
Cheap Apartments for Rent in the Sherman Neighborhood of Madison, WI from $500 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Sherman area of Madison.


Freedom Park

Londonderry Lofts

Rivers Edge Apartments

Madison Mayfair Apartments

301 N 5th St

Eagle Harbor Apartments

Hooker Avenue Apartments

3613 Kipling Dr

3762 Orin Rd

Elka Lane Apartments
Sherman, Madison, WI Local Guide

How much does it cost to rent an apartment in Sherman?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Sherman Studio Apartments | $1,404 | $950 | $1,705 |
Sherman 1 Bedroom Apartments | $1,703 | $565 | $2,425 |
Sherman 2 Bedroom Apartments | $2,113 | $1,050 | $3,450 |
Sherman 3 Bedroom Apartments | $2,359 | $1,300 | $3,560 |
Browse Apartments in this Neighborhood
There are currently 26 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 Freedom Park priced from $950. Madison Mayfair Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Sherman apartments for rent in Madison, WI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Freedom Park | 1 Bed/ 1 Bath | 1BR,1BA | $950 |
Madison Mayfair Apartments | 1 Bedroom | 1BR,1BA | $1,000 |
Eagle Harbor Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1,064 |
Enso Apartments | STUDIOS | Studio,1BA | $1,068 |
PMM + MS | 1 Bedroom | 1BR,1BA | $1,100 |
Elka Lane Apartments | 1BR/1BA | 1BR,1BA | $1,100 |
The Oscar Senior Apartments | 1 Bedroom Income Restricted 50% | 1BR,1BA | $1,129 |
PMM | 1 Bedroom 1 Bath-The Charley | 1BR,1BA | $1,150 |
Londonderry Lofts | Catwalk Loft | 1BR,1BA | $1,200 |
The Oscar Family Apartments | Income Restricted - Two Bedroom 50% | 2BR,2BA | $1,247 |
Best Value Apartments for Rent in Sherman, WI
As of April 13, 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 $1,320 with a $1.16 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 | $1.16 |
Eagle Harbor Apartments | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.26 |
Ridge Creek Apartments | 2x1028 | 2BR,1BA | $1.45 |
Granite Ridge Apartments | 2 BR + Den (1+) | 2BR,1BA | $1.49 |
Woodland Commons Madison | Style I7 - Loft | 1BR,1.5BA | $1.59 |
Fordem Towers | Lilac Large | 2BR,1.5BA | $1.66 |
Freedom Park | 1 Bed/ 1 Bath | 1BR,1BA | $1.19 |
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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Pet Friendly LifestyleSherman, Madison, WI
Ranked #28
Among neighborhoods in Madison, WI 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
Getting Around the Sherman Neighborhood in Madison, WI
Walk Score®
71 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
77 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
40 / 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 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 $1,247.
What is the price of a cheap apartment in Sherman?
The cheapest apartment in Sherman is Freedom Park which is listed at $950, while the average apartment in Sherman costs $2,250.
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 16 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 $195 which is $2,055 cheaper than the average rent for all rentals in Sherman.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.