Cheap Apartments for Rent in the Walnut Street Neighborhood of Springfield, MO from $500 (35 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
close
View Me
King's Apartments
Studio to 3 Bedroom Apartments

King's Apartments

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

Alexandria Apartments

1230 E McDaniel StSpringfield, MO 65802
  • Utilities Included
close
View Me
Embassy Apartments
Studio to 2 Bedroom Apartments

Embassy Apartments

927-937 E Elm StSpringfield, MO 65806
close
View Me
Ambassador Apartments
Studio to 2 Bedroom Apartments

Ambassador Apartments

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

H & T Apartments

1222 E Elm StSpringfield, MO 65802
  • Utilities Included
close
View Me
Cherry Plaza
2 Bedroom Apartments

Cherry Plaza

1210 E Cherry StSpringfield, MO 65802
close
View Me
Walnut Apartments
2 Bedroom Apartments

Walnut Apartments

1138 E Walnut StSpringfield, MO 65806

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.

Read Article
close
View Me
1242 E Cherry St
1 to 2 Bedroom Apartments

1242 E Cherry St

1242 E Cherry StSpringfield, MO 65802
Showing Results 1-35, 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 1 Bed unit found at El Chaparral Apartments priced from $725. El Madrid has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable Walnut Street apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
El Chaparral ApartmentsEl Chaparral 1 Bedroom, 1 Bathroom1BR,1BA$725
El MadridEl Madrid 1 Bedroom, 1 Bathroom1BR,1BA$725
Bear Garden Apartments1 bed, 1 bath Premium1BR,1BA$770
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$800
Spirit Of St Louis Apartments0BR/1.0BAStudio,1BA$850
East Manor ApartmentsEast Manor 2 Bedroom, 1 Bathroom2BR,1BA$900
1242 E Cherry St2 Beds, 1.5 Baths2BR,1BA$980
Regency Tower2 Bedroom2BR,2BA$1,175
East Cherry FlatsEast Cherry Flats4BR,4BA$2,598

Best Value Apartments for Rent in Walnut Street, MO

As of September 07, 2026 the best value apartment in the Walnut Street area is the $1.27 price per square foot 2 Bedroom Deluxe Model at Regency Tower in the in the Central neighborhood starting from $1,400. The second greatest value Walnut Street apartment is the East Manor 2 Bedroom, 1 Bathroom Model at East Manor Apartments starting at $900 with a $0.88 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.
Regency Tower2 Bedroom Deluxe2BR,2BA$1.27
East Manor ApartmentsEast Manor 2 Bedroom, 1 Bathroom2BR,1BA$0.88
1242 E Cherry St2 Beds, 1.5 Baths2BR,1.5BA$0.98
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$1.07
El MadridEl Madrid 1 Bedroom, 1 Bathroom1BR,1BA$1.27
El Chaparral ApartmentsEl Chaparral 1 Bedroom, 1 Bathroom1BR,1BA$1.32
Bear Garden Apartments1 bed, 1 bath Premium1BR,1BA$1.56
Aspen Springfield4 Bedroom - Boulder E4BR,4BA$1.80
Spirit Of St Louis Apartments0BR/1.0BAStudio ,1BA$2.03
East Cherry FlatsEast Cherry Flats4BR,4BA$6.50

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 Article
Decorative image

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article

Real 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 Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Walnut Street, Springfield, MO

Ranked #34

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

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 El Chaparral Apartments which is listed at $725, while the average apartment in Walnut Street costs $860.

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 19 regular apartments in Walnut Street that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.