Cheap Apartments for Rent in the Walnut Street Neighborhood of Springfield, MO from $500 (36 Rentals)

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

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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property at 1046 E Walnut St

$1,900 - $1,980

Total Monthly Price

Total Monthly Price

Base Rent
$1,900 - $1,980
Total Monthly Price
$1,900 - $1,980

4 Bedroom, 4 Bath Home for Rent

Available Jun 1

1046 E Walnut St

SpringfieldMO65806

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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King's Apartments
Studio to 3 Bedroom Apartments

King's Apartments

945 E Elm StSpringfield, MO 65806
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Alexandria Apartments
1 to 2 Bedroom Apartments

Alexandria Apartments

1230 E McDaniel StSpringfield, MO 65802
  • Utilities Included

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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Embassy Apartments
Studio to 3 Bedroom Apartments

Embassy Apartments

927-937 E Elm StSpringfield, MO 65806
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Bear Garden Apartments
Studio to 4 Bedroom Apartments

Bear Garden Apartments

1010 E Elm StSpringfield, MO 65806
Student Housing
  • Utilities Included
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Ambassador Apartments
Studio to 2 Bedroom Apartments

Ambassador Apartments

1235 Elm StSpringfield, MO 65802
  • Utilities Included
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H & T Apartments
Studio to 2 Bedroom Apartments

H & T Apartments

1222 E Elm StSpringfield, MO 65802
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Cherry Plaza
2 Bedroom Apartments

Cherry Plaza

1210 E Cherry StSpringfield, MO 65802
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Regency Tower
Studio to 2 Bedroom Apartments

Regency Tower

634 S National AveSpringfield, MO 65804
  • Utilities Included
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Walnut Apartments
2 Bedroom Apartments

Walnut Apartments

1138 E Walnut StSpringfield, MO 65806

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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Showing Results 1-36, Page 1 of 1

Walnut Street, Springfield, MO Local Guide

Cheapest Available Walnut Street Apartments for Rent

 

The cheapest available apartment rental in the Walnut Street area of Springfield, MO is a 4 Beds unit found at Aspen Springfield priced from $599. Cherry Plaza has the second lowest priced unit, which is a 2 Beds apartment currently listed from $800. Here are the most affordable Walnut Street apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
Aspen Springfield4 Bedroom - Boulder A4BR,4BA$599
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$800
Spirit of St. LouisStudio1BR,1BA$885
Regency Tower2 Bedroom2BR,2BA$1,205
Walnut Home - Behind Greek Row!C - 4 Bed/4 Bath July 1st4BR,4BA$1,980
East Cherry FlatsEast Cherry Flats4BR,4BA$2,598

Best Value Apartments for Rent in Walnut Street, MO

As of April 24, 2026 the best value apartment in the Walnut Street area is the $1.10 price per square foot C - 4 Bed/4 Bath July 1st Model at Walnut Home - Behind Greek Row! in the in the Central neighborhood starting from $1,980. The second greatest value Walnut Street apartment is the 2 Bedroom Model at Regency Tower starting at $1,205 with a $1.10 price per square foot in the Central neighborhood. Here is today’s list of the best values for Walnut Street apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Walnut Home - Behind Greek Row!C - 4 Bed/4 Bath July 1st4BR,4BA$1.10
Regency Tower2 Bedroom2BR,2BA$1.10
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$1.07
1420 E Cherry St, Unit CH 41420 E Cherry St1BR,1BA$1.20
Aspen Springfield2 Bedroom - Frisco A2BR,2BA$1.78
Spirit of St. LouisStudio1BR,1BA$2.12
East Cherry FlatsEast Cherry Flats4BR,4BA$6.50

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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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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Quick 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.

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Pet Friendly Lifestyle
Walnut Street, Springfield, MO

Ranked #36

Among cities in Missouri for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Walnut Street Apartments

What is the price of a cheap apartment in Walnut Street?

The cheapest apartment in Walnut Street is Spirit of St. Louis which is listed at $885, while the average apartment in Walnut Street costs $1,980.

How do the prices of cheap apartments compare to the average apartment in Walnut Street?

Cheap apartments in Walnut Street have an average cost of $643 which is $1,337 cheaper than the average rent for all rentals in Walnut Street.

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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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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.