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$1,1802 Bedroom Apartments Available Now
5326 Hoboken Rd, Unit 3
5326 Hoboken RdMadison, WI 53713
Cheap Homes for Rent in Monona, WI from $1,200 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Monona.
131 N Fair Oaks Ave
MadisonWI53714
107 Rethke Ave
MadisonWI53714
107 Rethke Ave
MadisonWI53714
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.
1975 E Washington Ave
MadisonWI53704
2652 Milwaukee St
MadisonWI53704
4603 Martha Ln
MadisonWI53714
4015 Claire St
MadisonWI53716
203 Ski Ct
MadisonWI53713
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.
Showing Results 1-10, 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 | $1,852 | $1,200 | $3,000 |
| Monona 3 Bedroom Homes for Rent | $2,416 | $1,880 | $4,500 |
| Monona 4 Bedroom Homes for Rent | $3,693 | $2,700 | $6,150 |
| Monona 5 Bedroom Homes for Rent | $2,150 | $2,150 | $2,150 |
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 and Nearby
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 $895. Madison Mayfair Apartments in the Near East Side neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. 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 | $895 |
| Madison Mayfair Apartments | 1 Bedroom | 1BR,1BA | $999 |
| The Life at Madison Grove | 2 BED 1 BATH | 2BR,1BA | $1,000 |
Best Value Apartments for Rent in Monona, WI and Nearby
As of April 28, 2026 the best value apartment in the Monona area is the $1.41 price per square foot 3x2 Income restricted Model at Carbon at Union Corners in the in the Near East Side neighborhood starting from $1,811. The second greatest value Monona apartment is the 2 Bed / 2 Bath Model at Rise-Madison starting at $1,661 with a $1.49 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. |
|---|---|---|---|
| Carbon at Union Corners | 3x2 Income restricted | 3BR,2BA | $1.41 |
| Rise-Madison | 2 Bed / 2 Bath | 2BR,2BA | $1.49 |
| The Royal | A3 Floor Plan (80LMI Income Restricted) | 2BR,2BA | $1.55 |
| Riverwood Apartments | 2 bedroom 2 bath | 2BR,2BA | $1.42 |
| Stonewood Village | sv2brlow | 2BR,1BA | $1.48 |
| Kensington Pointe Apartments | 2bdrr | 2BR,1BA | $1.46 |
| Colonial Apartments | 1 Br | 1BR,1BA | $1.15 |
| 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 |
| Mardelle Apartments | 5 | 1BR,1BA | $1.38 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 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 ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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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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 227 Apartments for Rent in Monona, WI with pricing that ranges from $895 to $8,714. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monona ranging from $1,200 to $6,150.
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 $1,200 to $6,150 with an average monthly rent of $2,311.
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.
Articles, How-To's, and Tips
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.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.