Updated 21 Hours Ago
Highlights
- Quartz countertops
- Central air conditioning
- 24/7 emergency maintenance
- Stainless steel appliances
Location
509 N Walnut St, Bloomington, IN 47404, USA|Old Northeast
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Contact
Omega Properties
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Property Overview
Quartz countertops, stainless steel appliances, and central air conditioning add modern comfort, while 24/7 emergency maintenance offers extra peace of mind. The location also stands out for its strong value per square foot, walkable access to nearby areas, and a vibrant setting with many restaurants, event hubs, and entertainment venues close by, along with a nearby top-rated elementary school.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Elementary school nearby
Great for
Social life
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
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About 509 N Walnut St
Sweet deal!
This listing is 20% below the median price for studio apartments in Old Northeast.
Located right off Walnut! A beautiful renovated stand alone studio with a bathroom Perks: -Stainless Steel Appliances -Quartz Countertops -Central Air Conditioning -Family Owned and Operated -24/7 Emergency Maintenance -Close to Campus, Restaurants, and Entertainment Parking: Private Parking Utilities: Water, Electric, and Wifi (All covered by tenant)
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 509 N Walnut St compares to other nearby properties.
Positives
- More space
- Studio is 280 sqft larger than other listings nearby
- Elementary school nearby
- There is an elementary school 0.4 mile away
Address details
| Neighborhood | Old Northeast |
|---|---|
| Zip code | 47404 |
| Type | House for rent |
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Rent trends in Old Northeast
studio apartments at 509 N Walnut St cost about 20% less than the average rent price for studio apartments in Bloomington.
Median rents as of Aug 29 2026.
Old Northeast
Bloomington
| Month | Median Rent |
|---|---|
| September 2024 | $1,273 |
| October 2024 | $1,309 |
| November 2024 | $1,298 |
| December 2024 | $1,301 |
| January 2025 | $1,297 |
| February 2025 | $1,298 |
| March 2025 | $1,278 |
| April 2025 | $1,280 |
| May 2025 | $1,215 |
| June 2025 | $1,011 |
| July 2025 | $1,047 |
| August 2025 | $1,025 |
| September 2025 | $1,050 |
| October 2025 | $1,091 |
| November 2025 | $1,001 |
| December 2025 | $1,019 |
| January 2026 | $1,031 |
| February 2026 | $1,108 |
| March 2026 | $1,099 |
| April 2026 | $1,192 |
| May 2026 | $1,241 |
| June 2026 | $1,199 |
| July 2026 | $1,200 |
| August 2026 | $1,148 |
| Month | Median Rent |
|---|---|
| September 2024 | $1,342 |
| October 2024 | $1,364 |
| November 2024 | $1,299 |
| December 2024 | $1,299 |
| January 2025 | $1,304 |
| February 2025 | $1,316 |
| March 2025 | $1,365 |
| April 2025 | $1,399 |
| May 2025 | $1,399 |
| June 2025 | $1,399 |
| July 2025 | $1,399 |
| August 2025 | $1,041 |
| September 2025 | $1,019 |
| October 2025 | $1,235 |
| November 2025 | $1,319 |
| December 2025 | $1,349 |
| January 2026 | $1,349 |
| February 2026 | $1,320 |
| March 2026 | $1,299 |
| April 2026 | $1,299 |
| May 2026 | $1,209 |
| June 2026 | $1,124 |
| July 2026 | $1,206 |
| August 2026 | $1,249 |
Affordability calculator
Can I afford to live at 509 N Walnut St?
Bedrooms
StudioRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$40,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $40,000 annually to afford this studio monthly rent price of $1,000.
For more information on rent affordability, visit our rent calculator.
Schools near 509 N Walnut St
Early Learning Center
401 east miller dr
bloomington, IN, 47401
PKPublic
University Elementary School
1111 n russell rd
bloomington, IN, 47408
PK, K-6Public
A
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Internet available near 509 N Walnut St
Getting around Bloomington near 509 N Walnut St
Walking
8/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 509 N Walnut St, Bloomington
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
7/10
Several shops within a few minutes’ walk
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
7/10
Variety of restaurants within a few minutes' walk
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
4/10
At least one high school within a 20-minute walk
Nightlife
5/10
Some bars within a few minutes’ walk
Explore the area around 509 N Walnut St
Bloomington Cooperative Services Inc
316 W 6th St
Little Italy Market
421 E 3rd St
Bloomington Costley Co
1120 N Walnut St
Red Authentic Chinese Restaurant
1402 N Walnut St
Kroger
528 S College Ave
Lola Rue
114 N Walnut St
Chico's
102 N Walnut St
Elliemae's Boutique
101 W Kirkwood Ave
Andrew Davis Clothiers
101 W Kirkwood Ave
Mirth
101 W Kirkwood Ave
Crumble Coffee-Bakery at 10
532 N College Ave
Revolution Bike & Bean
401 E 10th St
Brilliant Coffee Co
217 W 6th St
Runcible Spoon
412 E 6th St
Woodsman Coffee Company
116 1/2 S College Ave
Kilroy's Sports Bar
319 N Walnut St
Yogi's
302 N Walnut St
Video Saloon
105 W 7th St
La Una Cantina
254 N Walnut St
Bluebird Nightclub
216 N Walnut St
Bloomington Bagel Co
238 N Morton St
The Peach Cobbler Factory
115 N College Ave
Blu Boy Chocolate Cafe & Cakery
112 E Kirkwood Ave
Wild AK Salmon & Seafood Co
316 W 6th St
Rainbow Bakery
201 S Rogers St
Park
Wonderlab Garden
People's Park
Playground
Dunn Meadow
Papa Johns
415 N Walnut St
Kilroy's Sports Bar
319 N Walnut St
Homey
306 N Walnut St
Yogi's
302 N Walnut St
Taco Bell
309 N Walnut St
7th St & Walnut St
6 Campus Shuttle
7th St & Washington St
2 West 11th St via Showers Complex, 6 Campus Shuttle
College Ave & 9th St
2 West 11th St via Showers Complex, 6 Campus Shuttle
Morton St & 7th
2 West 11th St via Showers Complex
College Ave & 10th St
2 West 11th St via Showers Complex, 6 Campus Shuttle
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