Cheap Apartments for Rent near Walnut, IL from $625 (65 Rentals)

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Search the lowest-cost Apartments available for rent right now in Walnut.

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.

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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.

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Blackhawk Apartments
1 to 2 Bedroom Apartments

Blackhawk Apartments

406 S 3rd StOregon, IL 61061
Senior Living
  • Utilities Included
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443 2nd Ave D
1 Bedroom Apartments

443 2nd Ave D

443 2nd Avenue DSilvis, IL 61282
Corporate Housing
  • Utilities Included
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Rock Falls Apartments
Studio to 2 Bedroom Apartments

Rock Falls Apartments

1608 E Rock Falls RdRock Falls, IL 61071
  • Utilities Included

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.

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property at 137 N 4250th Rd
$800
1 Bedroom, 1 Bath Home for Rent
Available Now

137 N 4250th Rd

MendotaIL61342
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Valley View
1 to 3 Bedroom Apartments

Valley View

4700 61st Street DrMoline, IL 61265
  • Utilities Included

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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Walnut, IL Local Guide

Cheapest Available Walnut Apartments for Rent and Nearby

 

The cheapest available apartment rental in Walnut, IL is a Studio unit found at Northland Park Apartments priced from $625. PARK RUN APARTMENTS has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. Here is today’s list of the most affordable Walnut apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Northland Park ApartmentsStudioStudio,1BA$625
PARK RUN APARTMENTS1 Bed 1 Bath1BR,1BA$645
Fulton Commons Apartments2 Bedroom, 1 Bath2BR,1BA$655
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$669
Washington Senior ApartmentsStudioStudio,1BA$750
MEADOWS OF LUKE RIDGE3 BED 1 BATH3BR,1BA$757
Pine Ridge1-norwa1BR,1BA$775
Dixon River Apartments2BD/2BA2BR,1BA$775
Fox Pointe ApartmentsPrimrose1BR,1BA$814
The Avenues At East Moline2 bed 1 bath2BR,1BA$820

Best Value Apartments for Rent in Walnut, IL and Nearby

As of September 06, 2026 the best value apartment in the Walnut area is the $1.00 price per square foot 3 Bedroom 2.5 Bath TH Model at The Landing of Clinton in the starting from $1,385. The second greatest value Walnut apartment is the 3 BED 1 BATH Model at MEADOWS OF LUKE RIDGE starting at $757 with a $0.67 price per square foot . Here is today’s list of the best values for Walnut apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Landing of Clinton3 Bedroom 2.5 Bath TH3BR,2.5BA$1.00
MEADOWS OF LUKE RIDGE3 BED 1 BATH3BR,1BA$0.67
PARK RUN APARTMENTS3 Bed 2 Bath3BR,2BA$0.97
Fulton Commons Apartments2 Bedroom, 1 Bath2BR,1BA$0.66
Cottage Bluff Apartments2-Bedroom2BR,1BA$1.10
Riverside Apartments and TownhomesTwo Bed, One Bath Townhome2BR,1BA$1.06
Dixon River Apartments2BD/2BA2BR,1BA$0.92
Eagle Ridge Apartments1BR/1.0BA1BR,1BA$1.07
The Avenues At East Moline2 bed 1 bath2BR,1BA$1.17
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$1.12

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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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.

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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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Walnut, IL Rentals by Map

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Frequently Asked Questions about Cheap Walnut Apartments

What is the Cheapest Studio apartment in Walnut?

Currently the most affordable Cheap Studio Apartment in Walnut is at Northland Park Apartments listed at $625.

How much is rent for a Cheap One Bedroom Walnut Apartment?

The lowest price for a Cheap One Bedroom Walnut Apartment is $645 at PARK RUN APARTMENTS.

What is the lowest price for a Cheap Two Bedroom Walnut Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Walnut is starting from $655 at Fulton Commons Apartments.

What is the most affordable Walnut Three Bedroom Apartment?

The best deal on a cheap Walnut Three Bedroom Apartment rental is at Fulton Commons Apartments and starts from $745.

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

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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.

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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.

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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.

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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.