5+ Days Ago
Location
501 N Walnut St, Bloomington, IN 47404, USA|Old Northeast
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Property Overview
501 N Walnut presents an overall highly favorable profile, evidenced by an 8 out of 10 expert rating and competitive pricing that aligns well with its amenities and location. Residents can enjoy an impressive range of amenities, excellent proximity to local cultural hubs, and a vibrant social scene, highlighted by numerous restaurants and event venues within walking distance. The property’s transparency and trustworthiness further enhance its appeal, making it a compelling choice for prospective renters.
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! | 4 bed | 3 bath | 1,850 sqft | $4,500 /mo | 1 unit available |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Building details
Property details
| Units | 6 |
|---|
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About 501 N Walnut
501 N Walnut cost $4,500 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 43% more expensive per month.Other apartment buildings in or around Bloomington include but are not limited to: 602 North Morton Street, 532 North Morton Street, 217 W 6th St, 416 North Lincoln 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.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, 501 N Walnut is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 501 N 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·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.
501 N Walnut 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, 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 86 sqft larger than other listings nearby
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Rent trends in Old Northeast
4-bedroom apartments at 501 N Walnut cost about 16% less than the average rent price for 4-bedroom apartments in Old Northeast.
Median rents as of Nov 29 2025.
Old Northeast
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 |
| Month | Median Rent |
|---|---|
| December 2023 | $1,119 |
| January 2024 | $1,194 |
| February 2024 | $1,269 |
| March 2024 | $1,271 |
| April 2024 | $1,332 |
| 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 |
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
$180,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $180,000 annually to afford this 4-bedrooms monthly rent price of $4,500.
For more information on rent affordability, visit our rent calculator.
Schools near 501 N Walnut
University Elementary School
1111 n russell rd
bloomington, IN, 47408
PK, K-6Public
A
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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
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