
Cheap Homes for Rent in Walnut Neighborhood of Irvine, CA from $3,000 (3 Rentals)
Search the lowest-cost Homes 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.

5 Remington
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.

5151 Walnut Ave
Walnut, Irvine, CA Local Guide

How much does it cost to rent a home in Walnut?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Walnut 2 Bedroom Homes for Rent | $3,448 | $3,195 | $3,600 |
| Walnut 3 Bedroom Homes for Rent | $3,958 | $3,750 | $4,250 |
| Walnut 4 Bedroom Homes for Rent | $5,637 | $4,950 | $6,300 |
| Walnut 5 Bedroom Homes for Rent | $6,295 | $6,295 | $6,295 |
Browse Homes for Rent in this Neighborhood
There are currently 3 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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Best Value Apartments for Rent in Walnut, CA
As of May 08, 2026 the best value apartment in the Walnut area is the $2.53 price per square foot Plan A Model at Tustin Cottages in the in the Lemon Heights neighborhood starting from $4,009. The second greatest value Walnut apartment is the Tara Model at Coventry Court Luxury Senior starting at $4,333 with a $2.99 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Tustin Cottages | Plan A | 3BR,2.5BA | $2.53 |
| Coventry Court Luxury Senior | Tara | 2BR,2BA | $2.99 |
| 14101 Browning | 2bd2ba | 2BR,2BA | $2.46 |
| Waterstone Garden | 2x2 Rancho | 2BR,2BA | $2.33 |
| Deerfield Apartment Homes | Plan 5 | 2BR,2BA | $2.82 |
| Castilian and Cordova Apartment Homes | Cordova B | 2BR,1BA | $3.08 |
| San Remo Villa Apartment Homes | Plan 2 | 1BR,1BA | $2.89 |
| Casa Cortez Apartments | 1 Bedroom | 1BR,1BA | $2.83 |
| TUSTIN LANAI APARTMENTS | 1 bedroom 1 bath | 1BR,1BA | $2.67 |
| 147 Terra at Tustin | 1 Bedroom / 1 Bath - Prima | 1BR,1BA | $3.03 |
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 ArticleReal 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.
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
Frequently Asked Questions about Walnut
What type of rentals are currently available in Walnut?
There are currently 103 Apartments for Rent in Walnut, CA with pricing that ranges from $1,890 to $8,345. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Walnut ranging from $3,195 to $12,500.
What is the current price range for Rental Homes in Walnut?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Walnut ranges from $3,195 to $12,500 with an average monthly rent of $6,367.
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

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.

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.

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.

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.