The Duncan
1625 Lock Ln,
Madison, WI 53703
$1,555 - $4,944 Total Monthly Price
Studio - 3 Beds
Sherman Terrace is located on the northeast side of the stretch of land that connects Madison's east and west sides. Sherman Terrace is known for its quiet streets, small parks, and secluded apartment complexes and condominium communities, which isn’t to say the area is in short supply of great food and entertainment options. There are plenty of dining options along U.S. Highway 151 and Fordem Avenue.
Sherman Terrace can be reached via a short, two-mile trip from downtown. The western part of the neighborhood borders Lake Mendota and is just a one hour and 20 minutes car ride from the city of Milwaukee, located to the southeast.
As of March 2026, the average apartment rent in Sherman Terrace is $1,499 for a studio, $1,753 for one bedroom, $1,809 for two bedrooms, and $3,021 for three bedrooms. Apartment rent in Sherman Terrace has increased by 2.0% in the past year.
Studio
479 sq ft
Average Sq Ft
$1,499/month
Average Rent
1 BR
672 sq ft
Average Sq Ft
$1,753/month
Average Rent
2 BR
980 sq ft
Average Sq Ft
$1,809/month
Average Rent
3 BR
1,539 sq ft
Average Sq Ft
$3,021/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Sherman Terrace - Madison, WI is for everyday living.
Fairly walkable
Walkability
Some public transit
Transit
Very drivable
Drivability
Very bikeable
Bikeability
3,480
Communities
955,114
Units
894
Cities
722
Communities
199,761
Units
340
Cities
638
Communities
177,619
Units
252
Cities
625
Communities
125,009
Units
245
Cities
572
Communities
128,264
Units
224
Cities
458
Communities
108,594
Units
229
Cities
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.