Cheap Apartments for Rent in the Walnut Street Neighborhood of Springfield, MO from $500 (18 Rentals)

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Cheap Apartments in the Walnut Street area of Springfield.

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Alexandria Apartments
2 Bedroom Apartments

Alexandria Apartments

1230 E McDaniel StSpringfield, MO 65802
  • Utilities Included
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Ambassador Apartments
Studio to 2 Bedroom Apartments

Ambassador Apartments

1235 Elm StSpringfield, MO 65802
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H & T Apartments
1 to 2 Bedroom Apartments

H & T Apartments

1222 E Elm StSpringfield, MO 65802
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Regency Towers
1 to 2 Bedroom Apartments

Regency Towers

634 S National AveSpringfield, MO 65804
  • Utilities Included

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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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 Studio unit found at El Madrid priced from $675. Cherry Plaza has the second lowest priced unit, which is a 2 Beds apartment currently listed from $775. Here are the most affordable Walnut Street apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
El MadridEl Madrid StudioStudio,1BA$675
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$775
Embassy ApartmentsEmbassy Apartments - Close to MSU, Downtown Spf...2BR,1BA$775
Spirit of St. LouisStudio1BR,1BA$800
El Chaparral ApartmentsRenovated 1 Bedroom, 1 Bathroom1BR,1BA$895

Best Value Apartments for Rent in Walnut Street, MO

As of May 02, 2025 the best value apartment in the Walnut Street area is the $0.77 price per square foot 4 Bedroom Model at Artifacts Warehouse Lofts in the in the Central neighborhood starting from $1,700. The second greatest value Walnut Street apartment is the B - 4 Bed/2 Bath July Model at Walnut Home - Behind Greek Row! starting at $2,200 with a $1.22 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.
Artifacts Warehouse Lofts4 Bedroom4BR,2BA$0.77
Walnut Home - Behind Greek Row!B - 4 Bed/2 Bath July4BR,2BA$1.22
Bear Place3 Bedroom/3 Bath, June 13BR,3BA$1.00
Embassy ApartmentsEmbassy Apartments - Close to MSU, Downtown Spf...2BR,1BA$0.87
Aspen Heights Springfield2x2 Frisco A/B2BR,2BA$0.92
Elevate Student Living - Deep ElmD12BR,2BA$0.97
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$1.03
El Chaparral ApartmentsRenovated 1 Bedroom, 1 Bathroom1BR,1BA$1.63
The Wayfarer at the DaleStudioStudio ,1BA$1.86
El MadridEl Madrid StudioStudio ,1BA$1.69

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Pet Friendly Lifestyle
Walnut Street, Springfield, MO

Ranked #26

Among neighborhoods in Springfield, MO for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Walnut Street Neighborhood in Springfield, MO

Walk Score®

72 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

75 / 100

Very Bikeable

Biking is convenient for most trips

Frequently Asked Questions about Cheap Walnut Street Apartments

What is a cheap apartment in Walnut Street?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Walnut Street is under $1,800.

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 $800, while the average apartment in Walnut Street costs $1,545.

What types of apartments are the cheapest in Walnut Street?

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 18 regular apartments in Walnut Street 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 Street?

Cheap apartments in Walnut Street have an average cost of $309 which is $1,236 cheaper than the average rent for all rentals in Walnut Street.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.