Updated 6 Hours Ago
Location
507 Grace St #507LOWER, Elgin, IL 60120, USA
Tour 507 Grace St #507LOWER
Contact
Jonathan Maloney
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Property Overview
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
Great for
Pet owners
Amenities for 507 Grace St #507LOWER
Apartment Amenities
| Ceiling Fan | Hardwood Floor |
Grounds
| Outdoor Space |
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
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 507 Grace St #507LOWER
Updated 1-bedroom, 1-bath apartment located in the quiet historic district of Elgin. This unit blends classic charm with modern updates, featuring new flooring, fresh paint, and a thoughtfully refreshed kitchen and bathroom. The kitchen offers clean white cabinetry and a modern color palette, creating a bright and inviting space. The bathroom has also been updated and is clean and well-maintained. Natural light fills the living area, and the layout makes efficient use of space. Additional features include: - Ceiling fans for added comfort - Updated fixtures and finishes throughout - Ample natural light - Well-maintained property - Bedroom shelving, TV mount, and a portable cutting table for the kitchen is included with the unit. Located minutes from downtown Elgin with easy access to local shops, restaurants, and major roadways. Ideal for a single professional or couple looking for a clean, updated, and comfortable place to call home. Tenant responsible for utilities. No smoking. Contact to schedule a showing.
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 507 Grace St, Elgin, IL 60120, USA compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
Address details
| Zip code | 60120 |
|---|---|
| Type | Apartment for rent |
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Rent trends in Elgin
1-bedroom apartments at 507 Grace St #507LOWER cost about 10% less than the average rent price for 1-bedroom apartments in Elgin.
Median rents as of Sep 12 2026.
Elgin
| Month | Median Rent |
|---|---|
| September 2024 | $1,395 |
| October 2024 | $1,402 |
| November 2024 | $1,737 |
| December 2024 | $1,910 |
| January 2025 | $1,904 |
| February 2025 | $1,668 |
| March 2025 | $1,485 |
| April 2025 | $1,622 |
| May 2025 | $1,444 |
| June 2025 | $1,250 |
| July 2025 | $1,292 |
| August 2025 | $1,635 |
| September 2025 | $1,585 |
| October 2025 | $1,563 |
| November 2025 | $1,429 |
| December 2025 | $1,439 |
| January 2026 | $1,346 |
| February 2026 | $1,445 |
| March 2026 | $1,619 |
| April 2026 | $1,361 |
| May 2026 | $1,303 |
| June 2026 | $1,387 |
| July 2026 | $1,434 |
| August 2026 | $1,455 |
| September 2026 | $1,497 |
Affordability calculator
Can I afford to live at 507 Grace St #507LOWER?
Bedrooms
1 bedroomRent-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
$54,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $54,000 annually to afford this 1-bedroom monthly rent price of $1,350.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 11 months ago | $1,100 | 1 bed | 1 bath |
Schools near 507 Grace St #507LOWER
Garfield Elementary School
420 may st
elgin, IL, 60120
PK, K-6Public
C+
Jerri Hoffmann Child & Family Center
229 lake marian rd
carpentersville, IL, 60110
PK, KPublic
District 54 Early Learning Center
520 e schaumburg rd
schaumburg, IL, 60194
PKPublic
Marletta Darnall Schaumburg Child & Family Center
725 east schaumburg rd
schaumburg, IL, 60194
PKPublic
Community Child Care Center of Palatine Township
721 south quentin rd
palatine, IL, 60067
PKPublic
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Internet available near 507 Grace St #507LOWER
Neighborhood
Getting around Elgin near 507 Grace St #507LOWER
Walking
6/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 507 Grace St #507LOWER, Elgin
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
3/10
Some bars within walking distance
Other units at this address
507 Grace St, Elgin, IL
507 Grace St Elgin, IL
Occupied
507UPPER
1 Bed
1 Bath
$1,100
Air Conditioning • Central Heat
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