Zumper
modified
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Highlights

  • Large windows
  • Open floor plan
  • Urban living
  • Convenient location
  • Plenty of closet space
  • Generously sized bedrooms

Location

318 Walnut St, Chattanooga, TN 37403, USA|Downtown Chattanooga
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Tour 318 Walnut Street Chattanooga, TN 37403

Contact

Management

PMI Chattanooga

Leasing office

(423) 704-9920

Property Overview

318 Walnut Street Chattanooga, TN 37403 is a competitively priced, highly rated (8.1/10 overall) rental option with strong scores for price, amenities, location, and trustworthiness. Residents can enjoy urban living with large windows, an open floor plan, generous storage and bedroom space, plus convenient access to numerous parks, gyms, restaurants, coworking options, and transit. These features make it appealing for people prioritizing work-from-home comfort, fitness and wellness, social life, and environmentally conscious, walkable living.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.1
Very Good
With a solid 8.1 out of 10 overall, 318 Walnut Street Chattanooga, TN 37403 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 318 Walnut Street Chattanooga, TN 37403 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Great for

  • Work-from-home
  • Wellness
  • Social life

Floor plans

2x22 bed2 bath$1,650 /mo1 unit availableSeize the opportunity to live in luxury at 318 Walnut Street - 203 in the heart of Chattanooga, TN. This stunning multiplex rental property offers a spacious 2-bedroom, 2-bathroom layout with 1100 sq ft of living space. With a convenient location and easy access to the city's best dining, shopping, and entertainment options, this property is the perfect place to call home. The open floor plan and large windows flood the space with natural light, creating a bright and welcoming environment. The bedrooms are generously sized and offer plenty of closet space for storage. The property also includes a designated parking spot for added convenience. Don't miss out on the opportunity to experience the best of urban living at 318 Walnut Street - 203. Book your tour today and see why this multiplex rental property is the perfect place for you to live your best life in Chattanooga.

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Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units16
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About 318 Walnut Street Chattanooga, TN 37403

HomeApartments in ChattanoogaDowntown Chattanooga 318 Walnut Street Chattanooga, TN 37403

Seize the opportunity to live in luxury at 318 Walnut Street - 203 in the heart of Chattanooga, TN. This stunning multiplex rental property offers a spacious 2-bedroom, 2-bathroom layout with 1100 sq ft of living space. With a convenient location and easy access to the city's best dining, shopping, and entertainment options, this property is the perfect place to call home. The open floor plan and large windows flood the space with natural light, creating a bright and welcoming environment. The bedrooms are generously sized and offer plenty of closet space for storage. The property also includes a designated parking spot for added convenience. Don't miss out on the opportunity to experience the best of urban living at 318 Walnut Street - 203. Book your tour today and see why this multiplex rental property is the perfect place for you to live your best life in Chattanooga.


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.
8.1
/10
Very Good
With a solid 8.1 out of 10 overall, 318 Walnut Street Chattanooga, TN 37403 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 318 Walnut Street Chattanooga, TN 37403 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 318 Walnut Street Chattanooga, TN 37403
Price·9A 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.
318 Walnut Street Chattanooga, TN 37403 stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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, 318 Walnut Street Chattanooga, TN 37403 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.
318 Walnut Street Chattanooga, TN 37403 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 318 Walnut Street Chattanooga, TN 37403 does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

318 Walnut Street Chattanooga, TN 37403 is great for:

Work-from-home

  • 5 internet service provider options nearby
  • Large windows for natural lighting
  • Quiet environment with little noise pollution
  • 1 coworking space or cafe within 1 mile

Wellness

  • Ample windows and natural lighting
  • 53 gyms or yoga centers nearby
  • On-site fitness or wellness programs
  • 43 parks nearby

Social life

  • 212 restaurants within 1 mile of this property
  • Areas nearby are accessible by walking
  • The area has transit options
  • Area has 43 parks and recreation options

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 318 Walnut Street Chattanooga, TN 37403 compares to other nearby properties.

Considerations

Greater distance from high schools
The nearest high school is farther than 2 miles away
Lacks images
Fewer than 10 photos available for this location
No in-unit dishwasher
Dishwashers aren't available

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Rent trends in Downtown Chattanooga

2-bedroom apartments at 318 Walnut Street Chattanooga, TN 37403 cost about 11% less than the average rent price for 2-bedroom apartments in Downtown Chattanooga.

Median rents as of May 16 2026.
Downtown Chattanooga
Chattanooga
A table of studio rental data trends in Chattanooga
MonthMedian Rent
June 2024$1,196
July 2024$1,226
August 2024$1,218
September 2024$1,219
October 2024$1,220
November 2024$1,240
December 2024$1,250
January 2025$1,237
February 2025$1,228
March 2025$1,231
April 2025$1,207
May 2025$1,199
June 2025$1,198
July 2025$1,156
August 2025$1,135
September 2025$1,173
October 2025$1,194
November 2025$1,195
December 2025$1,176
January 2026$1,162
February 2026$1,156
March 2026$1,153
April 2026$1,138
May 2026$1,099
A table of studio rental data trends in Downtown Chattanooga
MonthMedian Rent
June 2024$1,105
July 2024$1,170
August 2024$1,207
September 2024$1,246
October 2024$1,263
November 2024$1,246
December 2024$1,258
January 2025$1,266
February 2025$1,270
March 2025$1,265
April 2025$1,235
May 2025$1,202
June 2025$1,179
July 2025$1,192
August 2025$1,180
September 2025$1,190
October 2025$1,199
November 2025$1,200
December 2025$1,191
January 2026$1,165
February 2026$1,187
March 2026$1,196
April 2026$1,192
May 2026$1,119

Affordability calculator

Can I afford to live at 318 Walnut St?

Bedrooms

2 bedrooms

Rent-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

$66,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $66,000 annually to afford this 2-bedrooms monthly rent price of $1,650.
For more information on rent affordability, visit our rent calculator.

Schools near 318 Walnut Street Chattanooga, TN 37403

Hamilton County Virtual School

3074 hickory valley rd

chattanooga, TN, 37421

K-12Public
B-
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Internet available near 318 Walnut Street Chattanooga, TN 37403

Neighborhood

Downtown Chattanooga | Chattanooga, TN

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Chattanooga near 318 Walnut St

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 318 Walnut St, Chattanooga

Groceries

9/10
At least one supermarket within a 5-minute walk

Shopping

5/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

7/10
Variety of restaurants within a few minutes' walk

Primary schools

7/10
At least one elementary school within a 15-minute walk

High schools

7/10
At least one high school within a 15-minute walk

Nightlife

7/10
Several bars within a few minutes’ walk

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