A new and distinct cultivar of Caladium plant named ‘Monument’, characterized by its compact, short to intermediate, upright and uniformly mounded plant habit; vigorous growth habit and very rapid growth rate; fancy-type leaves with medium green-colored venation, areas surrounding the veins and margins; white and/or white and pink-colored interveinal areas; and green-colored areas marked with white or pink-colored flecks and speckles; and relatively high yield of the largest grade tubers.