Updated 5+ Days Ago
Highlights
- Convenient location
- Comfortable living
- Easy access
Location
505 N 20th St, Elwood, IN 46036, USA
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Property Overview
505 N 20th St offers a strong blend of value, convenience, and comfort, with a 7.8 Zumper Expert Rating, high marks for location, amenities, price, and trustworthiness, and a standout value-for-money ranking. Its convenient location and easy access align with nearby top-rated schools and a comfortable living experience, making it a well-rounded option for 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
Elementary school nearby- High school nearby
- Less expensive
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | $775 /mo | 1 unit available | Welcome home to this 2-bedroom, 1-bath ground-floor apartment! Enjoy easy access with no stairs and a convenient location close to shopping, dining, schools, and major roadways. This clean, move-in-ready apartment offers comfortable living with everything you need just minutes away. |
Let's explore this property.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 2 |
|---|
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About 505 N 20th St
Welcome home to this 2-bedroom, 1-bath ground-floor apartment! Enjoy easy access with no stairs and a convenient location close to shopping, dining, schools, and major roadways. This clean, move-in-ready apartment offers comfortable living with everything you need just minutes away.
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.
7.8
/10
Very Good505 N 20th St is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
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, 505 N 20th St 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·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, 505 N 20th St 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.
505 N 20th St 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 505 N 20th St 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 505 N 20th St compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.3 mile away
- High school nearby
- There is a high school 0.5 mile away
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Elwood
2-bedroom apartments at 505 N 20th St cost about 35% less than the average rent price for 2-bedroom apartments in Elwood.
Median rents as of Jul 11 2026.
Elwood
| Month | Median Rent |
|---|---|
| September 2024 | $925 |
| October 2024 | $925 |
| November 2024 | $925 |
| December 2024 | $925 |
| January 2025 | $925 |
| February 2025 | $893 |
| March 2025 | $890 |
| April 2025 | $850 |
| September 2025 | $900 |
| October 2025 | $914 |
| November 2025 | $1,000 |
| December 2025 | $1,000 |
| January 2026 | $725 |
| February 2026 | $725 |
| March 2026 | $900 |
| April 2026 | $845 |
| May 2026 | $753 |
| June 2026 | $900 |
| July 2026 | $900 |
Affordability calculator
Can I afford to live at 505 N 20th St?
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
$31,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $31,000 annually to afford this 2-bedrooms monthly rent price of $775.
For more information on rent affordability, visit our rent calculator.
Schools near 505 N 20th St
Elwood Elementary School
940 n 19th st
elwood, IN, 46036
PK, K-2Public
B+
Elwood Intermediate School
1207 n 19th st
elwood, IN, 46036
3-6Public
C
Virtual Preparatory Academy of Indiana at Madison-Grant K-5
11580 s e 00 w
fairmount, IN, 46928
K-5Public
C
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Internet available near 505 N 20th St
Neighborhood
Getting around Elwood near 505 N 20th St
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Points of interest for 505 N 20th St, Elwood
Groceries
7/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
3/10
Some shops within a short drive
Cafes
2/10
Few or no cafés within a short drive
Restaurants
4/10
Variety of restaurants within a short drive
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
7/10
At least one high school within a 15-minute walk
Nightlife
3/10
Some bars within a short drive
Explore the area around 505 N 20th St
Harvest Supermarket
929 N Anderson St
Needler's Fresh Market
1515 S State Road 37
Harvest Supermarket
1108 E Clyde St
Journeys
1529 Wilkie Ct
Golden Threads
15361 N State Road 37
Nita's Alter-Ego
214 Feed Mill Rd
Gypsy Soul Salon & Boutique
1110 S Anderson St
Wells Bowling Lanes
10339 N State Road 37
Silver Dollar
2201 S J St
Lucky Strike Lanes Elwood
1904 S Anderson St
Under the Sun Bakery
8825 N 400 W
Callaway Park
Forest
Meadow
Frankton Heritage Days Fairground
Jefferson Park
Lydia's Sweet Treats
712 N 19th St
China Town
2000 Main St
Friendly's Restaurant
2115 Main St
Papa Johns
104 S Anderson St
Hardee's
2820 Main St
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