2 Days Ago
Location
123 S Lakewood Gardens Ln #123, Madison, WI 53704, USA|Sherman Terrace
Tour 123 S Lakewood Gardens Ln #123
Contact
Gabe Kruse
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Property Overview
I’m missing the actual details for the Pros, Great for, and Notable Features sections. If you share those three sets of findings, I can turn them into a concise 2–3 sentence summary under 100 words.
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
Images Available
Great for
Pet owners
Social life
Amenities for 123 S Lakewood Gardens Ln #123, Sherman Terrace
Features
| Air Conditioning | Hardwood Floor |
Appliances
| Dishwasher | In-Unit Laundry |
Community
| Cats OK |
Grounds
| Assigned Parking | Outdoor Space |
| Storage |
Services
| On-Site Management |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Dog Policy
Not allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 123 S Lakewood Gardens Ln #123
A rare chance to live in a quiet condo neighborhood just 2 miles from UW-Madison! Newly renovated in 2024 with all new appliances, new basement washer and dryer, all new bathrooms and cabinetry. A tiny backyard patio with tree privacy, and snow removal and lawn care all taken care of by the HOA. Both bedrooms are on the second floor, along with a full bath and lots of closet space. The other half-bath is off the kitchen. Basement is unfinished but wide open for use with plenty of storage space. No AC. Tons of amenities nearby with Tenney park, East Washington venues and shopping, quick access to the north side and highway, and good bus routes with stops right out front. Free parking included with the rent, only utilities are separate. Date Available: Aug 10th 2026. $2,000/month rent. $1,000 security deposit required. Please contact Gabe Kruse at 608-345-8439 to learn more. If interested in applying, please apply online at dockenmanagement com
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 123 S Lakewood Gardens Ln #123 compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
Address details
| Neighborhood | Sherman Terrace |
|---|---|
| Zip code | 53704 |
| Type | Condo for rent |
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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 Jun 20 2026.
Sherman Terrace
Madison
| Month | Median Rent |
|---|---|
| July 2024 | $1,978 |
| August 2024 | $1,877 |
| September 2024 | $1,818 |
| 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 | $1,856 |
| Month | Median Rent |
|---|---|
| August 2024 | $1,700 |
| August 2025 | $1,550 |
| September 2025 | $1,550 |
| October 2025 | $1,550 |
Affordability calculator
Can I afford to live at 123 S Lakewood Gardens Ln #123?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$80,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $80,000 annually to afford this 2-bedrooms monthly rent price of $2,000.
For more information on rent affordability, visit our rent calculator.
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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Internet available near 123 S Lakewood Gardens Ln #123
Neighborhood
Sherman Terrace | Madison, WI
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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