
Cheap Homes for Rent in Walnut, IA from $800 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Walnut.


913 Ave A

610 S 32nd Ave

3302 Burt St

313 Pullen Ave
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.

1233-1/2 S 14th St

1425 Avenue C

4504 Sioux St

122 Platner St

4123 Avenue C
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.

3138 Weber Cir
Walnut, IA Local Guide

How much does it cost to rent a home in Walnut?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Walnut 2 Bedroom Homes for Rent | $1,458 | $850 | $2,950 |
| Walnut 3 Bedroom Homes for Rent | $1,591 | $1,380 | $1,995 |
| Walnut 5 Bedroom Homes for Rent | $2,550 | $2,550 | $2,550 |
| Walnut 6 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
Browse Top Homes for Rent in Walnut
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Walnut, IA Local Guide
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Cheapest Available Walnut Apartments for Rent and Nearby
 The cheapest available apartment rental in Walnut, IA is a 1 Bed unit found at Red Oak 48-Unit (City View Apartments) priced from $695. Woodland Park - Fontanelle has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable Walnut apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Red Oak 48-Unit (City View Apartments) | 1 Bedroom | 1BR,1BA | $695 |
| Woodland Park - Fontanelle | 1 BR | 1BR,1BA | $775 |
| Woodland Apartments | One Bedroom/One Bath | 1BR,1BA | $781 |
| Westwood Apartments | 2 BD | 2BR,1BA | $785 |
| Maple Second | One Bed/One Bath | 1-1 | 1BR,1BA | $875 |
Best Value Apartments for Rent in Walnut, IA and Nearby
As of May 08, 2026 the best value apartment in the Walnut area is the $1.14 price per square foot 3X2 Garden Model at Hidden Bluffs Apartments in the starting from $1,395. The second greatest value Walnut apartment is the 3 Bed 2 Bath Single Section Model at Lakeside Estates starting at $1,479 with a $1.22 price per square foot in the Sherman neighborhood. Here is today’s list of the best values for Walnut apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hidden Bluffs Apartments | 3X2 Garden | 3BR,2BA | $1.14 |
| Lakeside Estates | 3 Bed 2 Bath Single Section | 3BR,2BA | $1.22 |
| RiverEast | Three Bedroom | 3BR,2BA | $1.10 |
| Westwood Apartments | 2 BD | 2BR,1BA | $0.75 |
| CopperCreek | 2 Bed, 1 Bath - 1032 SF | 2BR,1BA | $1.26 |
| Cottonwood Apartments | 2X1B | 2BR,1BA | $1.13 |
| The Bluffs | Two Bedroom 2nd Floor | 2BR,1BA | $1.05 |
| Nichol Flats | 1x1 A | 1BR,1BA | $1.26 |
| Riverbend - Newly Renovated! Call today! | One Bedroom | 1BR,1BA | $1.24 |
| Red Oak 48-Unit (City View Apartments) | 1 Bedroom | 1BR,1BA | $1.22 |
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 ArticleReal 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 ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Walnut
What type of rentals are currently available in Walnut?
There are currently 58 Apartments for Rent in Walnut, IA with pricing that ranges from $575 to $4,434. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Walnut ranging from $825 to $2,950.
What is the current price range for Rental Homes in Walnut?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Walnut ranges from $825 to $2,950 with an average monthly rent of $1,796.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.