Updated 5+ Days Ago
Location
338 S Walnut St, Bloomington, IN 47401, USA
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Property Overview
Walnut Place II earns a strong overall rating, with standout marks for price, amenities, and location that suggest solid value and everyday convenience. Onsite parking adds to its appeal, and nearby top-rated elementary and middle schools are close by, making it well positioned for renters seeking comfort, accessibility, and a well-rounded living experience.
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
Work-from-home
Social life
Eco living
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 635 sqft | $1,200–$1,400 /mo | 10 units available | Located downtown off Walnut! A 3rd floor spacious 1 bedroom 1 bathroom apartment Perks: -Washer and Dryer -Stainless Steel Appliances -Dishwasher -Balcony -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/2.0BA | 2 bed | 2 bath | 850+ sqft | $1,500–$2,000 /mo | 4 units available | Located downtown off Walnut! A 2nd floor spacious 2 bedroom 2 bathroom apartment Perks: -Washer and Dryer -Stainless Steel Appliances -Dishwasher -Balcony -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 |
Let's explore this property.
Amenities for Walnut Place II
Apartment Amenities
| Balcony | Internet Access |
| Water Included |
Appliances
| Dishwasher | In-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
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 14 |
|---|
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About Walnut Place II
Located downtown off Walnut! A 3rd floor spacious 1 bedroom 1 bathroom apartment Perks: -Washer and Dryer -Stainless Steel Appliances -Dishwasher -Balcony -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.
8.3
/10
Very GoodWith 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.
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:
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
- Dishwasher
- Dishwasher available in kitchen
- 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 18% higher than 1-bedrooms in Bloomington.
If you decide to upgrade your space, you can expect 2-bedrooms at Walnut Place II to be 7% more than the average for similarly sized apartments in Bloomington.
Median rents as of Jul 18 2026.
Bloomington
| Month | Median Rent |
|---|---|
| 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 | $1,192 |
| May 2026 | $1,241 |
| June 2026 | $1,199 |
| July 2026 | $1,201 |
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
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 II
Getting around Bloomington near 338 S Walnut St
Walking
8/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate 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
9/10
Wide variety of groceries within a few minutes' walk
Shopping
8/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
9/10
Wide variety of cafés within a few minutes’ walk
Restaurants
9/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
4/10
At least one high school within a 30-minute walk
Nightlife
9/10
Wide variety of bars within a few minutes' walk
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
Gold Casters
430 S Washington St
Mainstream Boutique
215 S Walnut St
Andrew Davis Clothiers
101 W Kirkwood Ave
Mirth
101 W Kirkwood Ave
O Child Boutique
101 W Kirkwood Ave
Inbloom Juicery LLC
116 E 3rd St
Woodsman Coffee Company
116 1/2 S College Ave
Coffee Beanery
228 S Grant St
Parlor Doughnuts
322 E Kirkwood Ave
Soma Coffeehouse
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
Beef Corp of America
535 S Walnut St
Kroger Bakery
528 S College Ave
Murray's Cheese
528 S College Ave
Blu Boy Chocolate Cafe & Cakery
112 E Kirkwood Ave
Rainbow Bakery
201 S Rogers St
The Waldron, Hill and Buskirk Park (Third Street Park)
Seminary Square Park
Wonderlab Garden
Building Trades Park
People's Park
The Chocolate Moose
405 S Walnut St
Chocolate Moose
401 S Walnut St
Bedrak Cafe
409 S Walnut St
Inbloom Juicery LLC
116 E 3rd St
Lan Ramen & Aqua Tea
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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