This paper presents a compact broadband printed monopole antenna with U-shaped slit in the partial ground plane and rectangular parasitic patches adjacent to the microstrip line for multiple applications. The optimal dimensions of the proposed antenna are 35 × 25 × 1.5 mm3 and is fabricated on commercially available low-cost FR4 substrate with εr = 4.3 and 0.025 loss tangent. Due to introduction of rectangular parasitic patches and U-shaped slit large bandwidth has been achieved. The impedance bandwidth (return loss, magnitude of S11 < 10 dB) of the proposed antenna is 139% (2.9–16.3 GHz). The proposed antenna covers ultra wide band applications, 5.2/5.8 GHz WLAN bands, 3.5/5.5 GHz WiMAX bands, X band (8–12 GHz), satellite communication, and other wireless communication services. The study shows that there is good agreement in simulated and measured results. Nearly stable radiation patterns have been obtained throughout the operating band. Antenna results and details are discussed and elaborated.