Cheap Apartments for Rent in the Walnut Neighborhood of Irvine, CA from $500 (56 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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Cash 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.

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Axiom Tustin
$2,231 - $3,491
Total Monthly Price

Total Monthly Price

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$2,231 - $3,491
Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Axiom Tustin

13843 Tustin East DrTustin, CA 92780
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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.

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Avalon Apartments
1 to 3 Bedroom Apartments

Avalon Apartments

14382 Red Hill AveTustin, CA 92780
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Villa de Hacienda
Studio to 2 Bedroom Apartments

Villa de Hacienda

1260-1280 Walnut AveTustin, CA 92780
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Nogal Feliz
Studio to 2 Bedroom Apartments

Nogal Feliz

17272 Walnut AveTustin, CA 92780
Corporate Housing
  • Utilities Included

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.

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Walnut, Irvine, CA Local Guide

Cheapest Available Walnut Apartments for Rent

 

The cheapest available apartment rental in the Walnut area of Irvine, CA is a 1 Bed unit found at TUSTIN LANAI APARTMENTS priced from $1,999. Casa Cortez Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,120. Here are the most affordable Walnut apartments for rent in Irvine, CA:

Apartment ListingModel NameBed/BathPriced From
TUSTIN LANAI APARTMENTS1 bedroom 1 bath1BR,1BA$1,999
Casa Cortez Apartments1 Bedroom1BR,1BA$2,120
Pacific Pointe1 Bedroom / 1 Bath - Tiled Bathroom1BR,1BA$2,125
Castilian and Cordova Apartment HomesCordova A1BR,1BA$2,155
147 Terra at Tustin1 Bedroom / 1 Bath - Ulta1BR,1BA$2,225
Axiom Tustin0 Bed, 1 Bath (503 Sq. Ft.)Studio,1BA$2,231
Nogal FelizPlan A1BR,1BA$2,300
Northwood PlacePlan A1BR,1BA$2,395
Meridian at The Market PlacePlan 1Studio,1BA$2,395
Windwood Knoll Apartment HomesPlan 11BR,1BA$2,475

Best Value Apartments for Rent in Walnut, CA

As of May 07, 2026 the best value apartment in the Walnut area is the $2.57 price per square foot Plan A Model at Tustin Cottages in the in the Lemon Heights neighborhood starting from $4,059. The second greatest value Walnut apartment is the Plan F1 Model at Solana Apartment Homes starting at $4,395 with a $2.97 price per square foot in the Lower Pete's Canyon neighborhood. Here is today’s list of the best values for Walnut apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tustin CottagesPlan A3BR,2.5BA$2.57
Solana Apartment HomesPlan F13BR,2BA$2.97
Coventry Court Luxury SeniorTara2BR,2BA$2.99
Waterstone Garden2x2 Rancho2BR,2BA$2.33
14101 Browning2bd2ba2BR,2BA$2.46
Deerfield Apartment HomesPlan 52BR,2BA$2.82
San Remo Villa Apartment HomesPlan 21BR,1BA$2.89
Casa Cortez Apartments1 Bedroom1BR,1BA$2.83
147 Terra at Tustin1 Bedroom / 1 Bath - Prima1BR,1BA$3.03
TUSTIN LANAI APARTMENTS1 bedroom 1 bath1BR,1BA$2.67

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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Walnut, Irvine, CA

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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 $2,475.

What is the price of a cheap apartment in Walnut?

The cheapest apartment in Walnut is TUSTIN LANAI APARTMENTS which is listed at $1,999, while the average apartment in Walnut costs $4,250.

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 89 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 $563 which is $3,687 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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.