5+ Days Ago
Highlights
Pet Friendly
- Prime location
- Conveniently located
- Ample closet space
- Cabinet storage
- In-home laundry
- Bright kitchen
Location
501 University Ave, Bloomington, IL 61701, USA
Tour 501 University Ave
Contact
Vesta Real Estate, LLC
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Renter hub
Property management
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Property Overview
Situated in a prime location, this property features a bright kitchen, ample closet space, and convenient in-home laundry. It offers exceptional value for money and is ideal for those who appreciate social life with numerous theaters, museums, and restaurants nearby, as well as outdoor spaces and pet-friendly amenities. Additionally, environmentally conscious individuals will benefit from nearby parks and accessible public transit, enhancing overall convenience and sustainability.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Middle school nearby
- Images Available
Great for
Eco living
Pet owners
Social life
Amenities for 501 University Ave
Building
| Cats OK | Dogs OK |
| Onsite Laundry |
Grounds
| Outdoor Space | Storage |
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
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 501 University Ave
*** HOLIDAY SPECIAL *** HALF OFF FIRST MONTHS RENT! * Move in date must be February 1 or before* Don’t Be Fooled by First Impressions — This Home Is Bigger Than It Looks! This spacious 4-bedroom, 2-bath home offers far more room than you’d expect, including a bonus living area that’s perfect for a second living room, home office, or study space. Home Features: *Four generously sized bedrooms with ample closet space *Two full bathrooms *Bonus living area for added flexibility *Bright kitchen with plenty of cabinet storage *In-home laundry for everyday convenience *Functional layout with room to spread out Prime Location: Conveniently located near campus, shopping, dining, and public transportation, making daily errands and commuting easy. Street parking is available directly in front of the home. This home blends space, functionality, and location, offering great value for those needing extra room without sacrificing convenience. Rent: $1,650 per month Security Deposit: One month’s rent Lease Term: 12 months Pets: May be considered with additional deposit and/or pet rent Utilities: Tenant responsible for all utilities and lawn maintenance Background & credit check fee of $48.00 covers a nationwide criminal background check, credit check, address, and income verification. Minimum requirements: 1. No acts of violence arrests in the last 7 years. No drug manufacturing, delivery, fraud, or sex related convictions of any kind. 2. No history of bankruptcy or late payments in the past 2 years, no unpaid delinquencies (liens, judgments, collections, foreclosures, etc), no history of eviction in the last 4 years, and no unpaid eviction judgements. 3. Monthly gross income must be at least 2.5 times the monthly rent or qualifying subsidy.
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 501 University Ave compares to other nearby properties.
Positives
- Less expensive
- The 4-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 1 mile away
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
- Outdoor space
- Easy access to the outdoors
Address details
| Zip code | 61701 |
|---|---|
| Type | House for rent |
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Rent trends in Bloomington
4-bedroom apartments at 501 University Ave cost about 17% less than the average rent price for 4-bedroom apartments in Bloomington.
Median rents as of Jan 17 2026.
Bloomington
| Month | Median Rent |
|---|---|
| February 2024 | $2,300 |
| March 2024 | $2,290 |
| April 2024 | $2,418 |
| May 2024 | $2,475 |
| June 2024 | $2,150 |
| July 2024 | $2,250 |
| August 2024 | $2,398 |
| September 2024 | $2,396 |
| October 2024 | $2,360 |
| November 2024 | $2,235 |
| December 2024 | $1,983 |
| January 2025 | $2,033 |
| February 2025 | $1,982 |
| March 2025 | $1,997 |
| April 2025 | $2,225 |
| May 2025 | $2,309 |
| June 2025 | $2,395 |
| July 2025 | $2,298 |
| August 2025 | $2,192 |
| September 2025 | $2,098 |
| October 2025 | $2,162 |
| November 2025 | $1,903 |
| December 2025 | $1,957 |
| January 2026 | $1,997 |
Affordability calculator
Can I afford to live at 501 University Ave?
Bedrooms
4+ bedroomsRent-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
$66,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $66,000 annually to afford this 4-bedrooms monthly rent price of $1,650.
For more information on rent affordability, visit our rent calculator.
Schools near 501 University Ave
Bent Elementary School
904 n roosevelt ave
bloomington, IL, 61701
K-5Public
C+
Sarah E. Raymond School of Early Education
1402 w olive st
bloomington, IL, 61701
PKPublic
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Internet available near 501 University Ave
Getting around Bloomington near 501 University Ave
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
6/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 501 University Ave, Bloomington
Groceries
8/10
At least one supermarket within a 15-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
3/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Nightlife
4/10
Some bars within walking distance
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