431 W Main St
MadisonWI53703
Cheap Homes for Rent in Monona, WI from $1,050 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Monona.
close
View Me
$1,1001 Bedroom Apartments Available Now
5604 Bjelde Ln, Unit 3
5604 Bjelde LnMonona, WI 53716
828-830 E Johnson St
MadisonWI53703
830 E Johnson St
MadisonWI53703
312 S Ingersoll St
MadisonWI53703
Finding Your Place in Madison: Neighborhoods Close to the City’s Biggest Jobs
Finding the right Madison apartment near work is easy. Browse our guide to the best neighborhoods for professionals, from State-Langdon to Bay Creek.
1002 N Sunnyvale Ln, Unit G
1002 N Sunnyvale Ln
MadisonWI53713
close
View Me
$1,450Studio Apartments Available Oct 1
3572 Hargrove St, Unit 105
3572 Hargrove StMadison, WI 53714
5192 Sassafras Dr
FitchburgWI53711
1039 S Sunnyvale Ln
MadisonWI53713
120 S Blair St
MadisonWI53703
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.
2549 Upham St
MadisonWI53704
5192 Sassafras Dr
MadisonWI53713
close
View Me
$1,6501 Bedroom Apartments Available Now
933 Spaight St, Unit 3
933 Spaight StMadison, WI 53703
5914 Anthony Plz
MononaWI53716
close
View Me
$1,7001 Bedroom Apartments Available Oct 1
3572 Hargrove St, Unit 117
3572 Hargrove StMadison, WI 53714
Madison's Best Affordable Neighborhoods
Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer
36 Bel-Aire Dr
MadisonWI53713
Showing Results 1-16, Page 1 of 1
Monona, WI 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 | $2,141 | $1,280 | $3,200 |
| Monona 3 Bedroom Homes for Rent | $2,593 | $1,800 | $3,995 |
| Monona 4 Bedroom Homes for Rent | $3,162 | $2,100 | $3,970 |
| Monona 5 Bedroom Homes for Rent | $3,325 | $2,400 | $4,250 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Monona
Explore Monona
Monona, WI Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Monona Apartments for Rent
The cheapest available apartment rental in Monona, WI is a 2 Beds unit found at Broadway Lofts and Townhomes in the Pflaum Road neighborhood priced from $784. Colonial Apartments in the Pflaum Road neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $990. Here is today’s list of the most affordable Monona apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Broadway Lofts and Townhomes | 2x2 | 2BR,2BA | $784 |
| Colonial Apartments | Studio | Studio,1BA | $990 |
| Madison Mayfair Apartments | 1 Bedroom | 1BR,1BA | $999 |
| Mcfarland Williamstown Bay (55+) | 1 BD | 1BR,1BA | $1,000 |
| Lake Point Terrace | One Bed One Bath 700 sqft | 1BR,1BA | $1,072 |
Best Value Apartments for Rent in Monona, WI
As of September 11, 2026 the best value apartment in the Monona area is the $1.41 price per square foot Tri-Level Model at Preston Place in the starting from $2,695. The second greatest value Monona apartment is the 3x2.5TH Model at Broadway Lofts and Townhomes starting at $1,577 with a $1.13 price per square foot in the Pflaum Road 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. |
|---|---|---|---|
| Preston Place | Tri-Level | 4BR,2.5BA | $1.41 |
| Broadway Lofts and Townhomes | 3x2.5TH | 3BR,2.5BA | $1.13 |
| The Royal | E Floor Plan (80LMI Income Restricted) | 2BR,2BA | $1.35 |
| Kensington Pointe Apartments | 2bdrar | 2BR,1BA | $1.27 |
| Stonewood Village | sv2brup | 2BR,1BA | $1.41 |
| Novation Senior | 2X2 | 2BR,2BA | $1.29 |
| Seven Oaks Apartments | Phantom | 2BR,1BA | $1.21 |
| 5800 Bjelde Ln | 10 | 1BR,1BA | $1.22 |
| Pirate Island Apartments | Waterside 1br | 1BR,1BA | $1.40 |
| Glendale Gardens | One Bedroom | 1BR,1BA | $1.37 |
Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI
Discover the best student housing neighborhoods for renting in Madison, Wisconsin! This guide covers apartments near the University of Wisconsin-Madison, Edgewood University, Herzing University, and Madison Area Technical College, detailing locations like Regent, Shorewood Hills, Dudgeon-Monroe, and more for your perfect college home.
Read Article
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 Article
Quick 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.
Pet Friendly LifestyleMonona, WI
Ranked #9
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Monona, WI Rentals by Map
See the most popular apartments and homes in Monona, WI
Monona, WI Area Reviews
Do you know the Monona area?
Let everyone know!
Write a Review
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 254 Apartments for Rent in Monona, WI with pricing that ranges from $677 to $4,500. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monona ranging from $1,050 to $4,400.
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 $1,050 to $4,400 with an average monthly rent of $2,437.
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 $1,300 to $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $3,995. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $2,695.
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.
Helpful Local Expert Guides
Finding Your Place in Madison: Neighborhoods Close to the City's Biggest Jobs
Written by: Mike Heuer
Madison, Wisconsin, is three communities in one. It is a college town that is home to the flagship university in the University of Wisconsin system.
An Insider's Guide to 6 Reasons Why Locals Love Renting in Madison, Wisconsin
Written by: Mike Heuer
Madison is Wisconsin’s capital city and its second-largest city, with a population of more than 260,000.
Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI
Written by: Mike Heuer
I am Mike, your guide to student housing in the Greater Madison, Wisconsin, area. Madison is a terrific city that also is the Capital of Wisconsin.
The Expert's 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.
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.