
Cheap Apartments for Rent in the Walnut Neighborhood of Irvine, CA from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Walnut area of Irvine.


11 Palamedes

Windrow Apartments

13383 Savanna, Unit 13382

Casa Cortez Apartments

Pacific Pointe
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Avalon Apartments

McFadden Village Apartments

Woodside Garden Apartments

Villa de Hacienda

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TUSTIN LANAI APARTMENTS
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Nogal Feliz
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 | $2,736 | $2,235 | $3,745 |
| Walnut 1 Bedroom Apartments | $3,210 | $2,025 | $4,900 |
| Walnut 2 Bedroom Apartments | $3,959 | $2,600 | $5,830 |
| Walnut 3 Bedroom Apartments | $5,082 | $3,455 | $8,435 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Walnut Neighborhood of Irvine, CA.
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Walnut, Irvine, CA Local Guide
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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 Casa Cortez Apartments priced from $2,025. Pacific Pointe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,100. Here are the most affordable Walnut apartments for rent in Irvine, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Casa Cortez Apartments | 1 Bedroom | 1BR,1BA | $2,025 |
| Pacific Pointe | 1 Bedroom / 1 Bath | 1BR,1BA | $2,100 |
| Terra at Tustin | 1 Bedroom / 1 Bath - Standard | 1BR,1BA | $2,190 |
| Deerfield Apartment Homes | Plan 1 | Studio,1BA | $2,235 |
| San Mateo Apartment Homes | Plan A | Studio,1BA | $2,240 |
Best Value Apartments for Rent in Walnut, CA
As of March 23, 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 $4,664. The second greatest value Walnut apartment is the 2x2 Rancho Model at Waterstone Garden starting at $2,795 with a $2.33 price per square foot in the Lemon Heights 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 |
| Waterstone Garden | 2x2 Rancho | 2BR,2BA | $2.33 |
| Solana Apartment Homes | Plan K | 1BR,1BA | $3.00 |
| Briarwood Apartments | Plan C | 2BR,2BA | $3.06 |
| Castilian and Cordova Apartment Homes | Cordova C | 2BR,1BA | $3.01 |
| San Remo Villa Apartment Homes | Plan 2 | 1BR,1BA | $3.08 |
| Heritage Point | Plan F | 2BR,1BA | $3.19 |
| Casa Cortez Apartments | 1 Bedroom | 1BR,1BA | $2.70 |
| 147 Terra at Tustin | 1 Bedroom / 1 Bath - Ulta | 1BR,1BA | $2.97 |
| Pacific Pointe | 1 Bedroom / 1 Bath - Tiled Bathroom | 1BR,1BA | $3.20 |
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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 $2,455.
What is the price of a cheap apartment in Walnut?
The cheapest apartment in Walnut is Casa Cortez Apartments which is listed at $2,025, 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 112 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 $559 which is $3,436 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

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.

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.