1820 Fisher St
MadisonWI53713
Cheap Homes for Rent in Monona, WI from $900 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Monona.
107 Rethke Ave
MadisonWI53714
1975 E Washington Ave
MadisonWI53704
934 High St
MadisonWI53715
112 N Few St
MadisonWI53703
1305 E Dayton St
MadisonWI53703
1149 Williamson St
MadisonWI53703
5107 Wallace Ave
MononaWI53716
4807 Camden Rd
MadisonWI53716
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Monona, WI Local Guide
Lake with Monona Terrace and Madison skyline in the distance by Author: Mike Foster is licensed under Internal
How much does it cost to rent a home in Monona?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monona 2 Bedroom Homes for Rent | $1,679 | $1,200 | $2,200 |
| Monona 3 Bedroom Homes for Rent | $2,189 | $900 | $3,600 |
| Monona 4 Bedroom Homes for Rent | $2,891 | $2,725 | $3,100 |
| Monona 5 Bedroom Homes for Rent | $3,154 | $2,699 | $3,610 |
Browse Top Homes for Rent in Monona
Explore Monona
Monona, WI Local Guide
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Cheapest Available Monona Apartments for Rent
The cheapest available apartment rental in Monona, WI is a Studio unit found at Seven Oaks Apartments in the Bay Creek neighborhood priced from $875. Nature Valley Apartments in the Near East Side neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here is today’s list of the most affordable Monona apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Seven Oaks Apartments | Eff | Studio,1BA | $875 |
| Nature Valley Apartments | Studio | Studio,1BA | $925 |
| Madison Mayfair Apartments | 1 Bedroom | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Monona, WI
As of July 22, 2025 the best value apartment in the Monona area is the $1.20 price per square foot 2B/2Bath Model at Glendale Townhomes in the in the Pflaum Road neighborhood starting from $1,795. The second greatest value Monona apartment is the 1207-5 Model at Woods Edge Townhomes starting at $1,799 with a $1.24 price per square foot in the Near East Side neighborhood. 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. |
|---|---|---|---|
| Glendale Townhomes | 2B/2Bath | 2BR,2BA | $1.20 |
| Woods Edge Townhomes | 1207-5 | 3BR,1.5BA | $1.24 |
| Carbon at Union Corners | 3x2 Income restricted | 3BR,2BA | $1.41 |
| Eagle Harbor | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.26 |
| Ridge Creek Apartments | 2x1028 | 2BR,1BA | $1.41 |
| Executive East Apartments | 1 Bedroom/1 Bathroom | 1BR,1BA | $1.16 |
| Dutch Mill Homes | 3 Bedroom | 3BR,2BA | $1.39 |
| Mardelle Apartments | 1 Bdrm. with Den | 1BR,1BA | $1.25 |
| The Life at Madison Grove | 2 BED 1 BATH | 2BR,1BA | $1.18 |
| Colonial Apartments | 1 Br | 1BR,1BA | $1.37 |
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Monona, WI Area Reviews
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Gwen • 4+ years in Monona
June 8, 2025Monona is a safe & quiet community close to Madison. It's 8 minutes to the Dane County Courthouse. It's secluded from city life and sits next to 2 walking parks and Lake Monona. It's a wonderful place to live.
Frequently Asked Questions about Monona
What type of rentals are currently available in Monona?
There are currently 228 Apartments for Rent in Monona, WI with pricing that ranges from $656 to $3,700. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monona ranging from $900 to $3,610.
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 $900 to $3,610 with an average monthly rent of $2,121.
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.
Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison
Written by: Mike Heuer
I’m Mike, your ApartmentHomeLiving.com local expert for Madison, Wisconsin. I lived and worked in Madison for several years before career opportunities took me elsewhere.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.