Cheap Apartments for Rent in Monona, IA from $500 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in Monona.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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131 S Vine St
1 to 2 Bedroom Apartments

131 S Vine St

131 S Vine StWest Union, IA 52175
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 208 W Main St

$675 - $775

1 To 2 Bedroom Rentals

Available Now

208 W Main St

DunkertonIA50626
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3090 N Grandview Ave
2 Bedroom Apartments

3090 N Grandview Ave

3090 N Grandview AveDubuque, IA 52001
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Showing Results 1-21, Page 1 of 1

Monona, IA Local Guide

Cheapest Available Monona Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monona, IA is a 1 Bed unit found at PDC Eco Cottages priced from $500. The Meadows Apartments in the Southlawn Court neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $620. Here is today’s list of the most affordable Monona apartments for rent:

Apartment ListingModel NameBed/BathPriced From
PDC Eco Cottages1 Bedroom 30%1BR,1BA$500
The Meadows ApartmentsOtter Creek 1Bd1BR,1BA$620
15 E Main St1 Bed, 1 bath1BR,1BA$650
Prairie View Apartments32 Unit - EfficiencyStudio,1BA$725
Oak Creek Woods Apartments2 Beds, 2 baths2BR,2BA$795

Best Value Apartments for Rent in Monona, IA and Nearby

As of May 07, 2026 the best value apartment in the Monona area is the $0.81 price per square foot 3BR/2B Model at Lawler School Lofts in the starting from $969. The second greatest value Monona apartment is the Two Bedroom (A2) Model at Arrow Ridge starting at $1,395 with a $1.16 price per square foot . Here is today’s list of the best values for Monona apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lawler School Lofts3BR/2B3BR,2BA$0.81
Arrow RidgeTwo Bedroom (A2)2BR,1BA$1.16
Westgate Residence TownhomesTownhouse I2BR,1.5BA$1.18
College Suites Peosta3 Bedroom Apartment - Price Per Bed!3BR,2BA$0.56
15 E Main St1 Bed, 1 bath1BR,1BA$0.65
West Brook ApartmentsBrand New 2 Bedroom/2 Bathroom Units at West Br...2BR,2BA$1.15
Penn Place Apartments2 Bedroom/2 Bath2BR,1.5BA$1.06
Cliffside ApartmentsTwo Bedroom2BR,1BA$1.22
PDC Eco Cottages1 Bedroom 30%1BR,1BA$0.71
The Meadows ApartmentsOtter Creek 1Bd1BR,1BA$1.03

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Monona Apartments

How much is rent for a Cheap One Bedroom Monona Apartment?

The lowest price for a Cheap One Bedroom Monona Apartment is $500 at PDC Eco Cottages.

What is the lowest price for a Cheap Two Bedroom Monona Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Monona is starting from $750 at The Meadows Apartments.

What is the most affordable Monona Three Bedroom Apartment?

The best deal on a cheap Monona Three Bedroom Apartment rental is at The Meadows Apartments and starts from $850.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.