1 Day Ago
Highlights
- High-end stainless steel appliances
- Hardwood floors
- On site parking available
Location
340 S Walnut St, Bloomington, IN 47401, USA
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Property Overview
Walnut Place - 340 S. Walnut achieves an impressive Zumper Expert Rating of 8.5, reflecting its strong overall value. It features high-end stainless steel appliances, hardwood floors, and on-site parking, making it appealing for prospective renters. Additionally, its prime location provides easy access to quality schools, further enhancing its desirability while being competitively priced relative to its outstanding amenities.
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
Elementary school nearby- Middle school nearby
- Dishwasher
Great for
Social life
Work-from-home
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 647+ sqft | $957–$1,500 /mo | 8 units available | Located Between 2nd & 3rd Street WORK FORCE HOUSING FOR QUALIFIED APPLICANTS! RENT IS BASED ON INCOME! 1 Bedroom located on the 2nd floor 1 Bath Open floor plans High-End Stainless Steel Appliances Hardwood Floors W/D, D/W, A/C On site parking available Internet, water and trash removal included Average Electric: $69 | |
| 2BR/1.0BA | 2 bed | 1 bath | 761+ sqft | $1,450–$1,850 /mo | 10 units available | Located Between 2nd & 3rd Street 2 Bedroom located on the first floor 1 Bath Open floor plans High-End Stainless Steel Appliances Hardwood Floors W/D, D/W, A/C On site parking available Internet, water, and trash removal included Average Electric: $88 |
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Amenities for Walnut Place - 340 S. Walnut
Apartment Amenities
| Dryer | Internet Access |
| Water |
Appliances
| Dishwasher | In-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
| Units | 19 |
|---|
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About Walnut Place - 340 S. Walnut
Located Between 2nd & 3rd Street WORK FORCE HOUSING FOR QUALIFIED APPLICANTS! RENT IS BASED ON INCOME! 1 Bedroom located on the 2nd floor 1 Bath Open floor plans High-End Stainless Steel Appliances Hardwood Floors W/D, D/W, A/C On site parking available Internet, water and trash removal included Average Electric: $69
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 GoodWith 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.
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:
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
- Dishwasher
- Dishwasher available in kitchen
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Bloomington
1-bedroom apartments here are priced 11% 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 6% less than the average for similarly sized apartments in Bloomington.
Median rents as of Feb 21 2026.
Bloomington
| Month | Median 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 | $1,102 |
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
Mainstream Boutique
215 S Walnut St
Andrew Davis Clothiers
101 W Kirkwood Ave
Elliemae's Boutique
101 W Kirkwood Ave
Mirth
101 W Kirkwood Ave
Tivoli Fashions
101 W Kirkwood Ave
Inbloom Juicery LLC
116 E 3rd St
Woodsman Coffee Company
116 1/2 S College Ave
Stefano's
101 W Kirkwood Ave
Coffee Beanery
228 S Grant St
Parlor Doughnuts
322 E Kirkwood Ave
Bluetip
426 S College Ave
Back Door
207 S College Ave
The Atlas Ballroom
209 S College Ave
Serendipity Martini Bar
201 S College Ave
Root Cellar
108 E Kirkwood Ave
Kroger Bakery
528 S College Ave
Blu Boy Chocolate Cafe & Cakery
112 E Kirkwood Ave
Rainbow Bakery
201 S Rogers St
The Peach Cobbler Factory
115 N College Ave
Bloomington Bagel Co
238 N Morton St
Chocolate Moose
401 S Walnut St
The Chocolate Moose
405 S Walnut St
Bedrak Cafe
409 S Walnut St
Lan Ramen & Aqua Tea
250 S Washington St
Love Restaurant Inc
250 S Washington St
Walnut St & Smith Ave @ Project School
1 South Walnut / Clear Creek Shoppping Center, 2 South Rogers
Washington St and Smith Ave
1 South Walnut / Clear Creek Shoppping Center, 2 South Rogers
Departing Transit Center
1 Fee Lane BHS North, 1 South Walnut / Clear Creek Shoppping Center, 10 East 10th / IU Health Hospital, 2 South Rogers, 2 West 11th St via Showers Complex, 3 College Mall / East 3rd Street, 3 Highland Village / Curry Pike, 4 High Street / Sherwood Oaks, 4 Bloomfield Road, 5 Sare Road
3rd & Walnut
1 South Walnut / Clear Creek Shoppping Center, 2 South Rogers, 3 College Mall / East 3rd Street
Walnut & 2nd
1 South Walnut / Clear Creek Shoppping Center
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