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Rental Market Trends in Monona, WI

Updated July 2026

The average rent in Monona, WI is $1,328/month.

Rent in Monona is 20% lower than the national average rent of $1,662/month, making this one of the less expensive cities statewide.

$1,328/month

Average Rent

764 Sq Ft

Average Size

-1.3%

Change / Year

423

Available Apartments

Monona rent varies by unit size and layout:

  • Studio apartments in Monona average $1,291 per month.
  • One-bedroom apartments in Monona average $1,328 per month.
  • Two-bedroom apartments in Monona average $1,977 per month.
  • Three-bedroom apartments in Monona average $2,664 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,291/month
566 Sq Ft
One Bedroom
$1,328/month
764 Sq Ft
Two Bedroom
$1,977/month
1,094 Sq Ft
Three Bedroom
$2,664/month
1,420 Sq Ft
View Monona Apartments

How much has average rent changed in Monona, WI?

In the past year, rent has decreased by 1.3%, which averages out to $17 less per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Monona, WI

July 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Monona, WI
Percentage*
Rent Range
0% Below $700/month
6% $700 - $1,000/month
53% $1,001 - $1,500/month
29% $1,501 - $2,000/month
12% Above $2,000/month

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

Because the average rent in Monona is $1,328, you’ll want to make about $4,426 per month or $53,112 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

423 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.

View the Monona Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Madison

    Madison

Apartment Communities in Monona We Think You'll Love

Bloom Monona Apartments

Bloom Monona Apartments

4607 Monona Dr,
Monona, WI 53716

Studio - 3 Beds | $1,490 - $4,500

Current 1 & 2

Current 1 & 2

800 W Broadway,
Monona, WI 53713

Studio - 3 Beds | $1,495 - $2,850

Mira

Mira

5103 Monona Dr,
Madison, WI 53716

Studio - 2 Beds | $1,375 - $2,100

Pirate Island Apartments

Pirate Island Apartments

706 Pirate Island Rd,
Monona, WI 53716

1-2 Beds | $1,120 - $1,675

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Frequently Asked Questions

What is the average rent in Monona?

The average rent in Monona is $1,328 per month, which is 20.1% lower than the national average of $1,662.

Are rents going up or down in Monona?

Rents in Monona, WI are decreasing, with prices down 1.3% year-over-year and $17 less per month.

What rent range is most common in Monona?

In Monona, WI, 53% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

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 June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity