Updated 50 Minutes Ago
Highlights
Pet Friendly
Location
505 E Elm St, Urbana, IL 61802, USA
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Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 750 sqft | $1,525 /mo | 1 unit available | Discover this well-appointed 1-bedroom, 1-bath apartment in Urbana, IL. New construction now leasing for 2027. Located on the first floor and positioned as a corner unit, the home features stainless steel appliances, quartz countertops, luxury vinyl plank flooring, and an in-unit washer and dryer. Residents have secured entry access, and the unit is offered furnished or unfurnished to suit your needs. Thoughtfully designed for convenience and contemporary style, this apartment provides a comfortable living option in Urbana. Near downtown, close to coffee shops. Ask about our pet policy. No smoking. Parking is available. |
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Amenities for New construction Urbana 1 Bedroom's
Apartment Amenities
| Corner Unit | Furnished |
| High Ceiling | High Ceilings |
| Luxury Vinyl Plank Flooring | Quartz Countertops |
Appliances
| Dishwasher | In-Unit Laundry |
| Microwave | Range |
| Refrigerator | Stainless Steel Appliances |
| Stove |
Building
| Cats OK | Controlled Access |
| Dogs OK |
Other
| First Floor Apartment |
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
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 18 |
|---|
About New construction Urbana 1 Bedroom's
Discover 505 East Elm in Urbana, IL — Ready for occupancy August 2027. Reserve you new apartment now! These are thoughtfully designed apartments featuring large square footage and open-concept layouts that showcase high ceilings and expansive windows. Each unit includes in-unit washer and dryer, stainless steel appliances, quartz countertops, and luxury vinyl plank flooring. Secured entry adds an extra level of convenience and peace of mind. These residences combine modern finishes with generous living space for comfortable, contemporary living. This is walking distance to downtown Urbana restaurants, coffee shop and shopping. Ask about our Pet Policy. No Smoking
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Rent trends in Urbana
1-bedroom apartments at New construction Urbana 1 Bedroom's cost about 39% more than the average rent price for 1-bedroom apartments in Urbana.
Median rents as of Oct 17 2026.
Urbana
| Month | Median Rent |
|---|---|
| November 2024 | $755 |
| December 2024 | $872 |
| January 2025 | $809 |
| February 2025 | $793 |
| March 2025 | $769 |
| April 2025 | $784 |
| May 2025 | $803 |
| June 2025 | $843 |
| July 2025 | $739 |
| August 2025 | $766 |
| October 2025 | $907 |
| November 2025 | $864 |
| December 2025 | $807 |
| January 2026 | $830 |
| February 2026 | $831 |
| March 2026 | $856 |
| April 2026 | $870 |
| May 2026 | $847 |
| June 2026 | $845 |
| July 2026 | $926 |
| August 2026 | $900 |
| September 2026 | $879 |
| October 2026 | $825 |
Affordability calculator
Can I afford to live at 505 E Elm St?
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
$61,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $61,000 annually to afford this 1-bedroom monthly rent price of $1,525.
For more information on rent affordability, visit our rent calculator.
Schools near New construction Urbana 1 Bedroom's
Leal Elementary School
312 w oregon st
urbana, IL, 61801
K-5Public
B-
Urbana Early Childhood Center
2202 e washington st
urbana, IL, 61802
PKPublic
Thomasboro Grade School
201 n phillips st
thomasboro, IL, 61878
PK, K-8Public
C-
Gifford Grade School
po box 70
gifford, IL, 61847
K-8Public
B
Neighborhood
Getting around Urbana near 505 E Elm St
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
Frequent public transit options are within walking distance.
Points of interest for 505 E Elm St, Urbana
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
4/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Some restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Nightlife
3/10
Some bars within walking distance
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