A fishing line monitoring apparatus includes a base support to adjustably span an ice fishing hole, a tip-up rig frame rotatably mounted to the base support, a visual and an audible alarm, and a radio transmitter assembly. The tip-up rig includes a support arm having a fishing line and reel. The visual and audible alarms provide both visual and audible indication when the fishing line is tugged. The rotating tip-up rig allows the tip-up rig frame and support arm to rotate for simple positioning and use. The transmitter includes a transmitter and a power source. The audible alarm is actuated by contacts located on a support arm and the reel, such that the audible alarm emits a series of audible beeps over when the reel spins, such as from a fish moving on the line. The transmitter transmits the audible beeps over a wireless RF signal to a remote receiver.