
Cheap Apartments for Rent in the Walnut Neighborhood of Irvine, CA from $500 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Walnut area of Irvine.


Windrow Apartments

2936 Ballesteros Ln

155 Pinewood Apartments

112 Pacific Pointe Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Casa Cortez Apartments

1762 San Juan St, Unit 15

Avalon Apartments

McFadden Village Apartments

Woodside Garden Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Villa de Hacienda

Westchester Park Apartments

TUSTIN LANAI APARTMENTS

Nogal Feliz

Castilian and Cordova Apartment Homes
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Walnut, Irvine, CA Local Guide

How much does it cost to rent an apartment in Walnut?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Walnut Studio Apartments | $2,461 | $1,890 | $3,980 |
| Walnut 1 Bedroom Apartments | $2,924 | $2,025 | $4,660 |
| Walnut 2 Bedroom Apartments | $3,446 | $2,600 | $5,570 |
| Walnut 3 Bedroom Apartments | $4,052 | $3,550 | $4,980 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Walnut Neighborhood of Irvine, CA.
See all Apartments in IrvineExplore Irvine
Walnut, Irvine, CA Local Guide
- Nearby Irvine neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Walnut Apartments for Rent
 The cheapest available apartment rental in the Walnut area of Irvine, CA is a Studio unit found at 112 Pacific Pointe Apartments priced from $1,945. TUSTIN LANAI APARTMENTS has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,960. Here are the most affordable Walnut apartments for rent in Irvine, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 112 Pacific Pointe Apartments | Studio - Tiled Bathroom | Studio,1BA | $1,945 |
| TUSTIN LANAI APARTMENTS | 1 bedroom 1 bath | 1BR,1BA | $1,960 |
| Casa Cortez Apartments | 1 Bedroom | 1BR,1BA | $2,025 |
| Castilian and Cordova Apartment Homes | Castilian A | 1BR,1BA | $2,055 |
| Waterstone Garden | 1+1 | 1BR,1BA | $2,195 |
Best Value Apartments for Rent in Walnut, CA
As of January 27, 2026 the best value apartment in the Walnut area is the $2.95 price per square foot Plan B Model at Tustin Cottages in the in the Lemon Heights neighborhood starting from $4,662. The second greatest value Walnut apartment is the Plan 2 Model at San Remo Villa Apartment Homes starting at $2,795 with a $3.03 price per square foot in the Walnut Village neighborhood. Here is today’s list of the best values for Walnut apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Tustin Cottages | Plan B | 4BR,3BA | $2.95 |
| San Remo Villa Apartment Homes | Plan 2 | 1BR,1BA | $3.03 |
| 14101 Browning | 1bd1ba | 1BR,1BA | $2.66 |
| Waterstone Garden | 1+1 | 1BR,1BA | $2.51 |
| 1762 San Juan St, Unit 15 | 1762 San Juan St | 1BR,1BA | $2.80 |
| Casa Cortez Apartments | 1 Bedroom | 1BR,1BA | $2.70 |
| TUSTIN LANAI APARTMENTS | 1 bedroom 1 bath | 1BR,1BA | $2.61 |
| 147 Terra at Tustin | 1 Bedroom / 1 Bath - Ulta | 1BR,1BA | $2.97 |
| Walnut East | Plan A | 1BR,1BA | $2.97 |
| Castilian and Cordova Apartment Homes | Castilian A | 1BR,1BA | $2.99 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Walnut, Irvine, CA
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Walnut, Irvine, and the greater Irvine area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Walnut Apartments
What is a cheap apartment in Walnut?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Walnut is under $2,275.
What is the price of a cheap apartment in Walnut?
The cheapest apartment in Walnut is TUSTIN LANAI APARTMENTS which is listed at $1,960, while the average apartment in Walnut costs $3,995.
What types of apartments are the cheapest in Walnut?
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 84 regular apartments in Walnut 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?
Cheap apartments in Walnut have an average cost of $731 which is $3,264 cheaper than the average rent for all rentals in Walnut.
Expert Rental Resources
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.
Articles, How-To's, and Tips

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.