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


El Chaparral Apartments

El Madrid

East Manor Apartments

Cherry Plaza

Embassy Apartments

Artifacts Warehouse Lofts

Spirit of St. Louis

1420 E Cherry St, Unit CH 4
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.

The Wayfarer at the Dale

1009 E Walnut St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
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

How much does it cost to rent an apartment in Walnut Street?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Walnut Street Studio Apartments | $840 | $595 | $1,118 |
Walnut Street 1 Bedroom Apartments | $939 | $695 | $1,285 |
Walnut Street 2 Bedroom Apartments | $1,191 | $730 | $1,550 |
Walnut Street 3 Bedroom Apartments | $1,478 | $828 | $1,800 |
Walnut Street 4 Bedroom Apartments | $1,273 | $599 | $2,676 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Walnut Street Neighborhood of Springfield, MO.
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Walnut Street, Springfield, MO Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
El Madrid | El Madrid Studio | Studio,1BA | $675 |
Cherry Plaza | 2 Bedroom Units Available - Close to Downtown &... | 2BR,2BA | $775 |
Embassy Apartments | Embassy Apartments - Close to MSU, Downtown Spf... | 2BR,1BA | $775 |
Spirit of St. Louis | Studio | 1BR,1BA | $800 |
El Chaparral Apartments | Renovated 1 Bedroom, 1 Bathroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Artifacts Warehouse Lofts | 4 Bedroom | 4BR,2BA | $0.77 |
Walnut Home - Behind Greek Row! | B - 4 Bed/2 Bath July | 4BR,2BA | $1.22 |
Bear Place | 3 Bedroom/3 Bath, June 1 | 3BR,3BA | $1.00 |
Embassy Apartments | Embassy Apartments - Close to MSU, Downtown Spf... | 2BR,1BA | $0.87 |
Aspen Heights Springfield | 2x2 Frisco A/B | 2BR,2BA | $0.92 |
Elevate Student Living - Deep Elm | D1 | 2BR,2BA | $0.97 |
Cherry Plaza | 2 Bedroom Units Available - Close to Downtown &... | 2BR,2BA | $1.03 |
El Chaparral Apartments | Renovated 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.63 |
The Wayfarer at the Dale | Studio | Studio ,1BA | $1.86 |
El Madrid | El Madrid Studio | Studio ,1BA | $1.69 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleWalnut Street, Springfield, MO
Ranked #26
Among neighborhoods in Springfield, MO for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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 $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.

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.

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.

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.

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.