5+ Days Ago
Location
1503 South Walnut Street, Bloomington, Indiana 47401, United States
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Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | $1,125 /mo | 1 unit available | Available: August 2026 Rent: 1,125.00 / month Security deposit: $1,125.00 Utilities are included for $75/month. This charming single family home has been renovated to hold two- one bedroom units and one 3 bedroom unit. . The property itself features plenty of private parking for tenants and guests, as well as a large yard surrounded by mature trees. Located on Walnut Street just a few blocks south of downtown, the home provides easy access to shops, restaurants, and the best of Bloomington Parks and Recreation, including the new Switchyard Park just across the street. |
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Amenities for 1503 S. Walnut
Apartment Amenities
| Utilities Included |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 3 |
|---|
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About 1503 S. Walnut
Available: August 2026 Rent: 1,125.00 / month Security deposit: $1,125.00 Utilities are included for $75/month. This charming single family home has been renovated to hold two- one bedroom units and one 3 bedroom unit. . The property itself features plenty of private parking for tenants and guests, as well as a large yard surrounded by mature trees. Located on Walnut Street just a few blocks south of downtown, the home provides easy access to shops, restaurants, and the best of Bloomington Parks and Recreation, including the new Switchyard Park just across the street.
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, 1503 S. Walnut is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 1503 S. Walnut 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.
1503 S. Walnut 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, 1503 S. Walnut 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.
1503 S. Walnut 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 1503 S. Walnut 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.
1503 S. Walnut 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 1503 S. Walnut compares to other nearby properties.
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Bloomington
1-bedroom apartments at 1503 S. Walnut cost about 5% more than the average rent price for 1-bedroom apartments in Bloomington.
Median rents as of Nov 29 2025.
Bloomington
| Month | Median Rent |
|---|---|
| December 2023 | $1,279 |
| January 2024 | $1,132 |
| February 2024 | $1,105 |
| March 2024 | $1,292 |
| April 2024 | $1,305 |
| May 2024 | $1,170 |
| June 2024 | $1,184 |
| July 2024 | $1,165 |
| August 2024 | $1,207 |
| September 2024 | $1,254 |
| 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 |
Affordability calculator
Can I afford to live at 1503 South Walnut Street?
Bedrooms
1 bedroomRent-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
$45,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $45,000 annually to afford this 1-bedroom monthly rent price of $1,125.
For more information on rent affordability, visit our rent calculator.
Schools near 1503 S. Walnut
Templeton Elementary School
1400 s brenda ln
bloomington, IN, 47401
PK, K-6Public
B
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Internet available near 1503 S. Walnut
Getting around Bloomington near 1503 South Walnut Street
Walking
6/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 1503 South Walnut Street, Bloomington
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Some restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Nightlife
3/10
Some bars within walking distance
Explore the area around 1503 South Walnut Street
Chop Shop
1915 S Walnut St
Kroger
528 S College Ave
Little Italy Market
421 E 3rd St
Bloomington Cooperative Services Inc
316 W 6th St
Bloomington Costley Co
1120 N Walnut St
Mainstream Boutique
215 S Walnut St
Andrew Davis Clothiers
101 W Kirkwood Ave
Elliemae's Boutique
101 W Kirkwood Ave
Mirth
101 W Kirkwood Ave
Tivoli Fashions
101 W Kirkwood Ave
Partridge & Quigley Coffee
1310 S Monon Dr
Soma Coffee House
581 E Hillside Dr
Starbucks
1921 S Walnut St
Hopscotch Coffee
235 W Dodds St
Inbloom Juicery LLC
116 E 3rd St
Feast Market & Cellar
407 W Patterson Dr
Bluetip
426 S College Ave
Back Door
207 S College Ave
The Atlas Ballroom
209 S College Ave
Serendipity Martini Bar
201 S College Ave
Feast Market & Cellar
407 W Patterson Dr
Kroger Bakery
528 S College Ave
Rainbow Bakery
201 S Rogers St
Blu Boy Chocolate Cafe & Cakery
112 E Kirkwood Ave
The Peach Cobbler Factory
115 N College Ave
Chop Shop
1915 S Walnut St
McDonald's
1919 S Walnut St
Feta Kitchen
600 E Hillside Dr
Feast Market & Cellar
407 W Patterson Dr
Southern Stone
405 W Patterson Dr
Miller Drive and Walnut St at Sassafras Hill Apartments
1 South Walnut / Clear Creek Shoppping Center
Grimes & Washington
1 South Walnut / Clear Creek Shoppping Center
Grimes & Walnut
1 South Walnut / Clear Creek Shoppping Center
Grimes & Lincoln
1 South Walnut / Clear Creek Shoppping Center
Miller @ Community Health
1 South Walnut / Clear Creek Shoppping Center
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