1 Day Ago
Highlights
Pet Friendly
Location
500 North Montgomery Avenue, Sheffield, Alabama 35660, United States
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Property Overview
Park Place Apartments receives a strong Zumper Expert Rating of 8.3 out of 10, highlighting its competitive pricing and impressive amenities, with a price rating of 10. The property excels in location, scoring 9 out of 10 for its proximity to schools and local attractions, while also showcasing trustworthiness with a rating of 7. Overall, it is noted for fostering a vibrant social life and promoting environmental sustainability through accessible walking routes and nearby parks.
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
High school nearby- Less expensive
- More space
Great for
Eco living
Social life
Floor plans
| 0BR/1.0BA | Studio | 1 bath | 216+ sqft | $550–$700 /mo | 6 units available | ||
| 1BR/1.0BA | 1 bed | 1 bath | 508 sqft | $725 /mo | 1 unit available | ||
| 2BR/2.0BA | 2 bed | 2 bath | 613+ sqft | $850–$1,000 /mo | 3 units available |
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Amenities for Park Place Apartments
Building
| Cats OK | Dogs OK |
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
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 112 |
|---|
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About Park Place Apartments
Park Place Apartments cost $550–$1,000 per month. Located at 500 North Montgomery Avenue, Sheffield, Alabama 35660, United States, Park Place Apartments has studio — 2 bedroom units available. Based on the average rent price of 2 bedrooms in Sheffield, renting an apartment at Park Place Apartments is 44% more expensive per month.Other apartment buildings in or around Sheffield include but are not limited to: 1541 Helton Drive
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 GoodWith a solid 8.3 out of 10 overall, Park Place Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Park Place Apartments 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.
Park Place Apartments 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·8A 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.
With multiple in-demand amenities, Park Place Apartments is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Park Place Apartments 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 Park Place Apartments 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.
Park Place Apartments 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.
Park Place Apartments 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 Park Place Apartments compares to other nearby properties.
Positives
- High school nearby
- There is a high school 1 mile away
- Less expensive
- Studio units are cheaper than other similar listings nearby
- More space
- Studio is 306 sqft larger than other listings nearby
Considerations
- Lacks images
- Fewer than 10 photos available for this location
- No in-unit dishwasher
- Dishwashers aren't available
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Rent trends in Sheffield
Studio apartments at Park Place Apartments cost about 12% less than the average rent price for studios in Sheffield.
1-bedroom apartments here are priced 3% lower than 1-bedrooms in Sheffield.
If you decide to upgrade your space, you can expect 2-bedrooms at Park Place Apartments to be 22% more than the average for similarly sized apartments in Sheffield.
Median rents as of Nov 1 2025.
Sheffield
| Month | Median Rent |
|---|---|
| December 2023 | $675 |
| January 2024 | $675 |
| July 2024 | $675 |
| June 2025 | $675 |
| July 2025 | $675 |
| August 2025 | $675 |
| September 2025 | $675 |
| October 2025 | $625 |
| November 2025 | $625 |
Affordability calculator
Can I afford to live at 500 North Montgomery Avenue?
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
$22,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $22,000 annually to afford this studio monthly rent price of $550.
For more information on rent affordability, visit our rent calculator.
Schools near Park Place Apartments
Threadgill Primary School
900 annapolis ave
sheffield, AL, 35660
PK, K-2Public
B+
L. E. Willson Elementary School
2200 31st st
sheffield, AL, 35660
3-6Public
B-
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Internet available near Park Place Apartments
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Sheffield near 500 North Montgomery Avenue
Walking
5/10
Some shops and stores are within a few minutes.
Driving
6/10
This area is close to freeways and has adequate parking options.
Cycling
4/10
This is semi-bikeable, but you’ll need another way of getting around.
Points of interest for 500 North Montgomery Avenue, Sheffield
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
1/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Nightlife
4/10
Some bars within walking distance
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