Zumper
modified
5+ Days Ago

Highlights

  • Hardwood floors
  • Stainless steel appliances
  • Open floor plan
  • High end stainless steel appliances
  • On site parking available

Location

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

Management

Omega Properties

Leasing office

(812) 333-0995

Property Overview

Walnut Place II is rated highly with an 8.3/10 overall score, reflecting a strong balance of price, amenities, and location ratings, each at 9/10. Its proximity to top-rated schools, parks, and numerous dining options enhances its appeal as a vibrant community. The property promotes sustainability and social engagement with accessible public transit and ample green spaces, contributing to an elevated quality of life for its residents.

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

8.3
Very Good
With a solid 8.3 out of 10 overall, Walnut Place II is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Walnut Place II 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
  • Outdoor space

Great for

  • Eco living
  • Social life

Floor plans

1BR/1.0BA1 bed1 bath635 sqft$1,200–$1,300 /mo5 units availableGreat location! Just two blocks from Kirkwood. 1 Bedroom located on the 2nd floor 1 Bath 635 Sq Ft Open floor plan Hardwood floors Stainless Steel appliances W/D, D/W, A/C Internet, water and trash removal included Average Electric: $83
2BR/2.0BA2 bed2 bath850+ sqft$1,500–$2,000 /mo3 units availableGreat location! Just two blocks from Kirkwood. 2 Bedroom located on the 3rd floor 2 Bath Open floor plan 910 Sq Ft High end stainless steel appliances Hardwood floors W/D, D/W, A/C Internet, water and trash removal included On site parking available Average Electric: $103

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Amenities for Walnut Place II

Apartment Amenities

BalconyInternet Access
Water Included

Appliances

DishwasherIn-Unit Laundry

Tech

Internet Included

Services

Trash Removal Included
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

Contact for more information on pet policy.

Building details

Property details

Units14
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About Walnut Place II

HomeApartments in Bloomington Walnut Place II

Great location! Just two blocks from Kirkwood. 1 Bedroom located on the 2nd floor 1 Bath 635 Sq Ft Open floor plan Hardwood floors Stainless Steel appliances W/D, D/W, A/C Internet, water and trash removal included Average Electric: $83


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.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, Walnut Place II is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Walnut Place II 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 II
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.
Walnut Place II 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·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 II goes above and beyond to provide sought-after conveniences and desirable perks, including trash removal included. Renters looking for popular or luxurious features will find them here—and for that reason, Walnut Place II 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 II 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 II 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 II 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 II is great for:

Eco living

  • You can get around by foot in this area
  • Public transit available nearby
  • On-site recycling or composting options
  • 19 parks within a mile

Social life

  • Areas nearby are accessible by walking
  • 155 restaurants within 1 mile of this property
  • The area has transit options
  • Diverse age groups live in this area

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 II 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
Outdoor space
Easy access to the outdoors

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 17% higher than 1-bedrooms in Bloomington.

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

Median rents as of Sep 20 2025.
Bloomington
A table of studio rental data trends in Bloomington
MonthMedian Rent
October 2023$1,246
November 2023$1,286
December 2023$1,220
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$999

Affordability calculator

Can I afford to live at 338 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

$48,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $48,000 annually to afford this 1-bedroom monthly rent price of $1,200.
For more information on rent affordability, visit our rent calculator.

Schools near Walnut Place II

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 II

Getting around Bloomington near 338 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 338 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 338 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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