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.

property at 15316 Montpellier Ave

$1,105

Total Monthly Price

Total Monthly Price

Base Rent
$1,105
Total Monthly Price
$1,105

1 Bedroom, 1 Bath Home for Rent

Available Now

15316 Montpellier Ave

IrvineCA92604

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
$2,201 - $3,131
Total Monthly Price

Total Monthly Price

Base Rent
$2,201 - $3,131
Total Monthly Price
Varies
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
  • Utilities Included
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Villa de Hacienda
Studio to 2 Bedroom Apartments

Villa de Hacienda

1260-1280 Walnut AveTustin, CA 92780
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 155 Pinewood Apartments priced from $2,125. Pacific Pointe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,125. Here are the most affordable Walnut apartments for rent in Irvine, CA:

Apartment ListingModel NameBed/BathPriced From
155 Pinewood Apartments1 Bedroom / 1 Bath1BR,1BA$2,125
Pacific Pointe1 Bedroom / 1 Bath - Tiled Bathroom1BR,1BA$2,125
Castilian and Cordova Apartment HomesCordova A1BR,1BA$2,150
147 Terra at Tustin1 Bedroom / 1 Bath - Ulta1BR,1BA$2,225
Meridian at The Market PlacePlan 1Studio,1BA$2,300
San Mateo Apartment HomesPlan AStudio,1BA$2,315
Deerfield Apartment HomesPlan 1Studio,1BA$2,330
Axiom Tustin1 Bed, 1 Bath (696 Sq. Ft.)1BR,1BA$2,391
Nogal FelizPlan A1BR,1BA$2,400
Northwood PlacePlan A1BR,1BA$2,405

Best Value Apartments for Rent in Walnut, CA

As of June 22, 2026 the best value apartment in the Walnut area is the $2.99 price per square foot Plan B Model at Tustin Cottages in the in the Lemon Heights neighborhood starting from $4,738. The second greatest value Walnut apartment is the Tara Model at Coventry Court Luxury Senior starting at $4,467 with a $3.08 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 B4BR,3BA$2.99
Coventry Court Luxury SeniorTara2BR,2BA$3.08
Waterstone GardenTownhome3BR,1.5BA$2.47
Country Squire Apartments2+1.5 Townhome2BR,1.5BA$2.60
San Remo Villa Apartment HomesPlan 32BR,2BA$3.01
Briarwood ApartmentsPlan C2BR,2BA$2.76
Casa Cortez Apartments2 bedroom2BR,1BA$2.55
147 Terra at Tustin1 Bedroom / 1 Bath - Ulta1BR,1BA$2.97
Castilian and Cordova Apartment HomesCastilian A1BR,1BA$3.17
Pacific Pointe1 Bedroom / 1 Bath - Tiled Bathroom1BR,1BA$3.20

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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Best Local Schools in
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 the Cheapest Studio apartment in Walnut?

Currently the most affordable Cheap Studio Apartment in Walnut is at Meridian at The Market Place listed at $2,300.

How much is rent for a Cheap One Bedroom Walnut Apartment?

The lowest price for a Cheap One Bedroom Walnut Apartment is $2,125 at 155 Pinewood Apartments.

What is the lowest price for a Cheap Two Bedroom Walnut Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Walnut is starting from $2,550 at Casa Cortez Apartments.

What is the most affordable Walnut Three Bedroom Apartment?

The best deal on a cheap Walnut Three Bedroom Apartment rental is at Waterstone Garden and starts from $3,454.

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.