4207 Walnut St #B · Apartment for Rent

Comfortable 1-bedroom, 1-bath duplex that feels like home the moment you walk in! Gorgeous wood-look luxury vinyl planking flows throughout, giving you beauty and easy maintenance. Best of all, electricity & water are INCLUDED in your rent, so no surprise bills at the end of the month (as long as usage stays within the included allowance)! Start your day in the large walk-in shower, then unwind under the bedroom ceiling fan on those warm West Texas evenings. With a dedicated laundry area, say goodbye to laundromats and their costs! Perfect for Contract Workers. Tired of hotels and fast food? Make this your home while on assignment: ✅ Cook your own meals and save hundreds over dining out ✅ Laundry on your schedule, right at home ✅ Carport parking protects your vehicle from the Texas sun and hail THE DETAILS: + 1 Bedroom, 1 Bath + Wood-Look Luxury Vinyl Planking Throughout + Large Walk-In Shower + Dedicated Laundry Area + Carport Parking + Ceiling Fan in Bedroom + Electricity & Water Included in Rent! Whether you're here for a contract project or putting down roots, you get comfort, convenience, and all-inclusive affordability with zero hidden costs. Schedule your tour today, homes like this don't last long! ______________________________ ADDITIONAL FEES: * RENTAL APPLICATION * Five16 Property Management requires that every person 18 years of age or older who will be living in the property submit a completed Rental Application. A non-refundable application fee of $45 is required per applicant to cover screening costs. All applications are evaluated holistically based on the criteria outlined below. APPLICATION REQUIREMENTS - CREDIT SCORE: Minimum score of 600 for standard approval. Applicants with numerous credit accounts in collections or charged-off statuses may face denial regardless of score. - INCOME REQUIREMENTS: Gross monthly income must equal at least 3 times the monthly rent. Verification via recent pay stubs, tax returns, or bank statements is required. - RENTAL HISTORY: Clean rental history for the past 2–5 years. Prior evictions or significant lease violations within this period are typically disqualifying. - CRIMINAL BACKGROUND: Criminal background check conducted on all adult applicants. The look-back period typically spans 7 years, with severity and nature of offenses evaluated on a case-by-case basis. - DEBT OBLIGATIONS: While the 3x income rule broadly addresses debt-to-income ratios, existing substantial debt obligations may be reviewed separately. CONDITIONAL APPROVAL If the Credit Score falls between 500–600 but all other requirements are acceptable, Five16 Property Management may offer Approval with Condition. This offers approval under the condition that the applicant pays an increased Security Deposit equal to 1.5–2 times the monthly rent. Scores below 500 typically result in automatic denial. FINAL DISCRETION Five16 Property Management retains final discretion to approve or deny any application based on the totality of circumstances. Meeting minimum thresholds does not guarantee approval. Compensating factors such as excellent rental references, co-signers, or proof of reserves may be considered on a case-by-case basis. [Policy effective August 2026 | Subject to revision based on market conditions and legal requirements] ** PET POLICY ** We understand that pets are cherished members of the family, and we're committed to making our rentals accommodating for responsible pet owners. A modest $75 P..