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 May 2026, the average apartment rent in Sherman Terrace is $1,496 for a studio, $1,639 for one bedroom, $1,810 for two bedrooms, and $3,027 for three bedrooms. Apartment rent in Sherman Terrace has decreased by -5.0% in the past year.
Studio
479 sq ft
Average Sq Ft
$1,496/month
Average Rent
1 BR
672 sq ft
Average Sq Ft
$1,639/month
Average Rent
2 BR
980 sq ft
Average Sq Ft
$1,810/month
Average Rent
3 BR
1,539 sq ft
Average Sq Ft
$3,027/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
Essentials are more spread out in Sherman Terrace - Madison, WI, so everyday errands require more planning.
Supermarket Within a 30 Minute Walk
Groceries
Fair Restaurant Variety Nearby
Restaurants
Limited Café Variety Nearby
Cafes
Limited Variety of Shops Nearby
Shopping
Sherman Terrace - Madison, WI provides green space and wellness resources in certain areas.
Exceptional Amount of Park Space Nearby
Parks
Fair Wellness Amenity Variety Nearby
Wellness
Get a sense of what it’s like to live in Sherman Terrace - Madison, WI from everyday activity to noise and nightlife.
Mostly Calm Atmosphere
Vibrancy
Fair Nightlife Variety Nearby
Nightlife
Somewhat Noisy
Quiet Score
3,517
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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.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.