5+ Days Ago
Location
501 N Walnut St, Bloomington, IN 47404, USA|Old Northeast
Hi! Let’s figure out if this property is right for you.
Powered by Zumper AI
Nearby rentals
Renter hub
Property management
Apartments for rent BloomingtonApartments for rent GreenwoodApartments for rent Valley MillsApartments for rent FranklinApartments for rent Five PointsApartments for rent CambyApartments for rent Old NortheastApartments for rent I65-South EmersonApartments for rent South PerryApartments for rent GalludetApartments for rent Elm HeightsApartments for rent PlainfieldApartments for rent New PalestineApartments for rent Glenn's ValleyApartments for rent Hill ValleyApartments Near Me
Houses for rent BloomingtonHouses for rent Near SoutheastHouses for rent GreenwoodHouses for rent SouthportHouses for rent Near SouthsideHouses for rent EdgewoodHouses for rent SouthportHouses for rent Beech GroveHouses for rent MartinsvilleHouses for rent ShelbyvilleHouses for rent Elm HeightsHouses for rent ColumbusHouses for rent Old NortheastHouses for rent Southeast WarrenHouses for rent BedfordHouses for rent near me
Property Overview
501 N Walnut offers strong amenities (8/10) and an excellent location (9/10), with many daily needs, mixed-use spaces, and 196 restaurants within walking distance, supporting an active social lifestyle. The property is relatively high in value per square foot for the area, has a transparent and detailed listing (7/10 trustworthiness), and is within about 0.7 miles of a top-rated high school, making it a compelling option to consider even if not every feature is perfect.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby- More space
Great for
Social life
Floor plans
| 501 N. Walnut - Luxury Apartments - 4 Bed/3 Bath! - INDIVIDUAL LEASE! | 4 bed | 3 bath | 1,850 sqft | $750–$2,999 /mo | 2 units available |
Let's explore this property.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 6 |
|---|
Advertisement
About 501 N Walnut
501 N Walnut cost $750–$2,999 per month. Located at 501 N Walnut St, Bloomington, IN 47404, USA, 501 N Walnut has 4 bedroom units available. Based on the average rent price of 4 bedrooms in Bloomington, renting an apartment at 501 N Walnut is 6% cheaper per month.Other apartment buildings in or around Bloomington include but are not limited to: 417 E Hillside Dr, 902 S Maxwell Ter
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.
6.5
/10
Good501 N 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 Price, but it offers a satisfying, above-average quality of life.
Price·4A 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.
Monthly rent at 501 N Walnut is less expensive than other properties in the neighborhood. Because of the risk associated with the significant cost difference, this building received a 4/10. Expect to pay less, but only get the basic necessities.
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 N 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.
501 N 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 501 N 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.
501 N 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.
501 N Walnut is great 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 N Walnut compares to other nearby properties.
Positives
- High school nearby
- There is a high school 1 mile away
- More space
- The 4-bedroom is 122 sqft larger than other listings nearby
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Old Northeast
4-bedroom apartments at 501 N Walnut cost about 86% less than the average rent price for 4-bedroom apartments in Old Northeast.
Median rents as of Apr 18 2026.
Old Northeast
Bloomington
| Month | Median Rent |
|---|---|
| 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 |
| April 2026 | $1,164 |
| Month | Median Rent |
|---|---|
| May 2024 | $1,438 |
| June 2024 | $1,430 |
| July 2024 | $1,305 |
| August 2024 | $1,399 |
| 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 |
Affordability calculator
Can I afford to live at 501 N Walnut St?
Bedrooms
4+ 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
$30,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $30,000 annually to afford this 4-bedrooms monthly rent price of $750.
For more information on rent affordability, visit our rent calculator.
Schools near 501 N Walnut
Early Learning Center
401 east miller dr
bloomington, IN, 47401
PKPublic
University Elementary School
1111 n russell rd
bloomington, IN, 47408
PK, K-6Public
A
Advertisement
Internet available near 501 N Walnut
Getting around Bloomington near 501 N Walnut St
Walking
8/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
4/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 501 N Walnut St, Bloomington
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
7/10
Several shops within a few minutes’ walk
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
7/10
Variety of restaurants within a few minutes' walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
4/10
At least one high school within a 20-minute walk
Nightlife
5/10
Some bars within a few minutes’ walk
Explore the area around 501 N Walnut St
Bloomington Cooperative Services Inc
316 W 6th St
Little Italy Market
421 E 3rd St
Bloomington Costley Co
1120 N Walnut St
Red Authentic Chinese Restaurant
1402 N Walnut St
Kroger
528 S College Ave
Lola Rue
114 N Walnut St
Chico's
102 N Walnut St
Elliemae's Boutique
101 W Kirkwood Ave
Andrew Davis Clothiers
101 W Kirkwood Ave
Mirth
101 W Kirkwood Ave
Crumble Coffee-Bakery at 10
532 N College Ave
Revolution Bike & Bean
401 E 10th St
Brilliant Coffee Co
217 W 6th St
Woodsman Coffee Company
116 1/2 S College Ave
Parlor Doughnuts
322 E Kirkwood Ave
Kilroy's Sports Bar
319 N Walnut St
Yogi's
302 N Walnut St
Video Saloon
105 W 7th St
La Una Cantina
254 N Walnut St
Bluebird Nightclub
216 N Walnut St
Bloomington Bagel Co
238 N Morton St
The Peach Cobbler Factory
115 N College Ave
Blu Boy Chocolate Cafe & Cakery
112 E Kirkwood Ave
Wild AK Salmon & Seafood Co
316 W 6th St
Rainbow Bakery
201 S Rogers St
Papa Johns
415 N Walnut St
Kilroy's Sports Bar
319 N Walnut St
Homey
306 N Walnut St
Yogi's
302 N Walnut St
Taco Bell
309 N Walnut St
7th St & Walnut St
6 Campus Shuttle
7th St & Washington St
2 West 11th St via Showers Complex, 6 Campus Shuttle
College Ave & 9th St
2 West 11th St via Showers Complex, 6 Campus Shuttle
Morton St & 7th
2 West 11th St via Showers Complex
College Ave & 10th St
2 West 11th St via Showers Complex, 6 Campus Shuttle
Compare similar properties nearby
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry