
Cheap Homes for Rent in Walnut, IL from $500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Walnut.


1108 Paul St

416 7th Ave S

512 Breezy Point Dr

725 Joliet St

215 E Oak St

1321 Maple Dr
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.

2519 N 3rd St

437 1st Ave

809 Calhoun St

9 N Randolph St

1320 Maple Dr

537 1/2 Bucklin St

826 N Spalding St
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.
Walnut, IL 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 | $1,133 | $750 | $2,000 |
| Walnut 3 Bedroom Homes for Rent | $1,576 | $1,050 | $2,000 |
Browse Top Homes for Rent in Walnut
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Walnut, IL Local Guide
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Cheapest Available Walnut Apartments for Rent and Nearby
 The cheapest available apartment rental in Walnut, IL is a 2 Beds unit found at Rock River Townhomes in the Outer Davenport Bettendorf neighborhood priced from $591. Northland Park Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Walnut apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rock River Townhomes | 2 Bedroom-60% | 2BR,1BA | $591 |
| Northland Park Apartments | Studio | Studio,1BA | $625 |
| PARK RUN APARTMENTS | 1 Bed 1 Bath | 1BR,1BA | $645 |
| Pine View | 1 Bedroom 1 Bath Efficiency | 1BR,1BA | $669 |
| Washington Senior Apartments | Studio | Studio,1BA | $750 |
Best Value Apartments for Rent in Walnut, IL and Nearby
As of June 15, 2026 the best value apartment in the Walnut area is the $1.09 price per square foot 3 Bedroom 60% Model at Rock River Townhomes in the in the Outer Davenport Bettendorf neighborhood starting from $1,470. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Rock River Townhomes | 3 Bedroom 60% | 3BR,2.5BA | $1.09 |
| MEADOWS OF LUKE RIDGE | 3 BED 1 BATH | 3BR,1BA | $0.67 |
| Cottage Bluff Apartments | 2-Bedroom | 2BR,1BA | $1.10 |
| PARK RUN APARTMENTS | 2 Bed 1 Bath | 2BR,1BA | $0.99 |
| Old Orchard Estates | The Grove | 2BR,1BA | $1.12 |
| Riverside Apartments and Townhomes | Two Bed, One Bath Townhome | 2BR,1BA | $1.03 |
| Dixon River Apartments | 2BD/2BA | 2BR,1BA | $0.92 |
| Eagle Ridge Apartments | 1BR/1.0BA | 1BR,1BA | $1.07 |
| The Avenues At East Moline | 2 bed 1 bath | 2BR,1BA | $1.17 |
| Pine View | 1 Bedroom 1 Bath Efficiency | 1BR,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.
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 50 Apartments for Rent in Walnut, IL with pricing that ranges from $591 to $3,750. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Walnut ranging from $550 to $2,000.
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 $550 to $2,000 with an average monthly rent of $1,008.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.