
Cheap Homes for Rent near Monona, IA from $300 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Monona.


2 1st St NE

247 W 11th St

1941 Madison St

651 Caledonia Pl

12 6th Ave NE
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

2030 Chaney Rd

703 3rd St SE

514 3rd Ave SE

921 6th St S

320 E 26th St

714 2nd Ave NW
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Monona, IA Local Guide

How much does it cost to rent a home in Monona?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monona 2 Bedroom Homes for Rent | $1,183 | $675 | $1,700 |
| Monona 3 Bedroom Homes for Rent | $1,230 | $900 | $1,500 |
| Monona 4 Bedroom Homes for Rent | $1,773 | $1,100 | $2,500 |
| Monona 5 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Top Homes for Rent 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. PropertyName has the second lowest priced unit, which is a 2 Beds apartment currently listed from $725. 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 |
| PropertyName | Studio | 2BR,1BA | $725 |
| Prairie View Apartments | 32 Unit - Efficiency | Studio,1BA | $795 |
| Ruxton Apartments | 2A | 2BR,2BA | $856 |
| 1182 Locust St | Apt 4 | 1BR,1BA | $925 |
Best Value Apartments for Rent in Monona, IA and Nearby
As of July 28, 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 $1,334 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 |
| 1182 Locust St | Apt 4 | 1BR,1BA | $0.93 |
| West Brook Apartments | Brand New 2 Bedroom/2 Bathroom Units at West Br... | 2BR,2BA | $1.15 |
| Penn Place Apartments | Newly Renovated 2 BR | 2BR,1.5BA | $1.11 |
| 15 E Main St | 3 Bed 1 Bath | 3BR,1BA | $1.08 |
| Ruxton Apartments | 2A | 2BR,2BA | $0.98 |
| Gund Brewery Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.09 |
| 533 W Cherry St, Lancaster, WI 53813 | 2B / 1B | 2BR,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!
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Frequently Asked Questions about Monona
What type of rentals are currently available in Monona?
There are currently 57 Apartments for Rent in Monona, IA with pricing that ranges from $500 to $2,855. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monona ranging from $350 to $2,500.
What is the current price range for Rental Homes in Monona?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Monona ranges from $350 to $2,500 with an average monthly rent of $1,379.
How much are larger Three and Four Bedroom Rentals in Monona?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Monona range from $850 to $1,835, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $1,500. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $1,573.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.