23 Hours Ago
Location
506 W Elm St, Urbana, IL 61801, USA
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Property Overview
The property at 506 W Elm receives an impressive Zumper expert rating of 8.4, indicating it is a desirable rental option. With a competitive price rating of 9 and a perfect amenities rating of 10, it offers excellent value for its features. Additionally, its prime location scores 9, providing convenient access to schools, dining, and transportation, while the property is well-regarded for its transparency and trustworthiness.
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.
Things you’ll love
Middle school nearby- Elementary school nearby
- Dishwasher
Great for
Social life
Floor plans
| Cozy 2x1 Apartments near Campus! Text to tour 217-402-7947 | 2 bed | 1 bath | 600 sqft | $400 /mo | 1 unit available | ||
| Cozy 3x1 Apartments near Campus! Text to tour 217-402-7947 | 3 bed | 1 bath | 819 sqft | $350 /mo | 1 unit available |
Let's explore this property.
Amenities for 506 W Elm
Apartment Amenities
| Air Conditioning | Balcony |
| Living Room Furniture | Patio |
| Three Dressers & Closet Systems | Water |
Appliances
| Dishwasher | Microwave |
| Range/Stove | Refrigerator |
Tech
| Internet |
Building
| Fitness Center | Residents Lounge |
| Sewer |
Services
| On-Site Maintenance | Recycling |
| Trash Service |
Neighborhood
| Bus Line Nearby |
Other
| Income Requirement Waived for UIUC Students | Leased Parking |
| Low Admin Fee or Security Deposit – You Choose! | Two Desk Chairs |
| Two Double Beds | Two Dressers & Closet Systems |
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
Contact for more information on pet policy.
Building details
Property details
| Units | 11 |
|---|
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About 506 W Elm
506 W Elm cost $350–$400 per month. A couple amenities for this apartment building include but are not limited to: residents lounge and fitness center. Located at 506 W Elm St, Urbana, IL 61801, USA, 506 W Elm has 2 — 3 bedroom units available. Based on the average rent price of 3 bedrooms in Urbana, renting an apartment at 506 W Elm is 73% cheaper per month.Other apartment buildings in or around Urbana include but are not limited to: 1500 W Anthony Dr, 520 N Neil St, 408 S Prairie St, 1002 S 2nd St
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.
7.5
/10
Very Good506 W Elm 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.
Price·6A 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.
506 W Elm is priced lower than the median price per bedroom for the area. While it may be more affordable, there may also be trade-offs in terms of amenities or quality compared to similar listings nearby. It caters to those seeking cost savings, albeit with some compromises.
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.
506 W Elm 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, 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.
506 W Elm 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 W Elm 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.
506 W Elm 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.
506 W Elm is great for:
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 W Elm compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 1 mile away
- Elementary school nearby
- There is an elementary school 0.3 mile away
- Dishwasher
- Dishwasher available in kitchen
- Images Available
- There are at least 10 photos of this address
- Outdoor space
- Easy access to the outdoors
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Rent trends in Urbana
If you decide to upgrade your space, you can expect 2-bedrooms at 506 W Elm to be 63% less than the average for similarly sized apartments in Urbana.
3-bedroom apartments at 506 W Elm cost about 76% less than the average rent price for 3-bedroom apartments in Urbana.
Median rents as of Aug 9 2025.
Urbana
| Month | Median Rent |
|---|---|
| October 2023 | $589 |
| November 2023 | $554 |
| 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 |
Affordability calculator
Can I afford to live at 506 W Elm St?
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
$16,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $16,000 annually to afford this 2-bedrooms monthly rent price of $400.
For more information on rent affordability, visit our rent calculator.
Schools near 506 W Elm
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
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Internet available near 506 W Elm
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Urbana near 506 W Elm St
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
6/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 506 W Elm St, Urbana
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
5/10
Some shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
6/10
Variety of restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
7/10
At least one high school within a 20-minute walk
Nightlife
4/10
Few or no bars within walking distance
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