Cheap Apartments for Rent in the Sherman Terrace Neighborhood of Madison, WI from $400 (186 Rentals)

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

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Sherman Terrace, Madison, WI Local Guide

Cheapest Available Sherman Terrace Apartments for Rent

 

The cheapest available apartment rental in the Sherman Terrace area of Madison, WI is a 3 Beds unit found at Hub on Campus Madison priced from $730. The Shield has the second lowest priced unit, which is a 1 Bed apartment currently listed from $791. Here are the most affordable Sherman Terrace apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Hub on Campus Madison3X5D33BR,3BA$730
The ShieldA11BR,1BA$791
Hellenbrand ApartmentsStudio--111 S BassettStudio,1BA$850
Gargano Propertiesone1BR,1BA$1,000
Madison Mayfair Apartments1 Bedroom1BR,1BA$1,000
Greenspire Wilson Apartments0BR/1.0BAStudio,1BA$1,025
Courtyard Apartments, LLC.0BR/1.0BAStudio,1BA$1,030
Enso ApartmentsSTUDIOSStudio,1BA$1,068
The Badger Den on GilmanVilasStudio,1BA$1,069
Williamson PlaceSTUDIOStudio,1BA$1,075

Best Value Apartments for Rent in Sherman Terrace, WI

As of March 29, 2025 the best value apartment in the Sherman Terrace area is the $1.06 price per square foot 855 E Gorham St Model at 855 E Gorham St, Unit 855 in the in the The Isthmus neighborhood starting from $2,550. The second greatest value Sherman Terrace apartment is the 3x2 Income restricted Model at Carbon at Union Corners starting at $1,811 with a $1.41 price per square foot in the Near East Side neighborhood. Here is today’s list of the best values for Sherman Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
855 E Gorham St, Unit 855855 E Gorham St4BR,2BA$1.06
Carbon at Union Corners3x2 Income restricted3BR,2BA$1.41
Pres House ApartmentsBedroom (Shared)4BR,2BA$1.33
Valor on WashingtonTwo Bedroom2BR,1BA$1.25
Nichols Station ApartmentsOne Bedrooms1BR,1BA$1.70
The ShieldA41BR,1BA$1.72
Gargano Propertiesone1BR,1BA$1.33
636 State St, Unit 205636 State St1BR,1BA$1.57
The Oscar Senior Apartments1 Bedroom Income Restricted 50%1BR,1BA$1.69
Madison Mayfair Apartments1 Bedroom1BR,1BA$1.54

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Madison. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Getting Around the Sherman Terrace Neighborhood in Madison, WI

Walk Score®

59 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

92 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

44 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Sherman Terrace Apartments

What is a cheap apartment in Sherman Terrace?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Sherman Terrace is under $1,075.

What is the price of a cheap apartment in Sherman Terrace?

The cheapest apartment in Sherman Terrace is The Shield which is listed at $791, while the average apartment in Sherman Terrace costs $2,540.

What types of apartments are the cheapest in Sherman Terrace?

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 172 regular apartments in Sherman Terrace 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 Terrace?

Cheap apartments in Sherman Terrace have an average cost of $619 which is $1,921 cheaper than the average rent for all rentals in Sherman Terrace.

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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