I'm not originally a Python guy, but when I’m forced to work with Django, what I do for models and settings and such is just creating a barrel module, that is—instead of models.py, have models/__init__.py that imports (and thus re-exports) everything from every file in the models folder. Then I can have a single model per file, as it should be.
I’ll never understand the conventions of Python land, but at least the language is flexible enough to do it properly.