Cheap Homes for Rent in Monona, IA from $500 (12 Rentals)

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

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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 131 S Vine St priced from $550. College Suites Peosta has the second lowest priced unit, which is a 3 Beds apartment currently listed from $625. Here is today’s list of the most affordable Monona apartments for rent:

Apartment ListingModel NameBed/BathPriced From
131 S Vine St2021BR,1BA$550
College Suites Peosta3 Bedroom Apartment NOW Available - Price Per B...3BR,2BA$625
The Meadows ApartmentsQuads 2Bd2BR,1BA$700
Prairie View Apartments32 Unit - EfficiencyStudio,1BA$705
Ruxton Apartments2B2BR,2BA$725

Best Value Apartments for Rent in Monona, IA and Nearby

As of August 03, 2025 the best value apartment in the Monona area is the $1.03 price per square foot 2 Bed 2 Bath Model at Rock Avenue Apartments in the starting from $1,135. The second greatest value Monona apartment is the 2BR/1.0BA Model at St. Vallerie Apartments starting at $1,050 with a $1.05 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.
Rock Avenue Apartments2 Bed 2 Bath2BR,2BA$1.03
St. Vallerie Apartments2BR/1.0BA2BR,1BA$1.05
Newman Heights4-Bedroom4BR,2BA$0.56
Penn Place Apartments2 Bedroom/2 Bath2BR,1.5BA$1.05
Lawler School Lofts2BR/1B2BR,1BA$1.06
Wild Grove Apartments - 702 NICC2 Bed Updated2BR,1BA$1.09
Ruxton Apartments2A2BR,2BA$1.09
The Meadows ApartmentsMeadows 2Bd2BR,1BA$0.92
Main Street Apartments1X1-V1BR,1BA$1.04
131 S Vine St2021BR,1BA$0.92

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Frequently Asked Questions about Monona

What type of rentals are currently available in Monona?

There are currently 44 Apartments for Rent in Monona, IA with pricing that ranges from $407 to $2,100. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monona ranging from $500 to $2,700.

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 $500 to $2,700 with an average monthly rent of $1,396.

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 $537 to $1,725, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $1,800. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,395.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

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

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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.