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Studio Apartments for Rent in Monona, WI

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  • /67

    Starting at $1,250 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

    (608) 949-8549

    5103 Monona Dr, Madison, WI 53716
  • /75

    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

    (855) 686-4941

    4607 Monona Dr, Monona, WI 53716
  • /95

    Starting at $1,485 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

    (608) 527-0083

    800 W Broadway, Monona, WI 53713
  • /29

    Starting at $1,020

    Total Monthly Price

    • Studio - 2 Beds

    706 Pirate Island Rd, Monona, WI 53716

    Credit Score of 675+ REQUIREDSMOKE FREE Looking for a prime apartment with unbeatable location, tranquility, and exceptional maintenance? Now’s your chance!Located conveniently off the Beltline and just 7 minutes from downtown Madison, Pirate Island Monona offers a unique, secluded setting on its very own island—the perfect retreat with everything you need right at your

    Pirate Island Apartments

    (608) 292-4550

    706 Pirate Island Rd, Monona, WI 53716
  • /33

    Starting at $1,495

    Total Monthly Price

    • Studio - 2 Beds

    3914 Monona Dr, Madison, WI 53716

    Welcome to the Fitzgerald, destined to be known as The Fitz, or if you’re a literary lover, the F. Scott, or if you’re a lover of high-end apartment living, the newest, most beautiful, luxury apartment home in Madison, Wisconsin, located on fabulous Monona Drive with views of the lake, Olbrich Gardens, and just about everything you can imagine, including imagining yourself as a star socialite in

    The Fitzgerald

    (608) 571-1931

    3914 Monona Dr, Madison, WI 53716
  • /50

    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

    (608) 999-4549

    3819 Monona Dr, Monona, WI 53714

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 $2,085 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes and townhouses 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 $83,400 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 $2,085 per month in Monona, WI, renters typically need to show $6,255 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 19.2, 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 Atwood, Downtown Madison, Tenney-Lapham, East Madison and Greenbush, each with its own character and price range.

Rental Home Trends in Monona, WI

Rental Home Trends

Number of Homes for Rent
6
Median Rent
$2,085
Median Single Family Home Rent
$1,975
Median Townhouse Rent
$3,000
Median Condo Rent
$1,748
How to Rent a Home