At $1,820/mo, rent takes about 25% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,820 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
30% of the median household income ($87,773) is $2,194 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,193).
From Zillow's monthly rent index (ZORI) for Monona. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Monona, WI is roughly split between renters and owners, has a large retiree population, 58.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Monona, WI has changed in 5 years
On the earnings side, the typical household in Monona, WI now reports about $87,773, up from $82,579 in 2021. Renters now make up 46.4% of households, compared with 42.3% five years ago. College-educated residents now make up 58.3% of adults here, versus 53.6% in 2021.
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Can you afford rent in Monona on your salary?
At $1,820/mo, how Monona rent compares to typical pay (30% rule).
Monona rent by bedroom count
Median rent for each apartment size in Monona. Click any size for full breakdown.
Tips for renters in Monona
Last updated: October 17, 2026
The median rent in Monona is $1,820/mo as of October 2026. A studio apartment averages $1,565/mo while a 2-bedroom runs $1,402/mo. One-bedroom apartments average $986/mo and 3-bedroom units go for $2,193/mo.
At 25% of local median household income ($87,773/yr), Monona ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
How much income do you need to rent in Monona?
Is rent going up or down in Monona?
How does Monona rent compare to other cities in Wisconsin?
Which nearby cities are cheaper to rent in than Monona?
At $1,820/mo, rent takes ~25% of Monona's median household income ($87,773/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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