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Updated over 1 month ago
Contact property manager for current availability

506 Shepard Ter

506-518 Shepard Terrace Madison, WI

1 Bed
1 Bath

650 Sq. Ft.
1 Bed • 1 Bath
$895 - $1,025
650 ft2
0 Available
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506 #6D
506 #6B
Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
Very Walkable
Transit Score®
Some Transit
Bike Score®
Biker's Paradise
On-site Laundry
Heat Included
Air Conditioning
Controlled Access
On Bus Line
Hardwood Floors
Water Included
Near Campus
Near Hospital
24-hour Maintenance
Secured Entry
Range / Oven
Dining Room
Living Room
Balcony, Deck, Patio
Fees & leasing info
Dogs Ok
Cats Ok
Pet Friendly Community
Breed Restrictions:

Breed Restrictions May Apply


Please contact MPM at 608-251-8777 for more information

Pet Fee:


Surface Parking
Off-street Parking
Lease & Fees
Security Deposit: One Month Rent
Lease Length: 12
Property details

The apartment complex is conveniently located off of University Ave, close to UW Hospital, with easy access to the busline. The apartments offer unique features and gas stoves, free parking, and hardwood floors.

Additional Details
Year Built: 1957
Total Unit Count: 1
Last Updated: Updated over 1 month ago
Contact Number: (608) 251-8777
Property manager information
Madison Property Management
1202 Regent Street
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Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
AT&T Inc. 1000.0 1000.0
Charter Communications 940.0 35.0
AT&T Inc. 75.0 20.0
ViaSat, Inc. 35.0 3.0
Hughes Network Systems, LLC 25.0 3.0
Data from June 2020 provided by the FCC
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Photos Floor Plans Amenities
About 506 Shepard Ter
506 Shepard Ter, managed by Madison Property Management, is a charming apartment complex located at 506-518 Shepard Terrace in Madison, WI. Built in 1957, this property offers 1-bedroom floor plans with a minimum of 650 square feet of living space.

Residents of 506 Shepard Ter enjoy a variety of amenities, including heat and water included in the rent, air conditioning to keep cool during the summer months, and surface parking for hassle-free commuting. Each unit also features a balcony, deck, or patio, providing residents with outdoor space to relax and unwind. For added security and peace of mind, the property offers controlled access.

Convenience is a highlight of living at 506 Shepard Ter. Situated near Sunset Hills, Sunset Village, and Regent neighborhoods, residents can easily explore the surrounding areas and take advantage of the local amenities. The property's proximity to University Ave and the busline makes commuting to UW Hospital and other destinations a breeze.

Pet owners will be pleased to know that 506 Shepard Ter is both dog and cat-friendly. On-site laundry facilities ensure that residents have easy access to laundry services without leaving the property.

If you're seeking a comfortable and conveniently located apartment in Madison, look no further than 506 Shepard Ter. With unique features, such as gas stoves and hardwood floors, along with its fantastic amenities and attractive neighborhood, this property offers a wonderful place to call home.
Local scene
Data provided by GreatSchools
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
Rent report

If you upsized to an average priced Madison 2 bedroom apartment, you would pay 24% more per month.

If you downsized to an average priced Madison studio apartment, you would pay 27% less per month.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Madison Average
Studio $1,302 $2.60 $3,907
1BR $1,650 $2.20 $4,949
2BR $2,167 $2.00 $6,502
3BR $2,091 $1.40 $6,273
4BR $2,279 $1.40 $6,836

Availability in Madison

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 1,474 2BR units on the market in Madison. If you're looking to negotiate, this may be your best option.

11% 26% 45% 13% 3%
Available Units in Madison
Studio 364
1BR 852
2BR 1,474
3BR 437
4BR 95
Nearby Colleges
Campus Buildings and Attractions
Distance Walking Biking Driving
UW Hospital 0.6 mi 12 min 5 min 2 min
Regent Street 0.9 mi 18 min 7 min 2 min
Gymnasium-Natatorium 1.2 mi 24 min 8 min 4 min
Camp Randall 1.5 mi 28 min 9 min 3 min
Monroe Street 1.5 mi 29 min 9 min 4 min
Nearby Hospitals
Name Distance
William S. Middleton Memorial Veterans Hospital 0.3 mi.
Uw Hospital 0.31 mi.
Unitypoint Health Meriter 1.88 mi.
Nearby Fire Stations
Name Distance
Madison Fire Department 2.39 mi.
Madison Town Fire Department 2.7 mi.
Middleton Fire Department 4.1 mi.
Is this property currently leasing units?
No. This property is not currently accepting new tenants.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
Where is this property located?
This property is at 506-518 Shepard Terrace in Madison, WI. It's 2.2 miles west from the center of Madison.
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