The Duncan
1625 Lock Ln,
Madison, WI 53703
$1,778 - $5,144 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 February 2026, the average apartment rent in Sherman Terrace is $1,502 for a studio, $1,737 for one bedroom, $1,790 for two bedrooms, and $3,006 for three bedrooms. Apartment rent in Sherman Terrace has increased by 1.0% in the past year.
Studio
479 sq ft
Average Sq Ft
$1,502/month
Average Rent
1 BR
672 sq ft
Average Sq Ft
$1,737/month
Average Rent
2 BR
980 sq ft
Average Sq Ft
$1,790/month
Average Rent
3 BR
1,539 sq ft
Average Sq Ft
$3,006/month
Average Rent
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Biker's Paradise
out of 100 BikeScore® Rating
Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.
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† 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.