Zumper
modified
5+ Days Ago

Highlights

  • Stainless appliances
  • Onsite parking spot
  • New flooring
  • Rent an onsite parking spot

Location

501 South Race Street, Urbana, Illinois 61801, United States
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Tour 501 S. Race

Contact

Management

The Weiner Companies, Ltd.

Leasing office

(217) 384-8001

Property Overview

501 S. Race enjoys a strong Zumper Expert Rating of 8.3, underpinned by high scores for price, amenities, and location, each rated at 9 out of 10, indicating excellent value and an impressive array of offerings. Notable features include stainless appliances, new flooring, and onsite parking options, contributing to its appeal. Additionally, the property is situated in a vibrant neighborhood with ample entertainment, dining, and cultural venues nearby, enhancing the social life for residents.

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.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 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.

Things you’ll love

  • Elementary school nearby
  • Middle school nearby
  • High school nearby

Great for

  • Social life

Floor plans

0BR/1.0BAStudio1 bath$859 /mo1 unit availableThis 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

TrashWater

Appliances

OvenRefrigerator

Building

Sewer

Grounds

Outdoor Space

Services

Lawn MowingSnow 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

Units2
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About 501 S. Race

HomeApartments in Urbana 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.
8.3
/10
Very Good
With a solid 8.3 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.
How we rated 501 S. Race
Price·9A 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 stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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:

Social life

  • 109 restaurants within 1 mile of this property
  • A bustling neighborhood
  • 16 theaters, music venues, or sports arenas nearby
  • 33 museums, art galleries, or cultural centers within 1 mile

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 7% more than the average rent price for studio apartments in Urbana.

Median rents as of Dec 13 2025.
Urbana
A table of studio rental data trends in Urbana
MonthMedian Rent
December 2023$556
January 2024$556
February 2024$706
March 2024$743
April 2024$761
May 2024$751
June 2024$714
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

Affordability calculator

Can I afford to live at 501 South Race Street?

Bedrooms

Studio

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

$34,360/yr

With your selected rent-to-income ratio, you'd ideally want to make $34,360 annually to afford this studio monthly rent price of $859.
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
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Internet available near 501 S. Race

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Urbana near 501 South Race Street

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 South Race Street, 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

Explore the area around 501 South Race Street

Common Ground Food Co-op
300 S Broadway Ave
Asian Supermarket
306 W Main St
Schnucks
200 N Vine St
Tienda Guatemala
408 N Race St
Best of Africa Food Store LLC
202 E University Ave

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