5+ Days Ago
Highlights
- Stainless appliances
- Onsite parking spot
- New flooring
- Rent an onsite parking spot
Location
501 S Race St, Urbana, IL 61801, USA
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Property Overview
501 S. Race offers strong value with an 8.6 Zumper Expert Rating, standout price, amenities, and location scores, plus useful details that suggest transparency. Notable features include stainless appliances, new flooring, and onsite parking, while nearby schools and a lively area with many restaurants and entertainment options add convenience and appeal.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby- Middle school nearby
- High school nearby
Great for
Social life
Floor plans
| 0BR/1.0BA | Studio | 1 bath | $845 /mo | 1 unit available | This is one of the best locations in Urbana and the apartment will be rented quickly. 2 blocks from downtown Urbana and one block from the summer farmers market. Everything is near you by foot or by bike. Unit has new flooring, stainless appliances, and large windows with natural light. Don't miss this chance to be nestled into beautiful West Urbana. There is coin operated laundry in the building and you can rent an onsite parking spot for $35. |
Let's explore this property.
Amenities for 501 S. Race
Apartment Amenities
| Trash | Water |
Appliances
| Oven | Refrigerator |
Building
| Sewer |
Grounds
| Outdoor Space |
Services
| Lawn Mowing | Snow Removal |
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
Building details
Property details
| Units | 4 |
|---|
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About 501 S. Race
This is one of the best locations in Urbana and the apartment will be rented quickly. 2 blocks from downtown Urbana and one block from the summer farmers market. Everything is near you by foot or by bike. Unit has new flooring, stainless appliances, and large windows with natural light. Don't miss this chance to be nestled into beautiful West Urbana. There is coin operated laundry in the building and you can rent an onsite parking spot for $35.
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.
8.6
/10
Very GoodWith a solid 8.6 out of 10 overall, 501 S. Race is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 501 S. Race has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
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.
501 S. Race 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·9A 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.
501 S. Race goes above and beyond to provide sought-after conveniences and desirable perks, including lawn mowing. Renters looking for popular or luxurious features will find them here—and for that reason, 501 S. Race receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
501 S. Race is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A 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.
While 501 S. Race does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
501 S. Race is great for:
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 S. Race compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.1 mile away
- Middle school nearby
- There is a middle school 0.5 mile away
- High school nearby
- There is a high school 0.3 mile away
- Outdoor space
- Easy access to the outdoors
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Urbana
studio apartments at 501 S. Race cost about the same as the average rent price for studio apartments in Urbana.
Median rents as of Jun 20 2026.
Urbana
| Month | Median Rent |
|---|---|
| July 2024 | $702 |
| August 2024 | $801 |
| September 2024 | $828 |
| October 2024 | $783 |
| 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 |
Affordability calculator
Can I afford to live at 501 S Race St?
Bedrooms
StudioRent-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
$33,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $33,800 annually to afford this studio monthly rent price of $845.
For more information on rent affordability, visit our rent calculator.
Schools near 501 S. Race
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
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Internet available near 501 S. Race
Neighborhood
Getting around Urbana near 501 S Race St
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 501 S Race St, Urbana
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of 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 10-minute walk
Nightlife
4/10
Some bars within a few minutes’ walk
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