518 E Walnut St #1/2, River Falls, WI 54022
Property image
Property image
FOR RENT

$985/mo

Original price: $1,010
  • 2 Beds
  • 1 Bath

518 E Walnut St #1/2, River Falls, WI 54022

Available now
Cost and fees breakdown
Price may not include required fees and charges.

Home Highlights

Apartment
Garage
No Pets
Laundry
Forced Air Heating
$985 deposit

Local Information

  • Map ViewExplore the area around 518 E Walnut St #1/2.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

This is a 2-bedroom, 1 bath located on the main floor of a duplex. The property is situated in a highly walkable area, just 2 blocks from the UWRF campus and 5 blocks from Main Street. Appliances include stove and fridge. One side of the 2-car garage and off-street parking is shared between both units. No laundry on-site. Tenant may provide own a/c. Natural gas forced air heat. Tenant pays gas, electric & trash. Rent includes water, sewer, lawn care and snow removal. This property does not allow pets.

All information deemed accurate but not guaranteed. Some pictures may not be of the exact unit as we may not have them for all units, however, they will be of a unit with a similar layout. If square footage is given, it may not be exact but a rough estimate and may include the total square footage of the home, which could include unfinished areas.

**Disclaimer: Security deposit amount is determined at the time that your application is processed. It will be, at a minimum, equal to one month's rent but may be higher. In some cases, we may also require a cosigner**

**PLEASE NOTE: WE DO REQUIRE APPLICANTS TO APPLY ON OUR WEBSITE - WE WILL NOT ACCEPT ANY OTHER APPLICATIONS**

Tenant pays gas, electric and half of the monthly trash bill.

Details for 518 E Walnut St #1/2

Interior Features

Heating & Cooling
Heating: Forced AirHeating Fuel: Forced Air
Appliances & Utilities
Refrigerator
Levels, Entrance, & Accessibility
Floors: Carpet

Property Information

Property Type / Style
Property Type: Apartment

Rental Terms, Policies & Fees

Lease Term: 1 YearAvailable: nowDeposit: $985

Exterior Features

Parking & Garage
GarageParking: Detached Garage Off Street, On Site
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Costs and Fees

Required monthly rent & fees
  • Base rent
    $985/mo
Required one-time fees
  • Security deposit
    $985
  • Application fee
    $35
  • Administrative fee
    Contact for details
Pricing is subject to change. All calculations are estimates and provided for informational purposes only. Actual amounts may include additional mandatory or optional fees. Please consult the community manager for a complete breakdown of all rental costs.
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Rental Market Trends in River Falls

Last updated Sep 2026
Trulia Rent Estimate$822/mo
Average rent
$1.1K
$305MoM
Available listings
64
View rental market trends in River Falls, WI

Around this home

What Locals Say about River Falls

At least 99 Trulia users voted on each feature.

  • 97 % Say it's dog friendly

  • 82 % Say parking is easy

  • 82 % Say people would walk alone at night

  • 81 % Say car is needed

  • 78 % Say kids play outside

  • 78 % Say yards are well-kept

  • 75 % Say it's walkable to restaurants

  • 73 % Say it's walkable to grocery stores

  • 73 % Say there's holiday spirit

  • 69 % Say it's quiet

  • 68 % Say there are sidewalks

  • 65 % Say streets are well-lit

  • 57 % Say they plan to stay for at least 5 years

  • 56 % Say neighbors are friendly

  • 53 % Say there's wildlife

  • 44 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Alec Demskie
    "Great dog friendly community but most people do have animals and not all are great about on leash. Make sure to pick up and keep animals leashed in public spaces "
    0
    Flag
  • Lanie J.
    "It's really like any other neighborhood. There's a dog park and many restaurants to choose from. People are nice too. "
    0
    Flag
  • Joy C.
    "There's a lot of places to walk around, with beautiful parks and trails! and the river is nice to swim in, for dogs or people :)"
    2
    Flag
  • Hudson8317
    " University town with a high standard for their education all levels. Downtown is with in walking distance. "
    1
    Flag
  • Jamie P.
    "Bacon Days, weekend car shows and art shows, a wonderful movie theater where movies are only $5, local thrift shops and many great places to eat"
    1
    Flag
  • Bryce S.
    "great parks, safe neighborhoods, can leave houses unlocked (not that you should), college town so gets busy downtown seasonally."
    1
    Flag
  • Bryce S.
    "Community events are held often to engage the whole city and to bridge the gap between university students and the permanent community members"
    0
    Flag
  • Jamie P.
    "Lots of good places to walk the dogs, even some trails. There isn’t a dog park in town but there is one close by in Hudson."
    0
    Flag
  • Heather D.
    "Tons of dogs go for walks here :-) Dog park is only a 5min drive. Dog owners are friendly. ........."
    0
    Flag
  • Heather D.
    "Music in the park, neighbors have bbq sometimes, UW-River Falls has events open to the public, great dog park just outside of River Falls."
    0
    Flag
  • Norareid50
    "This neighborhood offers quick access to the major routes going to 94 and the Twin Cities for those commuting. A car is necessary here. "
    0
    Flag
  • Katekraemer05
    "This is a great place to raise kids! Small town feel but the convenience of a suburb. Just 30 mins from Saint Paul. Very safe wonderful community! Good parks and fun shops downtown. Great school district!"
    0
    Flag
  • Norareid50
    "Music in the Park River Falls Day Art on the Kinnickinnic UWRF music and arts events Lots of parades and festivals"
    0
    Flag
  • Speak1
    "Very dog friendly. Lots of dog walkers and new dog park just outside of town. People enjoy parks and outdoor concerts with their dogs. "
    0
    Flag
  • Norareid50
    "I have lived here for 15 years. The neighborhood is very stable and friendly. Dog and human friendly. Lots of walking and everything within a short distance."
    0
    Flag
  • Chloe M.
    "Even with it being mostly rentals with people in and out I feel safe. We had one scare before we were even moved in but have been here almost 2 years now and we feel very safe and never have to worry about being home alone at night or anything. Packages (that come too often lol) are never touched "
    1
    Flag
  • Trout H.
    "I live in an apartment. I love the town. Lots of activities in the summer. Rough winter. Rents are pretty high and housing market is extremely tight"
    0
    Flag
  • Lauramcdonald1980
    "Amazing place to live and we just love everything about it! Very beautiful and the town alwasys has things to do and the schools are amazing. "
    0
    Flag
  • Laura Zlogar
    "It is close to the river, houses and yards are all well kept, and the neighborhood is very safe and quiet."
    0
    Flag
  • Norareid50
    "Lots of dogs in the neighborhood. Lots of folks out walking. Very friendly new dog park just opened."
    0
    Flag
  • Norareid50
    "We have a great movie theater, beautiful parks and trails, world class trout stream and a great University."
    0
    Flag
  • Brittany n.
    "So many friendly people in the area. It is a really cute small town that is growing. There are so many walking trails along with many things to do in the area. Cute downtown with many restaurant and shopping. There is also a great public pool that is great for the summer."
    0
    Flag
  • Cole B.
    "I've lived here my whole life 28 years and counting. Its got a great community, peaceful living, and good school district. "
    0
    Flag
  • Agille
    "Everyone is friendly. Lots of people own dogs and bind over that. It’s a small town community with many personal connections. Community embers support our local businesses. The community denies big name agencies like WalMart so we can keep local businesses afloat and support them. Everyone is willing to lend a helping hand when needed. "
    0
    Flag
  • Chloe M.
    "there's a lot of apartment buildings. most people are friendly and the laws are always taken care of "
    0
    Flag

Local Legal Protections

LGBTQ • Source of Income

Price and Tax history

DateEventPrice
Jul 30, 2026
Source: Zillow Rentals
PriceChange
$985
Price decreased by 2%
Jul 6, 2026
Source: Zillow Rentals
PriceChange
$1,010
Price decreased by 8%
May 21, 2026
Source: Zillow Rentals
Listed For Rent
$1,100
Apr 24, 2025
Source: Zillow Rentals
ListingRemoved
$1,000
Jan 13, 2025
Source: Zillow Rentals
Listed For Rent
$1,000
Applegate, Inc.
Applegate Inc

Frequently asked questions about 518 E Walnut St #1/2

  • What income do you need to rent 518 E Walnut St #1/2?
    Most landlords look for monthly gross income of about 3× rent, or roughly $35K per year to rent 518 E Walnut St #1/2 in River Falls, WI at $985/mo.
  • What's the average rent in River Falls?
    The average rent in River Falls is $1,095 per month.
  • How does the rent for 518 E Walnut St #1/2 compare to similar 2-bedroom apartments in River Falls?
    518 E Walnut St #1/2 in River Falls, WI rents about 25% below the area average for 2-bedroom apartments in River Falls ($1,309/mo).
  • What do residents say about River Falls?
    Residents describe River Falls, WI as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See apartments for rent in River Falls, WI.

Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
$35,460 PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.

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518 E Walnut St #1/2, River Falls, WI is a 2 bedroom, 1 bathroom apartment. 518 E Walnut St #1/2 was listed for rent for $985/month on May 21, 2026.