5+ Days Ago
Highlights
- Peaceful community
- Shared laundry
- Updated kitchen
- City conveniences
- Lvp flooring
Location
2 Sherman Ter #1, Madison, WI 53704, USA|Sherman Terrace
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Property Overview
Situated in a peaceful community, this property offers an updated kitchen, LVP flooring, and shared laundry facilities, all within reach of city conveniences. Diverse age groups contribute to a lively social scene, complemented by 22 theaters, music venues, and numerous mixed-use spaces. Additionally, a well-rated middle school is conveniently located just under a mile away.
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
Great for
Social life
Amenities for 2 Sherman Ter #1, Sherman Terrace
Building
| Onsite Laundry | Six Units in Building |
Grounds
| 2 Parking Spaces | Storage |
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
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About 2 Sherman Ter #1
Property Status: Active Welcome to this updated Isthmus condo in the heart of Sherman Terrace—just minutes from downtown Madison, UW campus, & Tenney Park! Thoughtful updates throughout: a refreshed kitchen, appliances (Fridge 2025), mechanicals, windows, & LVP flooring (2022), plus fresh paint and a new screen door (2025).Enjoy private front & back entries, a small green space in back, & 2+ outdoor parking spots. Storage unit & shared laundry are easily accessed just behind the building. This friendly condo community is surrounded by mature trees & green space—ideal for anyone seeking peace & quiet close to the Capitol, Lake Mendota, & city conveniences. Office Phone: (608) 256-9011 Copyright © 2026 South Central Wisconsin MLS Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 2 Sherman Ter #1 compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 1 mile away
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 2 Sherman Ter #1 cost about 3% less than the average rent price for 2-bedroom apartments in Madison.
Median rents as of Jan 17 2026.
Sherman Terrace
Madison
| Month | Median Rent |
|---|---|
| February 2024 | $1,825 |
| March 2024 | $1,801 |
| April 2024 | $1,832 |
| May 2024 | $1,855 |
| June 2024 | $1,899 |
| 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 | $1,864 |
| 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 2 Sherman Ter #1?
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
$60,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $60,000 annually to afford this 2-bedrooms monthly rent price of $1,500.
For more information on rent affordability, visit our rent calculator.
Schools near 2 Sherman Ter #1
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
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Internet available near 2 Sherman Ter #1
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 2 Sherman Ter #1
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 2 Sherman Ter #1, Madison
Groceries
3/10
At least one supermarket within a 30-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
3/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
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 30-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
4/10
Some bars within a few minutes’ walk
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