Zumper
modified
5+ Days Ago

Highlights

  • Wifi
  • Dishwasher
  • Hardwood floors
  • 24/7 emergency maintenance
  • Central air conditioning
  • Washer and dryer

Location

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

Management

Omega Properties

Leasing office

(812) 333-0995

Property Overview

Walnut Place - 340 S. Walnut offers a strong overall Zumper rating of 8.5 out of 10, reflecting its competitive pricing and extensive amenities, rated 9 out of 10, including wifi, central air, and 24/7 maintenance. Its prime location, close to top-rated schools and popular points of interest, receives a 9 out of 10, further enhancing the living experience, while a trustworthiness rating of 7 indicates a commitment to transparency in property management.

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.

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, Walnut Place - 340 S. Walnut is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Walnut Place - 340 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.

Things you’ll love

  • Elementary school nearby
  • Middle school nearby
  • More space

Great for

  • Social life
  • Work-from-home

Floor plans

1BR/1.0BA1 bed1 bath647+ sqft$957–$1,500 /mo8 units availableWORK FORCE HOUSING UNIT- Must meet certain income requirements to occupy. Located downtown off Walnut! A main floor spacious 1 bedroom 1 bathroom apartment Perks: -Washer and Dryer -Stainless Steel Appliances -Dishwasher -13 Foot Ceilings -Hardwood Floors -Central Air Conditioning -Family Owned and Operated -24/7 Emergency Maintenance -Close to Campus, Restaurants, and Entertainment Parking: Onsite parking available first come, first serve ($100/mo) Utilities Covered by Omega: Water, Trash, and Wifi Utilities Covered by Tenants: Electric
2BR/1.0BA2 bed1 bath761+ sqft$1,450–$1,850 /mo11 units availableLocated downtown off Walnut! A main floor spacious 2 bedroom 1 bathroom apartment Perks: -Washer and Dryer -Stainless Steel Appliances -Dishwasher -13 Foot Ceilings -Hardwood Floors -Central Air Conditioning -Family Owned and Operated -24/7 Emergency Maintenance -Close to Campus, Restaurants, and Entertainment Parking: Onsite parking available first come, first serve ($100/mo) Utilities Covered by Omega: Water, Trash, and Wifi Utilities Covered by Tenants: Electric

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Amenities for Walnut Place - 340 S. Walnut

Apartment Amenities

DryerInternet Access
Water

Appliances

DishwasherIn-Unit Laundry
Washer and Dryer

Tech

Internet

Services

Trash Removal
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

Units19
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About Walnut Place - 340 S. Walnut

HomeApartments in Bloomington Walnut Place - 340 S. Walnut

WORK FORCE HOUSING UNIT- Must meet certain income requirements to occupy. Located downtown off Walnut! A main floor spacious 1 bedroom 1 bathroom apartment Perks: -Washer and Dryer -Stainless Steel Appliances -Dishwasher -13 Foot Ceilings -Hardwood Floors -Central Air Conditioning -Family Owned and Operated -24/7 Emergency Maintenance -Close to Campus, Restaurants, and Entertainment Parking: Onsite parking available first come, first serve ($100/mo) Utilities Covered by Omega: Water, Trash, and Wifi Utilities Covered by Tenants: Electric


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.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, Walnut Place - 340 S. Walnut is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Walnut Place - 340 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.
How we rated Walnut Place - 340 S. Walnut
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.
Walnut Place - 340 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·9A 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.
Walnut Place - 340 S. Walnut goes above and beyond to provide sought-after conveniences and desirable perks, including trash removal. Renters looking for popular or luxurious features will find them here—and for that reason, Walnut Place - 340 S. Walnut receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Walnut Place - 340 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 Walnut Place - 340 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.
Walnut Place - 340 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.

Walnut Place - 340 S. Walnut is great for:

Social life

  • 199 restaurants within 1 mile of this property
  • Diverse age groups live in this area
  • Area has 22 parks and recreation options
  • A bustling neighborhood

Work-from-home

  • High speed internet is an amenity
  • 4 internet service provider options nearby
  • 2 office supply stores within 1 mile
  • 2 coworking spaces or cafes within 1 mile

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 Walnut Place - 340 S. Walnut compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.0 mile away
Middle school nearby
There is a middle school 1 mile away
More space
The 1-bedroom is 51 sqft larger than other listings nearby
Dishwasher
Dishwasher available in kitchen

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away
Lacks images
Fewer than 10 photos available for this location

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Rent trends in Bloomington

1-bedroom apartments here are priced 13% lower than 1-bedrooms in Bloomington.

If you decide to upgrade your space, you can expect 2-bedrooms at Walnut Place - 340 S. Walnut to be 9% less than the average for similarly sized apartments in Bloomington.

Median rents as of Apr 11 2026.
Bloomington
A table of studio rental data trends in Bloomington
MonthMedian Rent
April 2024$1,253
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$1,159

Affordability calculator

Can I afford to live at 340 S Walnut St?

Bedrooms

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

$38,280/yr

With your selected rent-to-income ratio, you'd ideally want to make $38,280 annually to afford this 1-bedroom monthly rent price of $957.
For more information on rent affordability, visit our rent calculator.

Schools near Walnut Place - 340 S. Walnut

Early Learning Center

401 east miller dr

bloomington, IN, 47401

PKPublic

Rogers Elementary School

2200 e 2nd st

bloomington, IN, 47401

K-2Public
B+

Binford Elementary School

2300 e second st

bloomington, IN, 47401

PK, K-6Public
A
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Internet available near Walnut Place - 340 S. Walnut

Getting around Bloomington near 340 S Walnut St

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

5/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

6/10
Frequent public transit options are within walking distance.

Points of interest for 340 S Walnut St, Bloomington

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

7/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

7/10
Variety of restaurants within walking distance

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

3/10
No high schools within a 30-minute walk

Nightlife

5/10
Some bars within walking distance

Explore the area around 340 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
Red Authentic Chinese Restaurant
1402 N Walnut St

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