Find Rentals in Bloomington

Houses for Rent

Apartments for Rent

See Newest Listings

Explore Listings

Browse Apartments

Property Managers

List Your Rentals

Listings Quality Policy

Renter Resources

Avoid Scams & Fraud

Rent vs. Buy Calculator

Rent Affordability Calculator

Help & Support

1 / 3

Verified

Air Conditioning

High-Speed Internet

509 N Walnut

Bloomington, IN 47408 - Monroe County

House

1 beds

1 baths

280 sqft

About 509 N Walnut

Located right off Walnut. A beautiful renovated stand alone studio with a bathroom. Perks: Stainless Steel Appliances. Quartz Countertops. Central Air Conditioning. Family Owned and Operated. 24/7 Emergency Maintenance. Close to Campus, Restaurants and Entertainment. Parking: Private Parking. Utilities: Water, Electric and WiFi (All covered by tenant).

RentalSource last checked: June 8, 2026 · 2:05 PM ET

Last updated: May 15, 2026 at 2:45 PM ET

Managed by: Omega Properties · (812) 333-0995 · Appfolio

Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type:	House
Rental Fee:	$1,000
Bedrooms:	1 beds
Bathrooms:	1 baths

Size:	280 sqft
Pet Friendly:	No
Listing Status:	Active
ID:	83561199

Property Amenities

• Air Conditioning

• High-Speed Internet

Community Features

• Parking

Additional Details

House for rent in Bloomington for $1,000 with 1 bed, 1 bath, 280 sqft and located at 509 N Walnut in Bloomington, IN 47408. The rental price of $1,000 is 13.0% ($149) lower than the average rent of $1,149 for a 1 bedroom house in Bloomington, IN and 12.5% ($143) lower than the average rent of $1,143 for a 1 bedroom house in Monroe County. 509 N Walnut was advertised by Omega Properties on May 5, 2026 at 9:59 AM ET, last updated on May 15, 2026 at 2:45 PM ET and last checked today at 2:05 PM ET.

Affordability Calculator

Can I afford to live at 509 N Walnut?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

10% Recommended 50%

Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.

Recommended income

$40,000 /year

With your chosen rent-to-income ratio, an annual income of $40,000 is recommended to comfortably afford this 1-bedroom rental priced at $1,000 per month.

For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.

House for rent

$1,000

Rent Affordability Calculator

Interested in 509 N Walnut?

Find out more about this property & see if it's available now.

Property managed by:

Omega Properties
(812) 333-0995

Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.

Ask About 509 N Walnut

509 N Walnut, Bloomington, IN 47408 - House for Rent

What's New on the Blog

Explore recent posts on our blog, curated for renters, landlords, and industry pros.

Empty rental unit with natural light, ready for showings and tenant screening

Landlord Resources

10 Steps to Find Renters and Fill Your Vacancy

Vacancies drain cash quickly, and rushed approvals drain it even faster. A repeatable tenant-finding system attracts qualified applicants, filters early, and maintains consistent standards. This consistency also lowers Fair Housing risks under pressure.

June 3, 2026•11 min read

Huntsville, AL

Best Cities for First-Time Renters

Some cities make first-time renting harder than it needs to be with limited inventory and strict screening, which can magnify minor issues. These cities offer more flexibility, better availability, and easier recovery for new renters.

May 27, 2026•11 min read

Property management contract and financial documents on a desk

Landlord Resources

What a Property Manager Actually Does

Hiring a property manager shifts stress, but it trades direct control for operational coverage. The contract outlines responsibilities, so clarity before signing is key to avoiding costly regrets.

May 20, 2026•10 min read

Paying rent online with a credit card using a laptop

Renter Resources

Using a Credit Card to Pay Rent

Paying rent with a credit card is only beneficial if the fees are low and you pay the balance in full each month. High processing fees, cash-advance charges, and increased utilization can outweigh rewards and delay rent posting.

May 13, 2026•11 min read

Reviewing lease paperwork before adding someone to an existing lease

Renter Resources

Best Way to Add Someone to an Existing Lease

Adding an adult occupant mid-lease can lead to lease violations, unexpected fees, or shared debt. To avoid issues, get landlord approval, handle screening, and complete the necessary paperwork to clarify everyone's rights and responsibilities.

May 6, 2026•11 min read

Dallas, TX

10 Cities People Are Moving to in 2026

Migration is reshaping rental demand. These cities show ongoing inbound moves driven by job growth, housing trade-offs, and lifestyle fit. Use these signals to time a move, price a rental, or identify tightening competition.

April 29, 2026•11 min read

Lease agreement with house keys illustrating security deposit alternatives

Landlord Resources

Security Deposit Alternatives for Renters and Landlords

Lower upfront costs can make signing easier, but fees, claim rules, and reimbursement risks often surface later. Compare the most common options so you can choose what actually fits your lease and tolerance for risk.

April 22, 2026•11 min read

Envelope labeled non-renewal of lease on a desk with rental paperwork

Landlord Resources

How to Write a Non-Renewal Lease Letter to Tenants

A non-renewal letter ends a lease cleanly when it’s clear, timely, and documented. Use the proper notice period, neutral language, and outline move-out steps to avoid disputes and compliance issues.

April 15, 2026•12 min read

Historic apartment building with fire escapes and window air conditioners

Renter Resources

What to Know About Renting in a Historic Building

Historic rentals look great on tour, but daily life depends on old systems, building rules, and how the building is managed. Before you sign, test noise, comfort, repair process, layout limits, and your actual monthly cost, and know which changes could put your deposit at risk.

April 8, 2026•12 min read

List Your Property for Rent

Are You a Rental Professional?

Advertise on RentalSource, Zillow, Realtor.com, Zumper and more to attract quality tenants faster and take your listings to the next level.

Was this page helpful?