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501 N Walnut St offers a strong mix of convenience, value, and everyday comfort, with a 7.1 Zumper expert rating, a 9/10 location score, and solid amenities and trustworthiness marks. Notable features include a private balcony, in-unit washer and dryer, updated eat-in kitchen, vinyl plank flooring, carpeted bedrooms, and professional management, while its value per square foot and nearby top-rated high school add to its appeal.
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More spaceHigh school nearbyGreat for
Social life| 501 N. Walnut - Luxury Apartments - 4 Bed/3 Bath! - INDIVIDUAL LEASE! | 4 bed | 3 bath | 1,850 sqft | $699–$1,999 /mo | 2 units available |
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Building
| Cats OK | Dogs OK |
One-time.
One-time. Refundable.
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| Units | 6 |
|---|
Live in one of Bloomington’s most desirable locations at 501 N Walnut St—just minutes from Indiana University and within walking distance to downtown, restaurants, and nightlife. This 4 bedroom, 3 bathroom apartment features a spacious layout with lofted design elements, large bedrooms, and plenty of room for roommates to spread out. The updated eat-in kitchen includes full-size appliances, while the unit also features vinyl plank flooring in common areas and carpeted bedrooms for comfort. Enjoy added features like an in-unit washer and dryer, a private balcony, and a layout that works perfectly for larger groups. Click to view our 360 tour: https api realync com s ZtUVQCZaG Property Highlights • 4 Bedrooms / 3 Bathrooms | ~1,850 Sq Ft • ~$850/person – Great Value for Size & Location • Appliances Included: Refrigerator, Oven/Stove, Dishwasher & Microwave • Updated Eat-In Kitchen • Lofted Layout with Spacious Living Areas • Vinyl Plank Flooring + Carpeted Bedrooms • In-Unit Washer and Dryer • Private Balcony • Walkable to Downtown & IU Campus • Professionally Managed by Granite Student Living Utilities • Internet included • $40/month internet tech support & trash fee • Tenants responsible for water, sewer, and electric Pet Policy • Pets welcome • $299 pet screening fee • $50/month pet rent per pet • Breed restrictions apply
How 501 N Walnut St compares to other nearby properties.
Positives
4-bedroom apartments at 501 N Walnut St cost about 85% less than the average rent price for 4-bedroom apartments in Old Northeast.
| Month | Median Rent |
|---|---|
| August 2024 | $1,209 |
| 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 |
| April 2026 | $1,192 |
| May 2026 | $1,241 |
| June 2026 | $1,199 |
| July 2026 | $1,200 |
| August 2026 | $1,199 |
| Month | Median Rent |
|---|---|
| August 2024 | $1,402 |
| September 2024 | $1,331 |
| 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 |
Can I afford to live at 501 N Walnut St?
Bedrooms
4+ bedroomsRent-to-income ratio
30%
$27,960/yr
401 east miller dr
bloomington, IN, 47401
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