
Cheap Apartments for Rent in Monona, IA from $500 (55 Rentals)
Search the lowest-cost Apartments available for rent right now in Monona.


LINTON VILLAGE

The Meadows Apartments

15 E Main St

Prairie View Apartments

533 W Cherry St

Ruxton Apartments

Penn Place Apartments

Grand River Station

WEDGEWOOD COMMONS
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.

Oak Creek Woods Apartments

Cliffside Apartments

Gund Brewery Lofts

Hawkeye Apartments

Riverview Apartments

Wild Grove Apartments

ARBOR GLEN APARTMENTS

Elliott Arms Apartments

1182 Locust St

Rock Avenue Apartments
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.

FOX RIDGE ESTATES

Raven Oaks Apartments

Prairie Bluff Apartments

Briar Grove Apartments

Lawler School Lofts

St. Vallerie Apartments

Arrow Ridge

West Brook Apartments

Applegate I

105 Scoops Dr
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.

Radford Place Apartments

1820 Radford Rd

131 S Vine St

Main Street Apartments

120 3rd St NE

247 W 11th St

1941 Madison St

2060 Whittier St

511 S Frederick Ave

1131 Main St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

2296 Woodworth St

232 Cardiff St

3090 N Grandview Ave

1635 White St

407 Patterson St

612 6th St SW

320 E 26th St

River Bluff Apartment Homes

308 Hill St

Bluffview Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Monona, IA Local Guide

How much does it cost to rent an apartment in Monona?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monona Studio Apartments | $973 | $725 | $1,350 |
| Monona 1 Bedroom Apartments | $1,023 | $500 | $1,625 |
| Monona 2 Bedroom Apartments | $1,267 | $700 | $2,100 |
| Monona 3 Bedroom Apartments | $1,268 | $775 | $1,729 |
| Monona 4 Bedroom Apartments | $1,753 | $1,573 | $1,873 |
Browse Top Apartments in Monona
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Monona, IA Local Guide
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Cheapest Available Monona Apartments for Rent and Nearby
 The cheapest available apartment rental in Monona, IA is a 1 Bed unit found at The Meadows Apartments in the Southlawn Court neighborhood priced from $620. LINTON VILLAGE has the second lowest priced unit, which is a 2 Beds apartment currently listed from $640. Here is today’s list of the most affordable Monona apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Meadows Apartments | Otter Creek 1Bd | 1BR,1BA | $620 |
| LINTON VILLAGE | 2 Bedroom 1 Bathroom | 2BR,1BA | $640 |
| 15 E Main St | 1 Bed, 1 bath | 1BR,1BA | $650 |
| 533 W Cherry St | Unit 2 | Studio,1BA | $725 |
| Prairie View Apartments | 32 Unit - Efficiency | Studio,1BA | $725 |
| Gund Brewery Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $929 |
| Elliott Arms Apartments | Deluxe Corner Studio | Studio,1BA | $970 |
| Rock Avenue Apartments | 1 Bed 1 Bath | 1BR,1BA | $975 |
| 1182 Locust St | Apt 4 | 1BR,1BA | $975 |
| Penn Place Apartments | 2 Bedroom/2 Bath | 2BR,1BA | $995 |
Best Value Apartments for Rent in Monona, IA and Nearby
As of June 21, 2026 the best value apartment in the Monona area is the $0.85 price per square foot 3BR/2B Model at Lawler School Lofts in the starting from $1,017. The second greatest value Monona apartment is the Two Bedroom (A2) Model at Arrow Ridge starting at $1,330 with a $1.11 price per square foot . Here is today’s list of the best values for Monona apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lawler School Lofts | 3BR/2B | 3BR,2BA | $0.85 |
| Arrow Ridge | Two Bedroom (A2) | 2BR,1BA | $1.11 |
| West Brook Apartments | Brand New 2 Bedroom/2 Bathroom Units at West Br... | 2BR,2BA | $1.15 |
| 15 E Main St | 1 Bed, 1 bath | 1BR,1BA | $0.65 |
| 1182 Locust St | Apt 4 | 1BR,1BA | $0.98 |
| LINTON VILLAGE | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.67 |
| Penn Place Apartments | 2 Bedroom/2 Bath | 2BR,1.5BA | $1.06 |
| Gund Brewery Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.09 |
| 533 W Cherry St | Unit 2 | Studio ,1BA | $1.07 |
| The Meadows Apartments | Otter Creek 1Bd | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Monona, IA Rentals by Map
See the most popular apartments and homes in Monona, IA
Frequently Asked Questions about Cheap Monona Apartments
What is the Cheapest Studio apartment in Monona?
Currently the most affordable Cheap Studio Apartment in Monona is at Prairie View Apartments listed at $725.
How much is rent for a Cheap One Bedroom Monona Apartment?
The lowest price for a Cheap One Bedroom Monona Apartment is $620 at The Meadows Apartments.
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 $640 at LINTON VILLAGE.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.