4 Days Ago
Location
506 Palace Ave, Elsmere, KY 41018, USA
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Property Overview
506 Palace Ave offers a comfortable living space with an impressive overall Zumper expert rating of 8 out of 10, reflecting its excellent balance of price and value at the same score. Notably, it features a high quality of amenities rated at 9 out of 10 and a prime location also rated at 9 out of 10, ensuring residents enjoy convenience and an elevated standard of living. With its competitive pricing and a trustworthiness rating of 8 out of 10, this property stands out as a reliable choice for potential 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- Middle school nearby
- Outdoor space
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | $1,095 /mo | 1 unit available | Discover this charming 2-bedroom, 1-bathroom apartment nestled in the desirable Elsmere area. This inviting home offers a functional layout with comfortable living space perfect for relaxing or entertaining. Enjoy the benefit of a spacious yard — ideal for outdoor gatherings, fresh air, and added room to unwind. Private parking provides everyday convenience and easy access to your home. Located close to shopping, dining, and major roadways, this apartment combines comfort and practicality in a great location. Don’t miss your opportunity to call 506 Palace Ave home. Contact us today to schedule your tour! All interested applicants over the age of 18 must complete a rental application and authorize a $65 credit and background check. A minimum credit score of 600 is required. Small pets permitted with a $300 non-refundable pet fee and $50/month pet rent.2 pets max. Schedule your showing today at www realiantpm com--Available Rentals--Northern, Ky. Beware of Scams! We will never ask you to send money via Venmo, CashApp, PayPal, Zelle, or any other peer-to-peer payment app. All payments are handled securely through our verified platforms. We DO NOT ACCEPT CASH. |
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Amenities for 506 Palace Ave
Apartment Amenities
| Large Yard |
Grounds
| Outdoor Space | Private Parking |
| Yard |
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 | 2 |
|---|
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About 506 Palace Ave
Discover this charming 2-bedroom, 1-bathroom apartment nestled in the desirable Elsmere area. This inviting home offers a functional layout with comfortable living space perfect for relaxing or entertaining. Enjoy the benefit of a spacious yard — ideal for outdoor gatherings, fresh air, and added room to unwind. Private parking provides everyday convenience and easy access to your home. Located close to shopping, dining, and major roadways, this apartment combines comfort and practicality in a great location. Don’t miss your opportunity to call 506 Palace Ave home. Contact us today to schedule your tour! All interested applicants over the age of 18 must complete a rental application and authorize a $65 credit and background check. A minimum credit score of 600 is required. Small pets permitted with a $300 non-refundable pet fee and $50/month pet rent.2 pets max. Schedule your showing today at www realiantpm com--Available Rentals--Northern, Ky. Beware of Scams! We will never ask you to send money via Venmo, CashApp, PayPal, Zelle, or any other peer-to-peer payment app. All payments are handled securely through our verified platforms. We DO NOT ACCEPT CASH.
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.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, 506 Palace Ave is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 506 Palace Ave 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, 506 Palace Ave is a great option for renters looking for apartments in this neighborhood. 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.
506 Palace Ave goes above and beyond to provide sought-after conveniences and desirable perks, including outdoor space. Renters looking for popular or luxurious features will find them here—and for that reason, 506 Palace Ave 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.
506 Palace Ave 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 506 Palace Ave does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
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 506 Palace Ave compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 1 mile away
- Outdoor space
- Easy access to the outdoors
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
- No in-unit dishwasher
- Dishwashers aren't available
- No laundry facilities available
- This property doesn't offer on-site or in-unit washers and dryers
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Rent trends in Elsmere
Median rents as of Mar 7 2026.
Elsmere
| Month | Median Rent |
|---|---|
| August 2024 | $1,200 |
| February 2025 | $1,285 |
| March 2025 | $1,301 |
| August 2025 | $1,297 |
| September 2025 | $1,295 |
| October 2025 | $1,306 |
| November 2025 | $1,308 |
| December 2025 | $1,404 |
| January 2026 | $1,328 |
| February 2026 | $1,329 |
| March 2026 | $1,350 |
Affordability calculator
Can I afford to live at 506 Palace Ave?
Bedrooms
2 bedroomsRent-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
$43,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $43,800 annually to afford this 2-bedrooms monthly rent price of $1,095.
For more information on rent affordability, visit our rent calculator.
Schools near 506 Palace Ave
Howell Elementary School
909 central row st
elsmere, KY, 41018
K-5Public
C
Early Learning Center
450 bartlett ave
erlanger, KY, 41018
PKPublic
Guardian Angel
75 orphanage rd
fort mitchell, KY, 41017
1-12Public
Summit View Academy
5006 madison pike
independence, KY, 41051
PK, K-8Public
B
Newport School of Innovation
30 west 8th st
newport, KY, 41071
K-12Public
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Internet available near 506 Palace Ave
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Elsmere near 506 Palace Ave
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
3/10
This is semi-bikeable, but you’ll need another way of getting around.
Transit
1/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 506 Palace Ave, Elsmere
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
5/10
Some shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
4/10
No high schools within a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
4/10
Few or no bars within walking distance
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