Rentometer, Inc. | Data as of 10/22/2025
Monona’s rental market blends the charm of a small‑city setting with the convenience of close proximity to Madison’s cultural and employment hubs. Renters enjoy a variety of housing options, from modern studio apartments to spacious three‑bedroom homes, many of which benefit from scenic views of Lake Monona and easy access to the city's vibrant downtown district. Popular neighborhoods such as the historic Riverfront area and the family‑friendly Monona Terrace community offer a mix of tree‑lined streets, parks, and local boutiques, making them attractive choices for young professionals and growing families alike. With pedestrian‑friendly pathways, well‑maintained bike trails, and a range of dining and entertainment venues, the city fosters an active, community‑oriented lifestyle.
In terms of pricing, studio and one‑bedroom apartments in Monona generally trend in the $1,200‑$1,400 range, while larger two‑ and three‑bedroom units and three‑bedroom houses typically fall within the $1,700‑$2,400 bracket. These figures reflect a balanced market that accommodates a broad spectrum of renters seeking quality accommodations in Wisconsin. The city’s strong rental appeal is further enhanced by its excellent schools, convenient public transportation links to Madison, and nearby attractions such as the Monona Terrace Convention Center and the beautiful Olin Park. Whether searching for a sleek downtown apartment or a comfortable family house, Monona offers a welcoming environment and a dynamic rental landscape that continues to attract residents from across the region.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,298 | $1,375 | $1,050 - $1,500 | $1,150 - $1,415 |
| Apartment | 1 Bedroom | $1,286 | $1,229 | $725 - $1,850 | $1,125 - $1,450 |
| Apartment | 2 Bedroom | $1,750 | $1,750 | $784 - $2,900 | $1,395 - $1,965 |
| Apartment | 3 Bedroom | $2,213 | $2,395 | $1,481 - $2,400 | $2,395 - $2,395 |
| House | 3 Bedroom | $2,298 | $2,322 | $1,600 - $2,950 | $2,295 - $2,950 |
In the current period, the average rent in Monona was
$1,298 for Studio,
$1,308 for 1 Bedroom,
$1,751 for 2 Bedroom, and
$2,251 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.