5+ Days Ago
Highlights
Pet Friendly
Location
500 S Laramie Ave, Chicago, IL 60644, USA|Austin
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Property Overview
500 S Laramie earns a strong overall impression with an 8.3 Zumper Expert Rating, combining excellent price value, solid amenities, and a highly convenient location. It stands out for value-for-money and value per square foot, while also being marked great for pet friendliness thanks to nearby dog parks, grooming services, and pet supply stores.
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
High school nearby- Less expensive
Great for
Pet owners
Floor plans
| 1 Bedroom 1 Bath Apartment | 1 bed | 1 bath | 680 sqft | $1,040 /mo | 1 unit available |
Let's explore this property.
Amenities for 500 S Laramie
Apartment Amenities
| 3rd Floor | Eat-in Kitchen |
| Heat Included |
Building
| Cats OK | Dogs OK |
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
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 44 |
|---|
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About 500 S Laramie
This 48-unit building is located in the Austin neighborhood on the West side of Chicago. The building features great amenities. Commute easily via CTA Blue Line at the Cicero-Forest Park stop. Nearby parks include Moore Park, Park 416 and Columbus Park. Section 8 accepted! Call today to schedule a tour!
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.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, 500 S Laramie is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 500 S Laramie has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A 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.
500 S Laramie offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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, 500 S Laramie 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.
500 S Laramie 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 500 S Laramie 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.
500 S Laramie 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.
500 S Laramie 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 500 S Laramie compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.1 mile away
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
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Rent trends in Austin
1-bedroom apartments at 500 S Laramie cost about 13% less than the average rent price for 1-bedroom apartments in Austin.
Median rents as of Jul 4 2026.
Austin
Chicago
| Month | Median Rent |
|---|---|
| July 2024 | $1,922 |
| August 2024 | $1,691 |
| September 2024 | $1,682 |
| October 2024 | $1,630 |
| November 2024 | $1,568 |
| December 2024 | $1,501 |
| January 2025 | $1,483 |
| February 2025 | $1,495 |
| March 2025 | $1,520 |
| April 2025 | $1,512 |
| May 2025 | $1,502 |
| June 2025 | $1,531 |
| July 2025 | $1,580 |
| August 2025 | $1,516 |
| September 2025 | $1,473 |
| October 2025 | $1,495 |
| November 2025 | $1,520 |
| December 2025 | $1,495 |
| January 2026 | $1,496 |
| February 2026 | $1,516 |
| March 2026 | $1,657 |
| April 2026 | $1,637 |
| May 2026 | $1,684 |
| June 2026 | $1,691 |
| July 2026 | $1,695 |
| Month | Median Rent |
|---|---|
| July 2024 | $806 |
| August 2024 | $847 |
| September 2024 | $895 |
| October 2024 | $984 |
| November 2024 | $1,227 |
| December 2024 | $2,378 |
| January 2025 | $2,610 |
| February 2025 | $2,742 |
| March 2025 | $2,940 |
| April 2025 | $2,942 |
| May 2025 | $1,515 |
| June 2025 | $1,145 |
| July 2025 | $1,115 |
| August 2025 | $1,028 |
| September 2025 | $920 |
| October 2025 | $889 |
| November 2025 | $1,002 |
| December 2025 | $1,150 |
| January 2026 | $1,133 |
| February 2026 | $1,108 |
| March 2026 | $1,036 |
| April 2026 | $1,068 |
| May 2026 | $1,050 |
| June 2026 | $997 |
| July 2026 | $999 |
Affordability calculator
Can I afford to live at 500 S Laramie Ave?
Bedrooms
1 bedroomRent-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
$41,600/yr
With your selected rent-to-income ratio, you'd ideally want to make $41,600 annually to afford this 1-bedroom monthly rent price of $1,040.
For more information on rent affordability, visit our rent calculator.
Schools near 500 S Laramie
George Leland Elementary School
512 s lavergne ave
chicago, IL, 60644
PK, K-8Public
C-
Plato Learning Academy Elementary School
5545 w harrison st
chicago, IL, 60644
K-8Public
C-
Chicago Commons Nia Family Center
744 n monticello ave
chicago, IL, 60624
PKPublic
Kellman Corporate Community Elementary School
3030 w arthington st
chicago, IL, 60612
PK, K-8Public
C-
District 99 Early Childhood Center
5330 w 35th st
cicero, IL, 60804
PKPublic
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Internet available near 500 S Laramie
Getting around Chicago near 500 S Laramie Ave
Walking
7/10
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
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 500 S Laramie Ave, Chicago
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
6/10
Several shops within walking distance
Cafes
3/10
Some cafés within walking distance
Restaurants
6/10
Some restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
3/10
Some bars within walking distance
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