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Rental Market Trends in Monona, WI

What is the average rent in Monona, WI?

$1,293/month

Average Rent

741 Sq Ft

Average Apartment Size

+3.2%

Increase in the Last Year

As of October 2025, the average rent in Monona, WI is $1,293 per month. This is 21% lower than the national average rent of $1,630/month, making renting in Monona more affordable than most cities in the US. When you rent an apartment in Monona, you can expect to pay about $1,140 per month for a studio, $1,293 for a one-bedroom apartment, and around $1,746 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,479 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,140/month
575 Sq Ft
One Bedroom
$1,293/month
741 Sq Ft
Two Bedroom
$1,746/month
1,098 Sq Ft
Three Bedroom
$2,479/month
1,403 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Monona, WI?

In the past year, rent has increased by 3.2%, which averages out to $42 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated October 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Monona, WI
Last Updated October 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Monona, WI
Percentage*
Rent Range
0% Below $700/month
7% $700 - $1,000/month
53% $1,001 - $1,500/month
40% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Monona, WI?

Because the average rent in Monona is $1,293, you’ll want to make about $4,310 per month or $51,720 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Monona, WI

181 Available Apartments for Rent

Search for Nearby Apartments

How does Monona, WI compare to other nearby cities and neighborhoods?

Use the tool below to compare Monona, WI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Monona, WI

Apartment Averages

Nearby City Rent Trends

  • Maple Bluff Average Rent
  • Madison Average Rent
  • Cottage Grove Average Rent
  • Fitchburg Average Rent
  • Middleton Average Rent
  • Sun Prairie Average Rent

Apartment communities in Monona we think you'll love

Bloom Monona LLC

Bloom Monona LLC

4607 Monona Dr,
Monona, WI 53716

Call for Rent

1 Bed

Fairway Glen Apartments

Fairway Glen Apartments

5001 Monona Dr,
Monona, WI 53716

$1,875

2 Beds

Besa Monona

Besa Monona

6501 Bridge Rd,
Monona, WI 53713

$1,450 - $2,250

Studio - 2 Beds

Dutch Mill Homes

Dutch Mill Homes

4702 Dutch Mill Rd,
Madison, WI 53716

$1,250 - $3,000

3 Beds

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United States Wisconsin Monona Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity