Zumper
modified
5+ Days Ago

Highlights

  • Professionally managed
  • 24-hour emergency maintenance
  • Water, hot water, and heat

Location

506 Shepard Terrace #602 N. Franklin Avenue, Madison, Wisconsin 53705, United States|Sunset Village
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Contact

Management

Bruner Realty & Management, Inc.

Leasing office

(608) 273-9390

Property Overview

Shepard/Franklin/Lynn offers an impressive living experience with a Zumper expert rating of 8.5, reflecting its excellent amenities (9/10), location (9/10), and quality (9/10). Priced competitively at an 8/10, it strikes a balance between affordability and value, while also showing transparency with a trustworthiness rating of 7/10. Notable features include professional management, 24-hour emergency maintenance, and convenience for pet owners with nearby grooming services and pet supply stores.

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

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, Shepard/Franklin/Lynn is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Shepard/Franklin/Lynn has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • High school nearby
  • Images Available

Great for

  • Pet owners

Floor plans

Shepard - 1 BD1 bed1 bath650 sqft$1,205 /mo1 unit available1 bed 1 bath apartment unit located close to the UW and VA Hospital and minutes from Downtown. Washer and dryer shared in building and hard wood flooring throughout the apartment. -One surface parking space included w/ rent -$75/month utility fee (includes water, hot water and heat) -Resident responsible for electricity and internet -Security Deposit equal to 1/2 month's rent -Professionally managed with 24-hour emergency maintenance -Tenant must obtain and show proof of renter's insurance -No smoking in the unit **photos of a similar apartment in the building**
Shepard - 2 BD2 bed1 bath800 sqft$1,375 /mo2 units availableThis 2 bedroom, 1 bathroom apartment is just off University Avenue, located near the UW Hospital. It is located in the University Heights neighborhood with quick access to both Hilldale Mall and Downtown Madison. -One surface parking space included w/ rent -$75/month utility fee (includes water, hot water and heat) -Resident responsible for electricity and internet -Security Deposit equal to 1/2 month's rent -Professionally managed with 24-hour emergency maintenance -Tenant must obtain and show proof of renter's insurance -No smoking in the unit **photos of a similar apartment in the building**

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Amenities for Shepard/Franklin/Lynn

Apartment Amenities

Central HeatHeating

Appliances

FridgeRange/Oven

Building

Cats OKWater/Sewer
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

Dog Policy

Not allowed

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units32
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About Shepard/Franklin/Lynn

HomeApartments in Madison Shepard/Franklin/Lynn

This 2 bedroom, 1 bathroom apartment is just off University Avenue, located near the UW Hospital. It is located in the University Heights neighborhood with quick access to both Hilldale Mall and Downtown Madison. -One surface parking space included w/ rent -$75/month utility fee (includes water, hot water and heat) -Resident responsible for electricity and internet -Security Deposit equal to 1/2 month's rent -Professionally managed with 24-hour emergency maintenance -Tenant must obtain and show proof of renter's insurance -No smoking in the unit **photos of a similar apartment in the building**


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, Shepard/Franklin/Lynn is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Shepard/Franklin/Lynn has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated Shepard/Franklin/Lynn
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, Shepard/Franklin/Lynn is a great option for renters looking for apartments in Sunset Village. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Shepard/Franklin/Lynn goes above and beyond to provide sought-after conveniences and desirable perks, including cats allowed. Renters looking for popular or luxurious features will find them here—and for that reason, Shepard/Franklin/Lynn receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Shepard/Franklin/Lynn is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Shepard/Franklin/Lynn has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Shepard/Franklin/Lynn provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Shepard/Franklin/Lynn is great for:

Pet owners

  • 2 pet grooming services nearby
  • 3 pet supply stores near the property
  • 2 pet hospitals in the area

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 Shepard/Franklin/Lynn compares to other nearby properties.

Positives

Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
High school nearby
There is a high school 1 mile away
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Images Available
There are at least 10 photos of this address

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1 mile away
No in-unit dishwasher
Dishwashers aren't available

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Rent trends in Sunset Village

1-bedroom apartments here are priced about the same as 1-bedrooms in Sunset Village.

If you decide to upgrade your space, you can expect 2-bedrooms at Shepard/Franklin/Lynn to be 21% less than the average for similarly sized apartments in Sunset Village.

Median rents as of Dec 6 2025.
Sunset Village
Madison
A table of studio rental data trends in Madison
MonthMedian Rent
December 2023$1,150
January 2024$1,150
February 2024$1,150
March 2024$1,256
April 2024$1,225
May 2024$1,257
June 2024$1,293
July 2024$1,363
August 2024$1,345
September 2024$1,313
October 2024$1,177
November 2024$1,205
December 2024$1,250
January 2025$1,248
February 2025$1,311
March 2025$1,304
April 2025$1,343
May 2025$1,334
June 2025$1,361
July 2025$1,391
August 2025$1,281
September 2025$1,140
October 2025$1,165
November 2025$1,195
December 2025$1,240
A table of studio rental data trends in Sunset Village
MonthMedian Rent
March 2024$995
April 2024$995

Affordability calculator

Can I afford to live at 506 Shepard Terrace #602 N. Franklin Avenue?

Bedrooms

Rent-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

$48,200/yr

With your selected rent-to-income ratio, you'd ideally want to make $48,200 annually to afford this 1-bedroom monthly rent price of $1,205.
For more information on rent affordability, visit our rent calculator.

Schools near Shepard/Franklin/Lynn

Midvale Elementary School

502 caromar dr

madison, WI, 53711

PK, K-2Public
B+

4K PK Off Site

545 w dayton st

madison, WI, 53703

PKPublic

Lincoln Elementary School

909 sequoia trl

madison, WI, 53713

PK, K-5Public
B-
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Neighborhood

Sunset Village | Madison, WI

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

Getting around Madison near 506 Shepard Terrace #602 N. Franklin Avenue

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

5/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 506 Shepard Terrace #602 N. Franklin Avenue, Madison

Groceries

7/10
At least one grocery store within a 15-minute walk

Shopping

6/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

6/10
Variety of restaurants within walking distance

Primary schools

7/10
At least one elementary school within a 20-minute walk

High schools

4/10
No high schools within a 30-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

4/10
Few or no bars within walking distance

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