Zumper
modified
5+ Days Ago

Location

1016 Washington St, Shelbyville, KY 40065, USA
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Contact

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Management

L.E.A. Properties LLC DBA Beacon

Our team has verified this company

Leasing office

(502) 218-6165

Property Overview

Cola Commons is a highly rated community with an overall score of 9.6 out of 10, offering competitively priced 2 bedroom apartment homes with exceptional value for money and strong quality and trustworthiness ratings. Residents benefit from a premier amenity package, a top-tier location with convenient access to well-rated nearby schools and key destinations, and extensive listing details including 40 photos that help set clear expectations.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

9.6
Excellent
Earning an outstanding 9.6 out of 10 overall rating, Cola Commons is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Price and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.

Things you’ll love

  • Less expensive
  • Elementary school nearby
  • Middle school nearby

Floor plans

2X12 bed1 bath750 sqft$896 /mo2 units available
3X1.53 bed1.5 bath900 sqft$1,032 /mo1 unit available

Let's explore this property.

Amenities for Cola Commons

Grounds

Off-Street Parking
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.

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Building details

Property details

Units31
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About Cola Commons

Managed by L.E.A. Properties LLC DBA Beacon
HomeApartments in Shelbyville Cola Commons

Cola is a Tax Credit community offering 2 bedroom and 3 bedroom apartment homes totaling 31 units. We are located in Shelbyville, Kentucky. This is a family oriented community.


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Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.6
/10
Excellent
Earning an outstanding 9.6 out of 10 overall rating, Cola Commons is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Price and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.
How we rated Cola Commons
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Cola Commons offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Cola Commons is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Cola Commons offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Cola Commons has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at Cola Commons.
Trustworthiness·10A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Cola Commons sets a high bar for up-to-date information, transparency, and thoroughness in marketing and communication. It's verified, offers multiple lifestyle photos, and provides detailed information about its features and attributes. The clarity it provides sets it apart from other rentals, making Cola Commons a trustworthy choice for potential residents.

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 Cola Commons compares to other nearby properties.

Positives

Less expensive
The 3-bedrooms are cheaper than other similar listings nearby
Elementary school nearby
There is an elementary school 0.4 mile away
Middle school nearby
There is a middle school 1 mile away
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Images Available
There are at least 10 photos of this address

Considerations

Grow a garden indoors
A balcony, backyard, or shared outdoor space isn't available

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Managed by L.E.A. Properties LLC DBA Beacon

L.E.A. Properties LLC DBA Beacon

Beacon is a limited-liability company founded in 1998 to develop and manage a diverse portfolio of affordable housing. SOCAYR Inc. is a non-profit, 501c3, founded in 1998 to continue in the development and management of affordable housing. The Property Management Division has been successful in conducting lease ups of over 50 new properties since its inception. Currently, there are 96 communities comprised of 5,881 housing units managed by Beacon Property Management. Our staff is seasoned, experienced, and certified. Beacon currently employs more than 140 housing professionals in various capacities.

Rent trends in Shelbyville

If you decide to upgrade your space, you can expect 2-bedrooms at Cola Commons to be 13% less than the average for similarly sized apartments in Shelbyville.

3-bedroom apartments at Cola Commons cost about 39% less than the average rent price for 3-bedroom apartments in Shelbyville.

Median rents as of Mar 21 2026.
Shelbyville
A table of 1-bedroom apartment rental data trends in Shelbyville
MonthMedian Rent
December 2024$685
January 2025$685
February 2025$685
March 2025$650
April 2025$650
May 2025$654
February 2026$925
March 2026$925

Affordability calculator

Can I afford to live at 1016 Washington St?

Bedrooms

Rent-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

$35,840/yr

With your selected rent-to-income ratio, you'd ideally want to make $35,840 annually to afford this 2-bedrooms monthly rent price of $896.
For more information on rent affordability, visit our rent calculator.

Schools near Cola Commons

Northside Early Childhood Center

821 college st

shelbyville, KY, 40065

PKPublic

Southside Elementary School

728 ginkgo dr

shelbyville, KY, 40065

K-5Public
C

Marnel C. Moorman School

501 discovery blvd

shelbyville, KY, 40065

K-8Public
B-

Spencer County Early Learning Center

206 reasor ave

taylorsville, KY, 40071

PKPublic
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Internet available near Cola Commons

Getting around Shelbyville near 1016 Washington St

Walking

4/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

3/10
This is semi-bikeable, but you’ll need another way of getting around.

Points of interest for 1016 Washington St, Shelbyville

Groceries

4/10
At least one grocery store within a 30-minute walk

Shopping

3/10
Some shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

7/10
At least one elementary school within a 20-minute walk

High schools

0/10
No high schools within a 30-minute walk

Nightlife

4/10
Few or no bars within walking distance

Explore the area around 1016 Washington St

Kroger
311 Boone Station Rd
Save-A-Lot
22 Village Plz
Guatemex Grocery, Restaurant & Bakery
1730 Robin Rd
Walmart Supercenter
500 Taylorsville Rd

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