2 Days Ago
Location
501 S Walnut St #1, New Castle, PA 16101, USA
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Property Overview
501/503 S walnut St stands out with an 8.5/10 expert rating, reflecting a strong overall option for renters with an excellent 10/10 price score and premier 9/10 amenities. Its 9/10 location rating highlights convenient access to key destinations, including a highly rated elementary school less than half a mile away, while a 7/10 trustworthiness rating indicates a clear, detailed listing that helps set accurate expectations.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby- Less expensive
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | $725 /mo | 1 unit available | Discover this spacious 2-bedroom, 1-bath apartment on the second floor in New Castle, PA. The unit features new flooring, bright, large rooms and a two-level layout that provides versatile living space. Located close to downtown and near a bus line, it offers convenient access to local shops and transit. Available now. Requirements - MUST make at least 3x monthly rent No evictions in at LEAST the last 5 years SECTION 8 WELCOMED |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Building details
Property details
| Units | 2 |
|---|
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About 501/503 S walnut St
Discover this spacious 2-bedroom, 1-bath apartment on the second floor in New Castle, PA. The unit features new flooring, bright, large rooms and a two-level layout that provides versatile living space. Located close to downtown and near a bus line, it offers convenient access to local shops and transit. Available now. Requirements - MUST make at least 3x monthly rent No evictions in at LEAST the last 5 years SECTION 8 WELCOMED
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, 501/503 S walnut St is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 501/503 S walnut St has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
501/503 S walnut St offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 501/503 S walnut St is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
501/503 S walnut St is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 501/503 S walnut St does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
501/503 S walnut St provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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 501/503 S walnut St compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.4 mile away
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
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Rent trends in New Castle
2-bedroom apartments at 501/503 S walnut St cost about 19% less than the average rent price for 2-bedroom apartments in New Castle.
Median rents as of Apr 18 2026.
New Castle
| Month | Median Rent |
|---|---|
| May 2024 | $1,133 |
| June 2024 | $1,200 |
| July 2024 | $1,100 |
| August 2024 | $1,200 |
| September 2024 | $1,200 |
| October 2024 | $1,200 |
| November 2024 | $2,350 |
| December 2024 | $1,500 |
| January 2025 | $1,500 |
| February 2025 | $2,100 |
| March 2025 | $1,775 |
| May 2025 | $2,100 |
| June 2025 | $1,900 |
| July 2025 | $1,900 |
| August 2025 | $1,900 |
| September 2025 | $1,900 |
| October 2025 | $1,900 |
| November 2025 | $2,300 |
| December 2025 | $2,150 |
| January 2026 | $1,960 |
| February 2026 | $2,007 |
| March 2026 | $2,005 |
| April 2026 | $2,000 |
Affordability calculator
Can I afford to live at 501 S Walnut St #1?
Bedrooms
2 bedroomsRent-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
$29,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $29,000 annually to afford this 2-bedrooms monthly rent price of $725.
For more information on rent affordability, visit our rent calculator.
Schools near 501/503 S walnut St
Harry W. Lockley Early Learning Center
900 east main st
new castle, PA, 16101
K-2Public
B-
Washington Intermediate School
101 east euclid ave
new castle, PA, 16105
3-5Public
C-
Dobbins Early Learning Center
3030 dobbins rd
poland, OH, 44514
PKPublic
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Internet available near 501/503 S walnut St
Getting around New Castle near 501 S Walnut St #1
Walking
5/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
3/10
This is semi-bikeable, but you’ll need another way of getting around.
Points of interest for 501 S Walnut St #1, New Castle
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
7/10
At least one elementary school within a 15-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Nightlife
4/10
Some bars within walking distance
Explore the area around 501 S Walnut St #1
Southside Market
835 Moravia St
Arlington Market
726 Arlington Ave
Save-A-Lot
1134 Butler Ave
Giant Eagle
1700 New Butler Rd
Grocery Outlet
1700 Wilmington Rd
Cyndes Femme
112 E Washington St
Family Dollar
100 S Jefferson St
Putzi Degruttola
207 Mills Way
Putzi's Ski Den
207 Mills Way
Premier Dancewear
210 W Moody Ave
The Confluence
214 E Washington St
Two Rivers Artisan Coffee Works
11 S Mill St
Dunkin'
134 N Mill St
Mays Classic Donut Shop
1214 Butler Ave
May's Do-nuts
1707 Wilmington Rd
Lounge 724 Bar & Grill
630 E Washington St
Reighert's Bar & Grille
808 S Mill St
Oasis Bar
303 S Jefferson St
Friends Bar & Grille
1061 Butler Ave
Starwood Rib & Steakhouse
1115 Butler Ave
Two Fat Guys & An Oven
839 Moravia St
Shaklee Distributor
1002 Warren Ave
Meat Guyz
1703 W State St
New Castle Baking
2418 Wilmington Rd
Bill's Bake Shoppe
228 N Liberty St
Lounge 724 Bar & Grill
630 E Washington St
The Confluence
214 E Washington St
Little Johnny's II
130 E Washington St
Hudson Homestyle Cafe
104 E Washington St
Hurricane Grill B B Q-Catering
101 M Mill St
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