714 N Oak St
MadisonWI53704
Cheap Homes for Rent near Monona, WI from $1,100 (15 Rentals)
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2015 E Washington Ave
MadisonWI53704
930 Emerald St
MadisonWI53715
312 S Ingersoll St
MadisonWI53703
2507 E Johnson St
MadisonWI53704
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
3503 Albert Ct
MadisonWI53714
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$1,450Studio Apartments Available Oct 1
3572 Hargrove St, Unit 105
3572 Hargrove StMadison, WI 53714
112 N Few St
MadisonWI53703
2217 Luann Ln
MadisonWI53713
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.
828-830 E Johnson St
MadisonWI53703
2636 Milwaukee St
MadisonWI53704
2549 Upham St
MadisonWI53704
5192 Sassafras Dr
MadisonWI53713
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$1,6751 Bedroom Apartments Available Now
933 Spaight St, Unit 3
933 Spaight StMadison, WI 53703
Madison's Best Affordable Neighborhoods
Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer
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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 | $2,070 | $1,275 | $2,950 |
| Monona 3 Bedroom Homes for Rent | $2,828 | $2,150 | $3,500 |
| Monona 4 Bedroom Homes for Rent | $2,800 | $1,650 | $3,950 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 1 Bed unit found at The Post in the Downtown Madison neighborhood priced from $759. 3401 Dawes St in the Near East Side neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $860. 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 |
| 3401 Dawes St | 1bed1bath | 1BR,1BA | $860 |
| Colonial Apartments | Studio | Studio,1BA | $990 |
| 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 July 28, 2026 the best value apartment in the Monona area is the $1.13 price per square foot 3x2.5TH Model at Broadway Lofts and Townhomes in the in the Pflaum Road neighborhood starting from $1,577. The second greatest value Monona apartment is the C1 Floor Plan (50LMI Income Restricted) Model at Pinney Lane starting at $1,575 with a $1.16 price per square foot in the Eastmorland 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. |
|---|---|---|---|
| Broadway Lofts and Townhomes | 3x2.5TH | 3BR,2.5BA | $1.13 |
| Pinney Lane | C1 Floor Plan (50LMI Income Restricted) | 3BR,2.5BA | $1.16 |
| The Royal | A Floor Plan (60LMI Income Restricted) | 2BR,2BA | $1.38 |
| Kensington Pointe Apartments | 2bdrr | 2BR,1BA | $1.44 |
| 3401 Dawes St | 2bed1bath | 2BR,1BA | $1.23 |
| 5800 Bjelde Ln | 10 | 1BR,1BA | $1.22 |
| Williamstown Bay East | Williamstown Bay East - 102 | 2BR,1BA | $1.30 |
| Pirate Island Apartments | Waterside 1br | 1BR,1BA | $1.40 |
| The Life at Madison Grove | 2 BED 1 BATH | 2BR,1BA | $1.18 |
| 269 Waubesa St | 269 Waubesa St | 1BR,1BA | $1.29 |
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.
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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.
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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 246 Apartments for Rent in Monona, WI with pricing that ranges from $771 to $4,500. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monona ranging from $1,100 to $3,950.
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 $1,100 to $3,950 with an average monthly rent of $2,327.
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.
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Finding Your Place in Madison: Neighborhoods Close to the Citys 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.
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Madison is Wisconsin’s capital city and its second-largest city, with a population of more than 260,000.
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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.
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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.
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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.