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Updated 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 stainless appliances, new flooring, and an onsite parking spot, with the option to rent parking onsite. It is set in a bustling neighborhood with diverse age groups, 91 restaurants, and 31 museums, art galleries, or cultural centers within 1 mile, while nearby top-rated elementary, middle, and high schools are all within about half a mile.

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

8.5
Very Good
With a solid 8.5 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
  • Less expensive

Great for

  • Social life

Floor plans

0BR/1.0BAStudio1 bathThis 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.
1BR/1.0BA1 bed1 bath

Let's explore this property.

Amenities for 501 S. Race

Apartment Amenities

TrashWater

Appliances

OvenRefrigerator
Stove

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

Units4

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.
8.5
/10
Very Good
With a solid 8.5 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·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·7A 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.
501 S. Race provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

501 S. Race is great for:

Social life

  • 91 restaurants within 1 mile of this property
  • A bustling neighborhood
  • 31 museums, art galleries, or cultural centers within 1 mile
  • Diverse age groups live in this area

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 miles away
Middle school nearby
There is a middle school 0.5 miles away
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
High school nearby
There is a high school 0.3 miles away
Eco-friendly trash disposal
This property has recycling pickup
Images Available
There are at least 10 photos of this property
Outdoor space
Easy access to the outdoors

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Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
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Our team has verified this company

402 S Race St

1 Bed

$1,170

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
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Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
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$1,160–$1,750

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Rent trends in Urbana

Median rents as of Oct 24 2026.
Urbana
A table of studio rental data trends in Urbana
MonthMedian Rent
November 2024$761
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$818

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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Neighborhood

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

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

Explore the area around 501 S Race St

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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