Zumper
modified
4 Days Ago

Highlights

  • Professionally managed
  • 24-hour emergency maintenance
  • Newly renovated
  • Hard wood flooring
  • Fully renovated kitchen
  • Hardwood flooring throughout

Location

506 Shepard Ter #602 N. Franklin Avenue, Madison, WI 53705, USA|Sunset Village
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Contact

Management

Bruner Realty & Management, Inc.

Leasing office

(608) 273-9390

Property Overview

Shepard/Franklin/Lynn is a professionally managed, newly renovated property with hardwood flooring throughout and a fully renovated kitchen, earning an overall Zumper Expert Rating of 8.6/10 with particularly strong scores for amenities, location, quality, and value. Competitive pricing, an extensive photo set, and transparent listing details enhance its appeal, while nearby schools and strong pet-friendly infrastructure—including a dog park and multiple pet services—make it a compelling option for many renters.

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

8.6
Very Good
With a solid 8.6 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 /mo3 units 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**
2BR/1.0BA2 bed1 bath800 sqft$1,505 /mo1 unit availableThis newly renovated 2 bedroom, 1 bathroom apartment is just off University Avenue and is located near the UW Hospital. The kitchen has been fully renovated and includes: dishwasher, electric oven/stove, microwave, fridge and disposal. The bathroom has also been renovated with a new toilet, vanity and additional storage. The apartment also features hardwood flooring throughout. Give us a call to schedule a tour today! Here are some other features: -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 apartment

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Amenities for Shepard/Franklin/Lynn

Apartment Amenities

Central HeatHeating

Appliances

FridgeOven
RangeRange/Oven
Refrigerator

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

1 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**


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.
8.6
/10
Very Good
With a solid 8.6 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·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Shepard/Franklin/Lynn is great for:

Pet owners

  • 1 dog park within 1 mile
  • 2 pet grooming services nearby
  • 2 pet hospitals in the area
  • 3 pet supply stores near the property

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 1-bedrooms are cheaper than other similar listings nearby
High school nearby
There is a high school 1 mile away
Less expensive
The 2-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 17% lower than 1-bedrooms in Sunset Village.

If you decide to upgrade your space, you can expect 2-bedrooms at Shepard/Franklin/Lynn to be 20% less than the average for similarly sized apartments in Sunset Village.

Median rents as of Apr 25 2026.
Sunset Village
Madison
A table of 1-bedroom apartment rental data trends in Madison
MonthMedian Rent
May 2024$1,528
June 2024$1,593
July 2024$1,575
August 2024$1,545
September 2024$1,509
October 2024$1,466
November 2024$1,512
December 2024$1,511
January 2025$1,495
February 2025$1,548
March 2025$1,540
April 2025$1,570
May 2025$1,578
June 2025$1,604
July 2025$1,601
August 2025$1,540
September 2025$1,470
October 2025$1,484
November 2025$1,459
December 2025$1,446
January 2026$1,485
February 2026$1,533
March 2026$1,553
April 2026$1,568
A table of 1-bedroom apartment rental data trends in Sunset Village
MonthMedian Rent
May 2024$1,387
June 2024$1,454
July 2024$1,582
August 2024$1,478
February 2025$1,750
March 2025$1,341
April 2025$1,226
May 2025$1,203
February 2026$1,375
March 2026$1,450

Affordability calculator

Can I afford to live at 506 Shepard Ter #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-

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-
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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 Ter #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 Ter #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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