Zumper
modified
3 Days Ago

Highlights

  • Off-street parking
  • Refrigerator
  • Spacious 1 bedroom
  • Shared washer/dryer
  • Renovated single family home
  • Large yard

Location

1503 S Walnut St, Bloomington, IN 47401, USA
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Contact

Management

ALF, LLC

Leasing office

(812) 333-9233

Property Overview

1503 S. Walnut holds a Zumper expert rating of 7.7 out of 10, reflecting its solid appeal to renters. With a competitive price rating of 8 and an amenities rating of 8, it showcases excellent value and an impressive list of features, including spacious 1-bedroom accommodations, off-street parking, and a large yard. Additionally, the property enjoys a location rating of 9, offering exceptional access to nearby attractions and services, complemented by a trustworthiness rating of 7, highlighting transparency and clarity in its presentation.

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.

Zumper Expert Rating

7.7
Very Good
1503 S. Walnut is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • Less expensive

Floor plans

1BR/1.0BA1 bed1 bath$885–$1,125 /mo2 units availableThis charming single family home has been renovated to hold several one bedroom units. This unit is a spacious 1 bedroom with 1 bathroom. 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. No pets allowed. Unit provides refrigerator, oven, central a/c, lawncare, off-street parking and a shared washer/dryer in basement. FLAT MONTHLY UTILITY FEE OF $75 MONTHLY

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Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

Building details

Property details

Units3
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About 1503 S. Walnut

HomeApartments in Bloomington 1503 S. Walnut

This charming single family home has been renovated to hold several one bedroom units. This unit is a spacious 1 bedroom with 1 bathroom. 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. No pets allowed. Unit provides refrigerator, oven, central a/c, lawncare, off-street parking and a shared washer/dryer in basement. FLAT MONTHLY UTILITY FEE OF $75 MONTHLY


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.
7.7
/10
Very Good
1503 S. Walnut is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
How we rated 1503 S. Walnut
Price·8A 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.
Scoring a 8/10, 1503 S. Walnut is a great option for renters looking for apartments in this neighborhood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
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.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby

Considerations

Greater distance from middle schools
The nearest middle school is farther than 2 miles away

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Rent trends in Bloomington

1-bedroom apartments at 1503 S. Walnut cost about 19% less than the average rent price for 1-bedroom apartments in Bloomington.

Median rents as of Mar 7 2026.
Bloomington
A table of studio rental data trends in Bloomington
MonthMedian Rent
March 2024$1,295
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
December 2025$1,019
January 2026$1,031
February 2026$1,108
March 2026$1,099

Affordability calculator

Can I afford to live at 1503 S Walnut St?

Bedrooms

1 bedroom

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

$35,400/yr

With your selected rent-to-income ratio, you'd ideally want to make $35,400 annually to afford this 1-bedroom monthly rent price of $885.
For more information on rent affordability, visit our rent calculator.

Schools near 1503 S. Walnut

Early Learning Center

401 east miller dr

bloomington, IN, 47401

PKPublic

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 S Walnut St

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 S Walnut St, 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 S Walnut St

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

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