610 Femrite Dr
MononaWI53716
Cheap Homes for Rent in Monona, WI from $900 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Monona.
608 Femrite Dr
MononaWI53716
1723 Blossom Ln
MadisonWI53716
930 Emerald St
MadisonWI53715
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
203 Ski Ct
MadisonWI53713
3319 Lotheville Rd
MadisonWI53704
4013 Claire St
MadisonWI53716
228 Swanton Rd, Unit 228 Swanton Rd
228 Swanton Rd
MadisonWI53714
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.
933 Spaight St
MadisonWI53703
Showing Results 1-9, 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 | $1,771 | $1,200 | $2,550 |
| Monona 3 Bedroom Homes for Rent | $2,766 | $1,880 | $4,000 |
| Monona 4 Bedroom Homes for Rent | $3,515 | $3,000 | $3,950 |
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
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Cheapest Available Monona Apartments for Rent
The cheapest available apartment rental in Monona, WI is a 1 Bed unit found at The Post in the Downtown Madison neighborhood priced from $759. Rise-Madison in the Near East Side neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $784. Here is today’s list of the most affordable Monona apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Post | One Bedroom | 1BR,1BA | $759 |
| Rise-Madison | 2 Bed / 2 Bath | 2BR,2BA | $784 |
| Colonial Apartments | Studio | Studio,1BA | $990 |
Best Value Apartments for Rent in Monona, WI
As of June 12, 2026 the best value apartment in the Monona area is the $1.10 price per square foot 5910 Monona Dr Model at 5910 Monona Dr, Unit Monona Apt in the in the Pflaum Road neighborhood starting from $2,195. The second greatest value Monona apartment is the 1049 Spaight St Model at 1049 Spaight St, Unit Apartment 3 starting at $1,000 with a $0.56 price per square foot in the The Isthmus 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. |
|---|---|---|---|
| 5910 Monona Dr, Unit Monona Apt | 5910 Monona Dr | 2BR,2BA | $1.10 |
| 1049 Spaight St, Unit Apartment 3 | 1049 Spaight St | 1BR,1BA | $0.56 |
| The Royal | A3 Floor Plan (80LMI Income Restricted) | 2BR,2BA | $1.46 |
| Riverwood Apartments | 2BR/2.0BA | 2BR,2BA | $1.42 |
| Capitol View Apartments | 3 Bed 1.5 Bath | 3BR,1.5BA | $1.50 |
| Stonewood Village | sv2brlow | 2BR,1BA | $1.51 |
| 3401 Dawes St | 2bed1bath | 2BR,1BA | $1.53 |
| Dale Street Apartments | 2 Bed 1 Bath - Heat Included | 2BR,1BA | $1.48 |
| The Life at Madison Grove | 2 BED 1 BATH | 2BR,1BA | $1.18 |
| Rise-Madison | 1 Bed / 1 Bath | 1BR,1BA | $1.46 |
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 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 ArticleQuick 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!
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See the most popular apartments and homes in Monona, WI
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 244 Apartments for Rent in Monona, WI with pricing that ranges from $771 to $7,509. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monona ranging from $990 to $4,000.
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 $990 to $4,000 with an average monthly rent of $2,311.
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 $1,880 to $4,000. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $2,700.
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
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.
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.
An Insiders 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.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.