Applying fabric to a wall with liquid starch is a great solution for renters and commitment-phobes alike. A bit time intensive, yes, but the results are just about as good as it gets. And unlike wallpaper, you can take it with you when you move!
Paint Rollers and Stencil Supplies from Royal Design Studio - Paint a Pink Textured Wall Finish.just one step, but creating texture through a metal mesh vent. See the finished product before you determine whether you like it or not