
Cheap Homes for Rent in Monona, WI from $800 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Monona.


312 S Ingersoll St

934 High St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

4807 Camden Rd

6311 Ford St

137 E Gorham St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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 | $2,086 | $1,425 | $2,610 | 
| Monona 3 Bedroom Homes for Rent | $2,167 | $800 | $2,785 | 
| Monona 4 Bedroom Homes for Rent | $3,460 | $2,495 | $4,180 | 
| Monona 5 Bedroom Homes for Rent | $3,087 | $3,000 | $3,175 | 
Browse Top Homes for Rent in Monona
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Monona, WI Local Guide
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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. Nature Valley Apartments in the Near East Side neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $895. 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 | 
| Nature Valley Apartments | Studio | Studio,1BA | $895 | 
| Pirate Island Apartments | 25' studio | Studio,1BA | $950 | 
Best Value Apartments for Rent in Monona, WI
As of November 04, 2025 the best value apartment in the Monona area is the $1.19 price per square foot 2B/1.5bath Model at Glendale Townhomes in the in the Pflaum Road neighborhood starting from $1,785. The second greatest value Monona apartment is the 3x2 Income restricted Model at Carbon at Union Corners starting at $1,811 with a $1.41 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/1.5bath | 2BR,2BA | $1.19 | 
| Carbon at Union Corners | 3x2 Income restricted | 3BR,2BA | $1.41 | 
| Apartments of Riverwood, LLC | 2 bedroom 2 bath | 2BR,2BA | $1.42 | 
| 3388 E Washington Ave, Unit #2 | 3388 E Washington Ave | 2BR,1BA | $1.44 | 
| Colonial Apartments | 1 Br | 1BR,1BA | $1.18 | 
| Executive East Apartments | 1 Bedroom/1 Bathroom | 1BR,1BA | $1.16 | 
| Dutch Mill Homes | 3 Bedroom | 3BR,2BA | $1.39 | 
| Mardelle Apartments | 5 | 1BR,1BA | $1.30 | 
| 201 Deer Valley Rd, Unit 2 | 201 Deer Valley Rd | 1BR,1BA | $1.47 | 
| Capitol View Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.45 | 
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Monona, WI Area Reviews
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 $4,500. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monona ranging from $800 to $4,180.
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 $800 to $4,180 with an average monthly rent of $2,231.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.