28

Studio Apartments for Rent in Monona, WI

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  • /94

    Starting at $1,495 Per Month

    • Studio - 3 Beds

    800 W Broadway, Monona, WI 53713

    If you live in Monona, WI or are soon to be a resident, this is the place to be! You’ll love this building and the view of the riverfront! These beautiful brand-new spacious units have a modern open floor plan with a breakfast bar, stainless steel appliances, washer/dryer in units, and plenty of natural lighting. Also, onsite for your convenience is a fitness center, a rooftop terrace,

    Current 1 & 2

    800 W Broadway, Monona, WI 53713
  • /4

    Starting at $1,560 Per Month

    • Studio - 2 Beds

    100 River Place, Monona, WI 53716

    Introducing Waterfront at River Place, our newest luxury apartment community at 100 River Place in Monona, WI. Set along a scenic inlet of the Yahara River, this six-story community is anticipated to open in February 2027 and offer luxury apartment living in Monona.Waterfront at River Place offers a variety of floor plans tailored to your lifestyle, including studio, one-bedroom,

    Waterfront at River Place

    100 River Place, Monona, WI 53716
  • /86

    Starting at $1,325 Per Month

    • Studio - 2 Beds

    5103 Monona Dr, Madison, WI 53716

    Welcome to 5103 Monona Drive, a premier apartment complex located in the heart of Monona, WI. This property offers a range of amenities designed to enhance your living experience. Enjoy the convenience of an on-site Fitness Center, fully equipped with modern exercise machines to keep you fit and healthy. The Community Room is a perfect place to socialize, relax, or engage in recreational

    Mira

    5103 Monona Dr, Madison, WI 53716
  • /59

    Starting at $1,395 Per Month

    • Studio - 3 Beds

    4607 Monona Dr, Monona, WI 53716

    We are open Saturdays and Sundays by appointment! Please reach out to our leasing team to schedule a tour at Bloom, where you can upgrade your living space!

    Bloom Monona Apartments

    4607 Monona Dr, Monona, WI 53716
  • /70

    Starting at $1,165 Per Month

    • Studio - 2 Beds

    5001 Monona Dr, Monona, WI 53716

    Discover the perfect blend of comfort and convenience in our apartment community featuring 52 thoughtfully designed units. Located within a 7-mile radius of the University of Wisconsin-Madison, Downtown Madison, and Madison Regional Airport, Fairway Glen offers easy access to everything you need for both work and play, all while being just moments away from the Beltline Highway (12/18), I-90/39,

    Fairway Glen Apartments

    5001 Monona Dr, Monona, WI 53716
  • /29

    Starting at $1,150 Per Month

    • Studio - 2 Beds

    3819 Monona Dr, Monona, WI 53714

    Surprisingly Affordable Lakefront Living! Experience the good life in your spacious lakefront apartment home. Beautiful views of Madison's skyline. Enjoy sunsets over the Capital. Grill out and picnic on the lakefront. Easy access to the Beltline and downtown Madison. Near a large city park with beach, boat access and tennis courts, Olbrich Botanical Gardens, shopping,

    Monona Lakeview

    3819 Monona Dr, Monona, WI 53714
  • /20

    Starting at $990

    Total Monthly Price

    • Studio - 1 Bed

    5424-5430 Monona Dr, Monona, WI 53716

    ***** Winter Specials – HUGE Discounts and Year-End Pricing! *****TWO BEDROOMS FLASH SPECIAL!! - Take a whopping $100/month off your rent for 6 months when you sign a 12 month lease before 11/30/25!Credit Score of 675+ REQUIREDNo Smoking – No ExceptionsLooking for a prime apartment with unbeatable location, tranquility, and exceptional maintenance? Now’s your

    Colonial Apartments

    5424-5430 Monona Dr, Monona, WI 53716

Why Live in Monona

Monona, Wisconsin, is a vibrant community situated on the shores of Lake Monona, offering a unique blend of lakeside living and suburban charm. Known for its friendly atmosphere, Monona boasts over four miles of lake shoreline and more than 330 acres of park space, including the popular Schluter Beach and Winnequah Park, which features a castle-like play area and a community center. Residents enjoy a variety of things to do, from casual concerts to the lively Monona Community Festival. The Monona Grove School District serves the area, with highly rated schools such as Winnequah School and Monona Grove High School, known for its strong STEM program. Housing options range from modest 1960s ramblers to grand lakefront homes, with streets lined by century-old oak trees. The commercial district along Monona Drive offers dining options like Salvatore’s Tomato Pies and Waypoint Public House, alongside popular chains. While local buses are available, most residents rely on cars for transportation, with Routes 51 and 18 providing access to the greater Madison area. Downtown Madison is approximately 7 miles away, visible across the lake. Flood risks are noted near Winnequah Park due to a nearby canal.

Frequently Asked Questions

How much does it cost to rent a home in Monona, WI?
The median rent for a home in Monona, WI is $1,665 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Monona, WI?
To comfortably afford the median rent in Monona, WI, a household needs to earn roughly $66,600 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,665 per month in Monona, WI, renters typically need to show $4,995 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Monona, WI?
In Monona, WI, the price-to-rent ratio is 23.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Monona, WI are best for renting a home?
The best neighborhood for renting in Monona, WI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Marquette, Downtown Madison, Tenney-Lapham, Atwood and East Madison, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
7
Median Rent
$1,665
Median Single Family Home Rent
$1,675
Median Townhouse Rent
$1,665
Median Condo Rent
$1,600
How to Rent a Home