2507 E Johnson St
MadisonWI53704
Cheap Homes for Rent in Monona, WI from $1,000 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Monona.
415 N Ingersoll St
MadisonWI53703
6321 Roselawn Ave
MononaWI53716
close
View Me
1723 Blossom Ln
MadisonWI53716
934 High St
MadisonWI53715
5208 Camden Rd
MadisonWI53716
2826 Myrtle St
MadisonWI53704
Showing Results 1-8, Page 1 of 1
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 | $1,745 | $1,290 | $2,300 |
| Monona 3 Bedroom Homes for Rent | $2,168 | $1,400 | $2,995 |
| Monona 4 Bedroom Homes for Rent | $2,942 | $2,400 | $3,485 |
| Monona 5 Bedroom Homes for Rent | $3,055 | $2,500 | $3,610 |
Browse Top Homes for Rent in Monona
Explore Monona
Monona, WI Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Monona Apartments for Rent
The cheapest available apartment rental in Monona, WI is a Studio unit found at Nature Valley Apartments in the Near East Side neighborhood priced from $925. Madison Mayfair Apartments in the Near East Side neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here is today’s list of the most affordable Monona apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Nature Valley Apartments | Studio | Studio,1BA | $925 |
| Madison Mayfair Apartments | 1 Bedroom | 1BR,1BA | $1,000 |
| The Life at Madison Grove | 2 BED 1 BATH | 2BR,1BA | $1,000 |
Best Value Apartments for Rent in Monona, WI
As of September 11, 2025 the best value apartment in the Monona area is the $0.79 price per square foot Two-Bedroom (Income Restricted) Model at Heritage Monona Senior Apartments in the in the Pflaum Road neighborhood starting from $1,395. The second greatest value Monona apartment is the 2B/1.5bath Model at Glendale Townhomes starting at $1,785 with a $1.19 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. |
|---|---|---|---|
| Heritage Monona Senior Apartments | Two-Bedroom (Income Restricted) | 2BR,1BA | $0.79 |
| Glendale Townhomes | 2B/1.5bath | 2BR,2BA | $1.19 |
| Woods Edge Townhomes | 1203-2 | 3BR,1.5BA | $1.21 |
| Carbon at Union Corners | 3x2 Income restricted | 3BR,2BA | $1.41 |
| 3322 Ridgeway Ave, Unit #1 | 3322 Ridgeway Ave | 2BR,1BA | $1.29 |
| Apartments of Riverwood, LLC | 2 Bedroom 1 Bath | 2BR,1BA | $1.44 |
| Executive East Apartments | 1 Bedroom/1 Bathroom | 1BR,1BA | $1.16 |
| Dutch Mill Homes | 3 Bedroom | 3BR,2BA | $1.39 |
| The Life at Madison Grove | 2 BED 1 BATH | 2BR,1BA | $1.18 |
| Colonial Apartments | 1 Br | 1BR,1BA | $1.40 |
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.
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 233 Apartments for Rent in Monona, WI with pricing that ranges from $890 to $3,700. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monona ranging from $1,015 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 $1,015 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.
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.