125 E Gorham St
MadisonWI53703
Cheap Homes for Rent in Monona, WI from $1,000 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Monona.
121 E Gorham St
MadisonWI53703
33 Sherman Terrace
MadisonWI53704
129 E Gorham St
MadisonWI53703
6311 Ford St
MononaWI53716
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.
3502 Dawes St
MadisonWI53714
123 E Gorham St
MadisonWI53703
2 Sherman Terrace
MadisonWI53704
614 Femrite Dr
MononaWI53716
3162 Daley Dr
MadisonWI53714
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.
137 E Gorham St
MadisonWI53703
Showing Results 1-11, 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 | $1,835 | $1,190 | $2,845 |
| Monona 3 Bedroom Homes for Rent | $2,440 | $1,750 | $3,700 |
| Monona 4 Bedroom Homes for Rent | $3,593 | $2,970 | $4,000 |
| Monona 5 Bedroom Homes for Rent | $3,200 | $3,000 | $3,400 |
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 Rise-Madison in the Near East Side neighborhood priced from $639. Eagle Harbor in the Near East Side neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $686. Here is today’s list of the most affordable Monona apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rise-Madison | 1 Bed / 1 Bath | 1BR,1BA | $639 |
| Eagle Harbor | 2 Bedroom 1 Bathroom | 2BR,1BA | $686 |
| Broadway Lofts and Townhomes | 2x2 | 2BR,2BA | $784 |
| Nature Valley Apartments | Studio | Studio,1BA | $895 |
| Lake Point Terrace | Reef | 1BR,1BA | $976 |
Best Value Apartments for Rent in Monona, WI
As of December 22, 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 813 Williamson St Model at 813 Williamson St, Unit #1 starting at $2,100 with a $1.40 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. |
|---|---|---|---|
| Glendale Townhomes | 2B/1.5bath | 2BR,2BA | $1.19 |
| 813 Williamson St, Unit #1 | 813 Williamson St | 3BR,1BA | $1.40 |
| Carbon at Union Corners | 3x2 Income restricted | 3BR,2BA | $1.41 |
| Colonial Apartments | 1 Br | 1BR,1BA | $1.18 |
| 914-16 N Oak St | 2Bedroom | 2BR,1BA | $1.33 |
| Executive East Apartments | 1 Bedroom/1 Bathroom | 1BR,1BA | $1.16 |
| Mcfarland Williamstown Bay (55+) | 2.1 | 2BR,1BA | $1.35 |
| The Life at Madison Grove | 2 BED 1 BATH | 2BR,1BA | $1.18 |
| Lake Point Drive Apartments | 2 Bed/ 1 Bath | 2BR,1BA | $1.38 |
| Lake Point Terrace | Reef | 1BR,1BA | $1.39 |
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 Article
The 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
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 238 Apartments for Rent in Monona, WI with pricing that ranges from $887 to $4,500. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monona ranging from $1,095 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 $1,095 to $4,000 with an average monthly rent of $2,374.
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 $1,226 to $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $3,700. Four Bedroom Single-Family rentals are also available starting from $2,970 and Four Bedroom Apartments start at $1,945.
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.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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!