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501 Prospect is rated well overall, with strong marks for amenities, location, and value for money, plus on-site parking and a clear, detailed property listing. It may appeal to renters who value walkability, nearby transit, parks, dining options, and convenient access to local destinations.
Things you’ll love
Great for
| 1/1 | 1 bed | 1 bath | 243 sqft | $650–$950 /mo |
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Apartment Amenities
| Air Conditioning | Utilities Included |
Services
| Bilingual |
One-time.
One-time. Refundable.
No pets allowed.
Questions about this property’s policies and fees?
| Units | 5 |
|---|
🛏 Unit Details Studio Apartment – 1 Bedroom • 1 Bathroom Lease Term: 1-year lease Cozy and centrally located studio apartment just minutes from UTEP, Downtown, hospitals, I-10, public transportation, and shopping centers. ✨ Features Studio layout with 1 bedroom 1 full bathroom Kitchen area Living space with natural light Independent heating and cooling unit Private entrance On-site parking Quiet building 💧 Utilities Included ✔ Water ✔ Gas ✔ Electricity 📌 Requirements Completed rental application Application must include: ✔ Credit report ✔ Criminal background report ✔ Eviction history Applications missing any of these will be marked as incomplete Proof of income No pets Exceptions only for registered service animals No prior evictions preferred Lease term: 1-year lease 📅 Move-in Ready! Contact us to schedule a tour or request your application.
How 501 Prospect compares to other nearby properties.
Positives
1-bedroom apartments at 501 Prospect cost about 7% more than the average rent price for 1-bedroom apartments in Sunset Heights.
| Month | Median Rent |
|---|---|
| November 2024 | $935 |
| December 2024 | $904 |
| January 2025 | $880 |
| February 2025 | $881 |
| March 2025 | $900 |
| April 2025 | $886 |
| May 2025 | $888 |
| June 2025 | $893 |
| July 2025 | $893 |
| August 2025 | $870 |
| September 2025 | $850 |
| October 2025 | $825 |
| November 2025 | $830 |
| December 2025 | $860 |
| January 2026 | $804 |
| February 2026 | $830 |
| March 2026 | $850 |
| April 2026 | $827 |
| May 2026 | $801 |
| June 2026 | $824 |
| July 2026 | $843 |
| August 2026 | $850 |
| September 2026 | $850 |
| October 2026 | $850 |
| Month | Median Rent |
|---|---|
| November 2024 | $809 |
| December 2024 | $816 |
| January 2025 | $900 |
| February 2025 | $900 |
| March 2025 | $966 |
| May 2025 | $859 |
| June 2025 | $756 |
| July 2025 | $750 |
| August 2025 | $716 |
| September 2025 | $710 |
| October 2025 | $685 |
| November 2025 | $770 |
| December 2025 | $680 |
| January 2026 | $705 |
| February 2026 | $723 |
| March 2026 | $742 |
| April 2026 | $750 |
| May 2026 | $735 |
| June 2026 | $737 |
| July 2026 | $750 |
| August 2026 | $720 |
| September 2026 | $750 |
| October 2026 | $765 |
Can I afford to live at 501 Prospect St?
Bedrooms
1 bedroomRent-to-income ratio
30%
$26,000/yr
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