5+ Days Ago
Location
500 Elmwood Place, Austin, Texas 78705, United States|Hancock
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Property Overview
Elmwood Pl. Apts. receives an impressive overall rating of 8.5 out of 10, highlighting its competitive pricing and superb amenities, with ratings of 8 and 9 respectively. The property is ideally located with proximity to quality schools and boasts a rich array of features that enhance the living experience, complemented by a 30-photo gallery that helps renters visualize the space. With a solid trustworthiness score of 7 out of 10, this property demonstrates transparency and reliability, marking it as an excellent choice for discerning renters.
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
| North Campus Studio | Studio | 1 bath | 300 sqft | $775 /mo | 1 unit available | ||
| Upgraded Studio | Studio | 1 bath | 300 sqft | $795 /mo | 1 unit available | ||
| North Campus 1 BR | 1 bed | 1 bath | 625 sqft | $975 /mo | 1 unit available | ||
| Upgraded 1 BR | 1 bed | 1 bath | 625 sqft | $995 /mo | 1 unit available |
Let's explore this property.
Amenities for Elmwood Pl. Apts.
Appliances
| Dishwasher | Fridge |
| Gas Range | Microwave |
| Refrigerator |
Building
| Onsite Laundry |
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.
Elmwood Pl. Apts. cost $775–$995 per month. Located at 500 Elmwood Place, Austin, Texas 78705, United States, Elmwood Pl. Apts. has studio — 1 bedroom units available. Based on the average rent price of 1 bedroom in Austin, renting an apartment at Elmwood Pl. Apts. is 33% cheaper per month.Other apartment buildings in or around Austin include but are not limited to: 1211 E 5th St, 5005 E Parmer Ln, 1109 S Pleasant Valley Rd, 8225 N Fm 620 Rd
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 onsite laundry. 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
- 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
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
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Rent trends in Hancock
Studio apartments at Elmwood Pl. Apts. cost about 44% less than the average rent price for studios in Hancock.
1-bedroom apartments here are priced 42% lower than 1-bedrooms in Hancock.
Median rents as of Jan 24 2026.
Hancock
Austin
| Month | Median Rent |
|---|---|
| February 2024 | $1,438 |
| March 2024 | $1,495 |
| April 2024 | $1,500 |
| May 2024 | $1,504 |
| June 2024 | $1,520 |
| 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 | $1,583 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,300 |
| March 2024 | $1,371 |
| April 2024 | $1,477 |
| May 2024 | $1,502 |
| June 2024 | $1,505 |
| 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 |
Affordability calculator
Can I afford to live at 500 Elmwood Place?
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
$31,400/yr
With your selected rent-to-income ratio, you'd ideally want to make $31,400 annually to afford this studio median monthly rent price of $785.
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-
Rosedale School
7505 silvercrest dr
austin, TX, 78757
PK, K-12Public
Padron Elementary School
2011 w rundberg ln
austin, TX, 78758
PK, K-5Public
C
Uphaus Early Childhood Center
5200 freidrich ln
austin, TX, 78744
PK, KPublic
B
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Internet available near Elmwood Pl. Apts.
Getting around Austin near 500 Elmwood Place
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 Place, 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
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