
Cheap Apartments for Rent in the Walnut Street Neighborhood of Springfield, MO from $500 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Walnut Street area of Springfield.


El Madrid

East Manor Apartments

Spirit of St. Louis

1420 E Cherry St, Unit CH 4
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.

Elm Crest - 1435 E. Elm

King's Apartments

University Park Apartments

Alexandria Apartments

The Courtyard on Walnut
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.

Embassy Apartments

Ambassador Apartments

H & T Apartments

Cherry Plaza

Regency Tower
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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.
Walnut Street, Springfield, MO Local Guide

How much does it cost to rent an apartment in Walnut Street?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Walnut Street Studio Apartments | $690 | $675 | $705 |
| Walnut Street 1 Bedroom Apartments | $864 | $659 | $1,185 |
| Walnut Street 2 Bedroom Apartments | $1,088 | $795 | $1,418 |
| Walnut Street 3 Bedroom Apartments | $1,701 | $1,485 | $2,127 |
| Walnut Street 4 Bedroom Apartments | $2,125 | $1,900 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Walnut Street Neighborhood of Springfield, MO.
See all Apartments in SpringfieldExplore Springfield
Cheapest Available Walnut Street Apartments for Rent
 The cheapest available apartment rental in the Walnut Street area of Springfield, MO is a 2 Beds unit found at Cherry Plaza priced from $800. Spirit of St. Louis has the second lowest priced unit, which is a 1 Bed apartment currently listed from $885. Here are the most affordable Walnut Street apartments for rent in Springfield, MO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cherry Plaza | 2 Bedroom Units Available - Close to Downtown &... | 2BR,2BA | $800 |
| Spirit of St. Louis | Studio | 1BR,1BA | $885 |
| Walnut Apartments | 2 Bedroom Walnut | 2BR,1BA | $930 |
| Regency Tower | 2 Bedroom | 2BR,2BA | $1,205 |
| East Cherry Flats | 2 bedroom/ 2 bathroom | 2BR,2BA | $1,418 |
Best Value Apartments for Rent in Walnut Street, MO
As of March 10, 2026 the best value apartment in the Walnut Street area is the $1.17 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 $2,100. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Walnut Home - Behind Greek Row! | C - 4 Bed/4 Bath July 1st | 4BR,4BA | $1.17 |
| Regency Tower | 2 Bedroom | 2BR,2BA | $1.10 |
| Aspen Heights Springfield | 2x2 Frisco A/B | 2BR,2BA | $0.91 |
| Walnut Apartments | 2 Bedroom Walnut | 2BR,1BA | $1.22 |
| Cherry Plaza | 2 Bedroom Units Available - Close to Downtown &... | 2BR,2BA | $1.07 |
| 1420 E Cherry St, Unit CH 4 | 1420 E Cherry St | 1BR,1BA | $1.20 |
| Spirit of St. Louis | Studio | 1BR,1BA | $2.12 |
| East Cherry Flats | 1 Bed Detached Bath | 1BR,4BA | $3.75 |
Frequently Asked Questions about Cheap Walnut Street Apartments
How much is rent for a Cheap One Bedroom Walnut Street Apartment?
The lowest price for a Cheap One Bedroom Walnut Street Apartment is $885 at Spirit of St. Louis.
What is the most affordable Walnut Street Three Bedroom Apartment?
The best deal on a cheap Walnut Street Three Bedroom Apartment rental is at Walnut Home - Behind Greek Row! and starts from $1,725.
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.