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Updated 5+ Days Ago

Highlights

  • Snow removal
  • All new appliances
  • Newly renovated
  • Free parking included
  • Quiet condo neighborhood
  • All new bathrooms and cabinetry

Location

123 S Lakewood Gardens Ln #123, Madison, WI 53704, USA|Sherman Terrace

Property Overview

Recently renovated and well maintained, this condo offers new appliances, new bathrooms and cabinetry, free parking, snow removal, and a quiet neighborhood setting. It also stands out with strong photo coverage, above-average value per square foot, and a location that supports an active lifestyle with walkable nearby areas, entertainment options, and pet-friendly amenities.

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

  • Middle school nearby
  • More space
  • High school nearby

Great for

  • Social life
  • Pet owners

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2 Beds

$1,795

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2 Beds

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2 Beds

$2,195

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Downtown Madison • 416 N Carroll St

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$1,805–$2,285

Rent trends in Sherman Terrace

2-bedroom apartments at 123 S Lakewood Gardens Ln #123 cost about 29% more than the average rent price for 2-bedroom apartments in Madison.

Median rents as of Sep 12 2026.
Sherman Terrace
Madison
A table of 2-bedroom apartment rental data trends in Madison
MonthMedian Rent
September 2024$1,810
October 2024$1,859
November 2024$1,916
December 2024$1,951
January 2025$1,879
February 2025$2,002
March 2025$1,954
April 2025$1,949
May 2025$1,919
June 2025$1,968
July 2025$1,907
August 2025$1,780
September 2025$1,789
October 2025$1,884
November 2025$1,819
December 2025$1,834
January 2026$1,878
February 2026$1,909
March 2026$1,906
April 2026$1,912
May 2026$1,849
June 2026$1,855
July 2026$1,867
August 2026$1,871
September 2026$1,918
A table of 2-bedroom apartment rental data trends in Sherman Terrace
MonthMedian Rent
August 2025$1,550
September 2025$1,550
October 2025$1,550

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 123 S Lakewood Gardens Ln, Madison, WI.
2 months ago$2,000

Schools near 123 S Lakewood Gardens Ln #123

Emerson Elementary School

2421 e johnson st

madison, WI, 53704

PK, K-5Public
B

4K PK Off Site

545 w dayton st

madison, WI, 53703

PKPublic

Mendota Mental Health Institution

301 troy dr

madison, WI, 53704

PK, K-12Public

Forest Edge Elementary School

4848 brassica rd

fitchburg, WI, 53711

PK, K-6Public
A-

Granite Ridge School

4500 buss rd

cottage grove, WI, 53527

3-5Public
B
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Neighborhood

Sherman Terrace | Madison, WI

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Madison near 123 S Lakewood Gardens Ln #123

Walking

5/10
Some shops and stores are within a few minutes.

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 123 S Lakewood Gardens Ln #123, Madison

Groceries

6/10
Variety of groceries within a short drive

Shopping

5/10
Variety of shops within a short drive

Cafes

6/10
Variety of cafés within a short drive

Restaurants

7/10
Wide variety of restaurants within a short drive, including some within walking distance

Primary schools

4/10
At least one elementary school within a 30-minute walk

High schools

4/10
At least one high school within a 20-minute walk

Parks

8/10
Very large amount of park space within a few minutes' walk

Nightlife

8/10
Wide variety of bars within a few minutes' walk

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