2 | 3388 E Washington Ave | 2BR,1BA | $1.44 |
| Madison Mayfair Apartments | Remodeled 3 Bedroom | 3BR,1BA | $1.68 |
| 2069 Winnebago St, Unit 2069 A | 2069 Winnebago St | 2BR,1BA | $1.61 |
| Freedom Park | 1 bed/1 bath + Den | 1BR,1BA | $1.38 |
| 402 Luster Ave, Unit Apt. #2 | 402 Luster Ave | 1BR,1BA | $1.25 |
| Rise-Madison | 1 Bed / 1 Bath | 1BR,1BA | $1.55 |
| Eagle Harbor | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.50 |
| Hooker Avenue Apartments | Studio | Studio ,1BA | $1.63 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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
School data provided by Great Schools
Frequently Asked Questions about Sherman
What type of rentals are currently available in Sherman?
There are currently 167 Apartments for Rent in Sherman, WI with pricing that ranges from $975 to $3,560. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sherman ranging from $1,100 to $6,150.
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 $1,100 to $6,150 with an average monthly rent of $2,913.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.




