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Updated 23 Hours Ago

Highlights

  • Pet Friendly
  • Contemporary style
  • Quartz countertops
  • Stainless steel appliances
  • Expansive windows
  • Modern finishes
  • Generous living space

Location

505 E Elm St, Urbana, IL 61802, USA
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Tour New construction Urbana 1 Bedroom's

Contact

Management

Sharp Pad Properties LLC

Leasing office

(217) 649-0957

Property Overview

New construction Urbana 1 Bedroom's offers contemporary living with quartz countertops, stainless steel appliances, modern finishes, expansive windows, and generous living space. It scores well overall with strong amenities and location, competitive value, and nearby conveniences that support pet friendliness, social opportunities, transit access, and work-from-home ease.

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.

Zumper Expert Rating

7.8
Very Good
New construction Urbana 1 Bedroom's is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities 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.

Things you’ll love

  • Middle school nearby
  • High school nearby
  • Dishwasher

Great for

  • Work-from-home
  • Pet owners
  • Social life

Floor plans

1BR/1.0BA1 bed1 bath680+ sqft$1,400–$1,475 /mo18 units availableDiscover this well-appointed 1-bedroom, 1-bath apartment in Urbana, IL. New construction now leasing for 2027. Located on the first floor and positioned as a corner unit, the home features stainless steel appliances, quartz countertops, luxury vinyl plank flooring, and an in-unit washer and dryer. Residents have secured entry access, and the unit is offered furnished or unfurnished to suit your needs. Thoughtfully designed for convenience and contemporary style, this apartment provides a comfortable living option in Urbana. Near downtown, close to coffee shops. Ask about our pet policy. No smoking. Parking is available.

Let's explore this property.

Amenities for New construction Urbana 1 Bedroom's

Apartment Amenities

Corner UnitFurnished
High CeilingHigh Ceilings
Large WindowsLuxury Vinyl Plank Flooring
Quartz Countertops

Appliances

DishwasherFridge
In-Unit LaundryMicrowave
RangeRefrigerator
Stainless Steel AppliancesStove

Building

Cats OKControlled Access
Dogs OKFirst Floor Apartment
New Construction

Grounds

Assigned Parking

Other

First Floor Unit
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

Parking Policy

Assigned Parking

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units18

About New construction Urbana 1 Bedroom's

HomeApartments in Urbana New construction Urbana 1 Bedroom's

Discover 505 East Elm in Urbana, IL — Ready for occupancy August 2027. Reserve you new apartment now! These are thoughtfully designed apartments featuring large square footage and open-concept layouts that showcase high ceilings and expansive windows. Each unit includes in-unit washer and dryer, stainless steel appliances, quartz countertops, and luxury vinyl plank flooring. Secured entry adds an extra level of convenience and peace of mind. These residences combine modern finishes with generous living space for comfortable, contemporary living. This is walking distance to downtown Urbana restaurants, coffee shop and shopping. Ask about our Pet Policy. No Smoking


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 Good
New construction Urbana 1 Bedroom's is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities 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.
How we rated New construction Urbana 1 Bedroom's
Price·7A 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.
While the monthly rent is more than the median price per bedroom of nearby properties, New construction Urbana 1 Bedroom's has other amenities and features that might compensate for the increased price. The higher monthly rent potentially reflects a higher quality of living that renters might find here, compared to other properties in the area.
Amenities·10A 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.
New construction Urbana 1 Bedroom's stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed, furnished rental—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
New construction Urbana 1 Bedroom's 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 New construction Urbana 1 Bedroom's 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.
New construction Urbana 1 Bedroom's 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.

New construction Urbana 1 Bedroom's is great for:

Work-from-home

  • 1 coworking space or cafe within 1 mile
  • Large windows for natural lighting
  • Quiet environment with little noise pollution
  • 2 internet service provider options nearby

Pet owners

  • 2 pet hospitals in the area
  • 1 pet grooming service nearby
  • 1 pet supply store near the property

Social life

  • Areas nearby are accessible by walking
  • Diverse age groups live in this area
  • The area has transit options
  • 59 restaurants within 1 mile of this property

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 New construction Urbana 1 Bedroom's compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 0.6 miles away
High school nearby
There is a high school 0.6 miles away
Dishwasher
Dishwasher available in kitchen

Considerations

Distance from grocery stores
The nearest grocery store is 4.3 miles away
Distance from transit
More than 2.8 miles from public transportation
Lacks images
Fewer than 5 photos available for this property

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Rent trends in Urbana

1-bedroom apartments at New construction Urbana 1 Bedroom's cost about 48% more than the average rent price for 1-bedroom apartments in Urbana.

Median rents as of Oct 24 2026.
Urbana
A table of studio rental data trends in Urbana
MonthMedian Rent
November 2024$761
December 2024$872
January 2025$809
February 2025$793
March 2025$769
April 2025$784
May 2025$803
June 2025$843
July 2025$739
August 2025$766
October 2025$907
November 2025$864
December 2025$807
January 2026$830
February 2026$831
March 2026$856
April 2026$870
May 2026$847
June 2026$845
July 2026$926
August 2026$900
September 2026$879
October 2026$818

Affordability calculator

Can I afford to live at 505 E Elm St?

Bedrooms

1 bedroom

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

$56,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $56,000 annually to afford this 1-bedroom monthly rent price of $1,400.
For more information on rent affordability, visit our rent calculator.

Schools near New construction Urbana 1 Bedroom's

Leal Elementary School

312 w oregon st

urbana, IL, 61801

K-5Public
B-

Urbana Early Childhood Center

2202 e washington st

urbana, IL, 61802

PKPublic

Thomasboro Grade School

201 n phillips st

thomasboro, IL, 61878

PK, K-8Public
C-

Gifford Grade School

po box 70

gifford, IL, 61847

K-8Public
B
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Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Urbana near 505 E Elm St

Walking

6/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

4/10
Frequent public transit options are within walking distance.

Points of interest for 505 E Elm St, Urbana

Groceries

9/10
At least one supermarket within a 10-minute walk

Shopping

4/10
Several shops within walking distance

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

6/10
Some restaurants within a few minutes’ walk

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

10/10
At least one high school within a 5-minute walk

Nightlife

3/10
Some bars within walking distance

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