Cheap Apartments for Rent in the Walnut Street Neighborhood of Springfield, MO from $500 (41 Rentals)

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

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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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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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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King's Apartments
Studio to 3 Bedroom Apartments

King's Apartments

945 E Elm StSpringfield, MO 65806

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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property at 1009 E Walnut St

1009 E Walnut St

SpringfieldMO65806
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Alexandria Apartments
1 to 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
Studio to 2 Bedroom Apartments

H & T Apartments

1222 E Elm StSpringfield, MO 65802
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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 1-41, 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 2 Beds unit found at Forest Cove Apartments priced from $625. Seminole North Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here are the most affordable Walnut Street apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
Forest Cove Apartments2x1 - Forest Cove2BR,1BA$625
Seminole North ApartmentsSeminole North 1 Bedroom, 1 Bathroom1BR,1BA$675
TimbersTimbers 1 Bedroom, 1 Bathroom1BR,1BA$695
El MadridEl Madrid 1 Bedroom, 1 Bathroom1BR,1BA$695
Embassy Apartments1 Bed/1 Bath! Embassy Apartments - Close to MS...1BR,1BA$699
True North2 Beds, 1.5 Baths2BR,1BA$750
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$775
Spirit of St. LouisStudio1BR,1BA$795
Campus CourtCampus Court 2 Bedroom, 1 Bath Townhome2BR,1BA$795
SoEl District LoftsStudio/1 Bath/Floorplan BStudio,1BA$799

Best Value Apartments for Rent in Walnut Street, MO

As of October 16, 2025 the best value apartment in the Walnut Street area is the $0.98 price per square foot 3 Bed, 1.5 Bath Model at Forest Park Townhomes in the in the Northwest neighborhood starting from $1,495. The second greatest value Walnut Street apartment is the 2 bed 2 bath, Aug 1st Model at 1325 E Cherry St starting at $1,150 with a $0.96 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.
Forest Park Townhomes3 Bed, 1.5 Bath3BR,1.5BA$0.98
1325 E Cherry St2 bed 2 bath, Aug 1st2BR,2BA$0.96
Campus CourtCampus Court 2 Bedroom, 1 Bath Townhome2BR,1BA$0.72
The 505 (MO)2 BEDROOM, 2 BATH2BR,2BA$0.74
Wilhoit Plaza LoftsStudioStudio ,1BA$0.90
Aspen Heights Springfield2x2 Frisco A/B2BR,2BA$0.92
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$1.03
Embassy Apartments1 Bed/1 Bath! Embassy Apartments - Close to MS...1BR,1BA$1.04
Seminole North ApartmentsSeminole North 1 Bedroom, 1 Bathroom1BR,1BA$1.04
Bear Paw Commons2x12BR,1BA$1.02

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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Quick Rent Budget Calculator

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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 #12

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

Pet Friendliness Lifestyle Score

4.0
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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $799.

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

The cheapest apartment in Walnut Street is Seminole North Apartments which is listed at $675, while the average apartment in Walnut Street costs $2,100.

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 37 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 $416 which is $1,684 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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.