
Cheap Apartments for Rent in the Walnut Street Neighborhood of Springfield, MO from $500 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Walnut Street area of Springfield.


El Madrid

East Manor Apartments

320 S Florence Ave

Spirit of St. Louis

1420 E Cherry St, Unit CH 4

1009 E Walnut St
Walnut Street, Springfield, MO Local Guide

How much does it cost to rent an apartment in Walnut Street?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Walnut Street Studio Apartments | $886 | $675 | $1,118 |
Walnut Street 1 Bedroom Apartments | $1,087 | $695 | $2,465 |
Walnut Street 2 Bedroom Apartments | $1,143 | $730 | $2,425 |
Walnut Street 3 Bedroom Apartments | $1,427 | $808 | $1,800 |
Walnut Street 4 Bedroom Apartments | $1,187 | $589 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Walnut Street Neighborhood of Springfield, MO.
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Walnut Street, Springfield, MO Local Guide
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Cheapest Available Walnut Street Apartments for Rent
 The cheapest available apartment rental in the Walnut Street area of Springfield, MO is a 1 Bed unit found at El Chaparral Apartments priced from $695. Cherry Plaza has the second lowest priced unit, which is a 2 Beds apartment currently listed from $775. Here are the most affordable Walnut Street apartments for rent in Springfield, MO:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
El Chaparral Apartments | El Chaparral 1 Bedroom, 1 Bathroom | 1BR,1BA | $695 |
Cherry Plaza | 2 Bedroom Units Available - Close to Downtown &... | 2BR,2BA | $775 |
Embassy Apartments | Embassy Apartments - Close to MSU, Downtown Spf... | 2BR,1BA | $775 |
El Madrid | El Madrid 2 Bedroom, 1 Bathroom | 2BR,1BA | $795 |
Spirit of St. Louis | Studio | 1BR,1BA | $800 |
Best Value Apartments for Rent in Walnut Street, MO
As of March 27, 2025 the best value apartment in the Walnut Street area is the $1.22 price per square foot B - 4 Bed/2 Bath July Model at Walnut Home - Behind Greek Row! in the in the Central neighborhood starting from $2,200. The second greatest value Walnut Street apartment is the 4x4 Boulder E Model at Aspen Heights Springfield starting at $790 with a $0.50 price per square foot in the Central neighborhood. Here is today’s list of the best values for Walnut Street apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Walnut Home - Behind Greek Row! | B - 4 Bed/2 Bath July | 4BR,2BA | $1.22 |
Aspen Heights Springfield | 4x4 Boulder E | 4BR,4BA | $0.50 |
Bear Place | 3 Bedroom/3 Bath, June 1 | 3BR,3BA | $1.00 |
Artifacts Warehouse Lofts | 3 Bedroom | 3BR,2BA | $1.20 |
East Manor Apartments | East Manor 2 Bedroom, 1 Bathroom | 2BR,1BA | $0.83 |
Heers Luxury Living | 1 Bedroom ADA | 1BR,1BA | $1.48 |
Embassy Apartments | Embassy Apartments - Close to MSU, Downtown Spf... | 2BR,1BA | $0.87 |
Elevate Student Living - Deep Elm | D1 | 2BR,2BA | $0.97 |
Cherry Plaza | 2 Bedroom Units Available - Close to Downtown &... | 2BR,2BA | $1.03 |
El Madrid | El Madrid 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.20 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleWalnut Street, Springfield, MO
Ranked #26
Among neighborhoods in Springfield, MO for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Walnut Street Neighborhood in Springfield, MO
Walk Score®
72 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
75 / 100
Very Bikeable
Biking is convenient for most trips
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Walnut Street Apartments
What is the price of a cheap apartment in Walnut Street?
The cheapest apartment in Walnut Street is El Chaparral Apartments which is listed at $695, while the average apartment in Walnut Street costs $3,690.
What types of apartments are the cheapest in Walnut Street?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 17 regular apartments in Walnut Street that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Walnut Street?
Cheap apartments in Walnut Street have an average cost of $303 which is $3,387 cheaper than the average rent for all rentals in Walnut Street.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.