Cheap Apartments for Rent in the Walnut Street Neighborhood of Springfield, MO from $500 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Walnut Street area of Springfield.

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Alexandria Apartments
2 Bedroom Apartments

Alexandria Apartments

1230 E McDaniel StSpringfield, MO 65802
  • Utilities Included
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Ambassador Apartments
Studio to 2 Bedroom Apartments

Ambassador Apartments

1235 Elm StSpringfield, MO 65802
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H & T Apartments
1 to 2 Bedroom Apartments

H & T Apartments

1222 E Elm StSpringfield, MO 65802
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Regency Towers
1 to 2 Bedroom Apartments

Regency Towers

634 S National AveSpringfield, MO 65804
  • Utilities Included

Walnut Street, Springfield, MO Local Guide

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 ListingModel NameBed/BathPriced From
El Chaparral ApartmentsEl Chaparral 1 Bedroom, 1 Bathroom1BR,1BA$695
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$775
Embassy ApartmentsEmbassy Apartments - Close to MSU, Downtown Spf...2BR,1BA$775
El MadridEl Madrid 2 Bedroom, 1 Bathroom2BR,1BA$795
Spirit of St. LouisStudio1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Walnut Home - Behind Greek Row!B - 4 Bed/2 Bath July4BR,2BA$1.22
Aspen Heights Springfield4x4 Boulder E4BR,4BA$0.50
Bear Place3 Bedroom/3 Bath, June 13BR,3BA$1.00
Artifacts Warehouse Lofts3 Bedroom3BR,2BA$1.20
East Manor ApartmentsEast Manor 2 Bedroom, 1 Bathroom2BR,1BA$0.83
Heers Luxury Living1 Bedroom ADA1BR,1BA$1.48
Embassy ApartmentsEmbassy Apartments - Close to MSU, Downtown Spf...2BR,1BA$0.87
Elevate Student Living - Deep ElmD12BR,2BA$0.97
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$1.03
El MadridEl Madrid 2 Bedroom, 1 Bathroom2BR,1BA$1.20

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Pet Friendly Lifestyle
Walnut Street, Springfield, MO

Ranked #26

Among neighborhoods in Springfield, MO for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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

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.

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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.

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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.

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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.

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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.