2 Days Ago
Location
500 Elmwood Pl, Austin, TX 78705, USA|Hancock
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Property Overview
Elmwood Pl. Apts. earns a strong overall rating with standout value, competitive pricing, and a convenient location. It also offers solid amenities and quality, while nearby top-rated schools and its high value-for-money ranking add to its appeal.
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.
Things you’ll love
Less expensive- High school nearby
- Middle school nearby
Floor plans
| Studio | Studio | 1 bath | 300 sqft | $650 /mo | 1 unit available | Across the street from the University of Texas campus, this quaint 16 unit complex is close to everything. https my matterport com show ?m=EV5k7oETcYb Water/Trash/Drainage @ $50 per month. Parking @ $50 per month. |
Let's explore this property.
Amenities for Elmwood Pl. Apts.
Appliances
| Fridge | Microwave |
| Refrigerator |
Grounds
| Permit 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.
Contact Property
Building details
Property details
| Units | 16 |
|---|
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About Elmwood Pl. Apts.
Across the street from the University of Texas campus, this quaint 16 unit complex is close to everything. https my matterport com show ?m=EV5k7oETcYb Water/Trash/Drainage @ $50 per month. Parking @ $50 per month.
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 GoodWith a solid 8.5 out of 10 overall, Elmwood Pl. Apts. is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Elmwood Pl. Apts. has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
Price·8A 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.
Scoring a 8/10, Elmwood Pl. Apts. is a great option for renters looking for apartments in Hancock. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
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.
Elmwood Pl. Apts. goes above and beyond to provide sought-after conveniences and desirable perks, including permit parking. Renters looking for popular or luxurious features will find them here—and for that reason, Elmwood Pl. Apts. 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.
Elmwood Pl. Apts. 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·9A 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.
Elmwood Pl. Apts. has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
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.
Elmwood Pl. Apts. 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.
Reviews from the web
Showing 3 highest rated
Great location and price. My friend is staying here and I may transfer over next year because it's closer to my classes :)
Tae Money
Feb 22, 2024
Can't beat this location for the price. Parking is reasonable and the maintenance is super kind. Would recommend 10/10.
Kaela Martin
Feb 22, 2024
We’re sharing just 3 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.
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 Elmwood Pl. Apts. compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Less expensive
- Studio units are cheaper than other similar listings nearby
- High school nearby
- There is a high school 0.3 mile away
- Middle school nearby
- There is a middle school 2 miles away
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Hancock
studio apartments at Elmwood Pl. Apts. cost about 52% less than the average rent price for studio apartments in Hancock.
Median rents as of Jun 20 2026.
Hancock
Austin
| Month | Median Rent |
|---|---|
| July 2024 | $1,502 |
| August 2024 | $1,521 |
| September 2024 | $1,582 |
| October 2024 | $1,596 |
| November 2024 | $1,576 |
| December 2024 | $1,569 |
| January 2025 | $1,582 |
| February 2025 | $1,576 |
| March 2025 | $1,582 |
| April 2025 | $1,601 |
| May 2025 | $1,583 |
| June 2025 | $1,582 |
| July 2025 | $1,574 |
| August 2025 | $1,579 |
| September 2025 | $1,582 |
| October 2025 | $1,582 |
| November 2025 | $1,584 |
| December 2025 | $1,585 |
| January 2026 | $1,584 |
| February 2026 | $1,588 |
| March 2026 | $1,584 |
| April 2026 | $1,602 |
| May 2026 | $1,339 |
| June 2026 | $1,185 |
| Month | Median Rent |
|---|---|
| July 2024 | $1,519 |
| August 2024 | $1,501 |
| September 2024 | $1,511 |
| October 2024 | $1,516 |
| November 2024 | $1,498 |
| December 2024 | $1,496 |
| January 2025 | $1,504 |
| February 2025 | $1,514 |
| March 2025 | $1,514 |
| April 2025 | $1,504 |
| May 2025 | $1,493 |
| June 2025 | $1,504 |
| July 2025 | $1,531 |
| August 2025 | $1,414 |
| September 2025 | $1,566 |
| October 2025 | $1,567 |
| November 2025 | $1,503 |
| December 2025 | $1,375 |
| January 2026 | $1,400 |
| February 2026 | $1,349 |
| March 2026 | $1,353 |
| April 2026 | $1,383 |
| May 2026 | $1,370 |
| June 2026 | $1,316 |
Affordability calculator
Can I afford to live at 500 Elmwood Pl?
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
$26,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $26,000 annually to afford this studio monthly rent price of $650.
For more information on rent affordability, visit our rent calculator.
Schools near Elmwood Pl. Apts.
Lee Elementary School
3308 hampton rd
austin, TX, 78705
K-6Public
A-
Texas School for the Blind
1100 w 45th st
austin, TX, 78756
3-12Public
C
Rosedale School
7505 silvercrest dr
austin, TX, 78757
PK, K-12Public
Texas School for the Deaf
1102 s congress ave
austin, TX, 78704
PK, K-12Public
YPW Spanish Immersion School
3640 bee caves rd
austin, TX, 78746
PKPublic
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Internet available near Elmwood Pl. Apts.
Getting around Austin near 500 Elmwood Pl
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
6/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
9/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 500 Elmwood Pl, Austin
Groceries
7/10
At least one grocery store within a 15-minute walk
Shopping
7/10
Variety of shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
8/10
Variety of restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
7/10
Variety of bars within walking distance
Explore the area around 500 Elmwood Pl
Red River
3213 Red River St
Red River Market
3213 Red River St
Wheatsville Food Co-op
3101 Guadalupe St
Teji's Indian Restaurant & Grocery
2100B Guadalupe St
Quarters Market
2222 Rio Grande St
Leah Marie Boutique LLC
210 W 27th St
Feathers & Arrows Boutique
2808 Whitis Ave
FP Movement
2424 Guadalupe St
Urban Outfitters
2406 Guadalupe St
Quonset Hut
2815 Fruth St
Bandit Coffee, Matcha, & Ice Cream
2902 Medical Arts St
Square Peg Coffee Company
104 E 31st St
Lazydaze
3101 Speedway
Lucky Lab Coffee
2421 San Antonio St
Starbucks
504 W 24th St
Taco Joint
2807 & 2809 San Jacinto Blvd
Crown & Anchor Pub
2911 San Jacinto Blvd
Mockingbird Saloon
2610 Guadalupe St
Bar Moxy
2552 Guadalupe St
Moody's Kitchen & Bar
2530 Guadalupe St
Doom Cookie Bakery
306 E 30th St
Cornucopia Popcorn
3211 Red River St
Einstein Bros Bagels
2404 Guadalupe St
Black's Barbecue Austin
3110 Guadalupe St
Organic Supps LLC
2712 San Pedro St
Eastwoods Neighborhood Park
Garden patch
Park
Honors Quad
Memorial Garden
Posse East
2900 Duval St
BarleyBean
2805 San Jacinto Blvd
Taco Joint
2807 & 2809 San Jacinto Blvd
Idc Pizza LLC
3000 Duval St
Ben's Soft Pretzels
2515 Speedway
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San Jacinto / Dean Keeton NW Corner
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Dean Keeton / San Jacinto
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M L King Jr Station
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