4 Hours Ago
Location
705 Colorado Avenue, Urbana, Illinois 61801, United States
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Floor plans
| 705 E Colorado Avenue - 100 | 1 bed | 1 bath | 803 sqft | $950 /mo | |||
| 705 E Colorado Avenue - 101 | 1 bed | 1 bath | 803 sqft | $950 /mo | |||
| 705 E Colorado Avenue - 104 | 1 bed | 1 bath | 576 sqft | $1,100 /mo | |||
| 705 E Colorado Avenue - 103 | 2 bed | 1 bath | 1,152 sqft | $1,050 /mo | |||
| 705 E Colorado Avenue - 102 | 2 bed | 1 bath | 1,152 sqft | $1,050 /mo | |||
| 705 E Colorado Avenue - 107 | 2 bed | 1 bath | 1,152 sqft | $1,050 /mo | |||
| 705 E Colorado Avenue - 106 | 2 bed | 1 bath | 1,152 sqft | $1,050 /mo | |||
| 705 E Colorado Avenue - 208 | 2 bed | 1.5 bath | 1,111 sqft | $1,200 /mo | |||
| 705 E Colorado Avenue - 214 | 2 bed | 1.5 bath | 1,111 sqft | $1,200 /mo | |||
| 705 E Colorado Avenue - 206 | 2 bed | 1.5 bath | 1,111 sqft | $1,200 /mo | |||
| 705 E Colorado Avenue - 211 | 2 bed | 1.5 bath | 1,111 sqft | $1,200 /mo | |||
| 705 E Colorado Avenue - 202 | 2 bed | 1.5 bath | 1,111 sqft | $1,200 /mo | |||
| 705 E Colorado Avenue - 205 | 2 bed | 1.5 bath | 1,111 sqft | $1,200 /mo | |||
| 705 E Colorado Avenue - 203 | 2 bed | 1.5 bath | 1,111 sqft | $1,200 /mo | |||
| 705 E Colorado Avenue - 210 | 2 bed | 1.5 bath | 1,111 sqft | $1,200 /mo | |||
| 705 E Colorado Avenue - 212 | 2 bed | 1.5 bath | 1,111 sqft | $1,200 /mo | |||
| 705 E Colorado Avenue - 215 | 2 bed | 1.5 bath | 1,111 sqft | $1,200 /mo | |||
| 705 E Colorado Avenue - 213 | 2 bed | 1.5 bath | 1,111 sqft | $1,200 /mo | |||
| 705 E Colorado Avenue - 209 | 2 bed | 1.5 bath | 1,111 sqft | $1,200 /mo | |||
| 705 E Colorado Avenue - 207 | 2 bed | 1.5 bath | 1,111 sqft | $1,200 /mo | |||
| 705 E Colorado Avenue - 204 | 2 bed | 1.5 bath | 1,111 sqft | $1,200 /mo | |||
| 705 E Colorado Avenue - 216 | 3 bed | 2.5 bath | 1,408 sqft | $1,400 /mo | |||
| 705 E Colorado Avenue - 201 | 3 bed | 2.5 bath | 1,408 sqft | $1,400 /mo |
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Building details
Property details
| Units | 23 |
|---|
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About 705 E Colorado Avenue
705 E Colorado Avenue cost $950–$1,400 per month. Located at 705 Colorado Avenue, Urbana, Illinois 61801, United States, 705 E Colorado Avenue has 1 — 3 bedroom units available. Based on the average rent price of 3 bedrooms in Urbana, renting an apartment at 705 E Colorado Avenue is 12% cheaper per month.Other apartment buildings in or around Urbana include but are not limited to: 1010 S 1st St, Rally Apts, 705 W Main St, 509 507- 509 W. Green St.
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 705 E Colorado Avenue compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 312 sqft larger than other listings nearby
- More space
- The 3-bedroom is 623 sqft larger than other listings nearby
- More space
- The 1-bedroom is 278 sqft larger than other listings nearby
- Elementary school nearby
- There is an elementary school 0.3 mile away
- Middle school nearby
- There is a middle school 1 mile away
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
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Rent trends in Urbana
1-bedroom apartments here are priced 11% higher than 1-bedrooms in Urbana.
If you decide to upgrade your space, you can expect 2-bedrooms at 705 E Colorado Avenue to be 19% more than the average for similarly sized apartments in Urbana.
3-bedroom apartments at 705 E Colorado Avenue cost about 12% less than the average rent price for 3-bedroom apartments in Urbana.
Median rents as of Nov 15 2025.
Urbana
| Month | Median Rent |
|---|---|
| December 2023 | $559 |
| January 2024 | $556 |
| February 2024 | $706 |
| March 2024 | $743 |
| April 2024 | $761 |
| May 2024 | $751 |
| June 2024 | $714 |
| July 2024 | $702 |
| August 2024 | $801 |
| September 2024 | $828 |
| October 2024 | $783 |
| November 2024 | $755 |
| 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 | $897 |
Affordability calculator
Can I afford to live at 705 Colorado 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
$38,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $38,000 annually to afford this 1-bedroom median monthly rent price of $950.
For more information on rent affordability, visit our rent calculator.
Schools near 705 E Colorado Avenue
Yankee Ridge Elementary School
2102 s anderson st
urbana, IL, 61801
K-5Public
C
Urbana Early Childhood Center
2202 e washington st
urbana, IL, 61802
PKPublic
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Internet available near 705 E Colorado Avenue
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Urbana near 705 Colorado 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
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 705 Colorado Avenue, Urbana
Groceries
3/10
No grocery stores within walking distance
Shopping
3/10
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
Nightlife
2/10
Few or no bars within walking distance
Explore the area around 705 Colorado Avenue
Meijer
2500 Philo Rd
Common Ground Food Co-op
300 S Broadway Ave
Schnucks
200 N Vine St
Asian Supermarket
306 W Main St
Ashar African Market
510 N Cunningham Ave
Mikhail's Shoe & Luggage Repair
1809 Philo Rd
Family Dollar
1110 Philo Rd
The Magic Needle
301 S Race St
Birkenstock Concepts
104 W Main St
Heel to Toe
108 W Main St
Starbucks
102 N Vine St
The Courier Cafe
111 N Race St
7 Brew Coffee
410 N Broadway Ave
Espresso Royale Coffee
1117 W Oregon St
Mala LLC
202 W University Ave
Silver Bullet Bar
1401 E Washington St
Crane Alley
115 W Main St
Rose Bowl Tavern
106 N Race St
A Plus VIP Lounge
214 W Main St
Bunny's Tavern
119 W Water St
Meijer Bakery
2500 Philo Rd
Rick's Bakery
124 W Main St
Strawberry Fields
306 Springfield Ave
World Harvest International & Gourmet
306 Springfield Ave
San Meguel Bakery
510 N Cunningham Ave
First Wok
1815 Philo Rd
Pizza M
1318 Brighton Dr
Jackpot Deli Inc
1901 Philo Rd
Jackpot Food Mart
2005 Philo Rd
Papa Johns
1307 E Florida Ave
Colorado / Larch (NE Corner)
Red
Anderson / Harding (SE Corner)
Red
Anderson / Colorado (NE Corner)
Red
Anderson / Colorado (SE Corner)
Red
Anderson / Harding (NW Corner)
Red
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