Zumper
modified
14 Hours Ago

Highlights

  • Modern amenities
  • Modern bathroom
  • Spacious living area
  • Furnished unit
  • Utilities included
  • Cozy studio apartment

Location

502 W Elm St, Urbana, IL 61801, USA
Hi! Let’s figure out if this property is right for you.

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Tour 502 W. Elm

Contact

Management

The Weiner Companies, Ltd.

Leasing office

(217) 384-8001

Property Overview

502 W. Elm offers a cozy furnished studio with modern amenities, a spacious living area, a modern bathroom, and utilities included, providing excellent value and convenience. With an expert rating of 8.8/10 and perfect scores for price and amenities, it combines strong overall quality with a vibrant neighborhood featuring abundant restaurants, entertainment options, and a nearby coworking space. The property also supports pet owners with nearby pet hospitals and is backed by a detailed, transparent listing.

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

8.8
Very Good
With a solid 8.8 out of 10 overall, 502 W. Elm is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 502 W. Elm has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Elementary school nearby
  • Pet friendly

Great for

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

Floor plans

0BR/1.0BAStudio1 bath$845 /mo1 unit available

Let's explore this property.

Amenities for 502 W. Elm

Apartment Amenities

Dining Table and ChairsGas
TrashWater

Appliances

Electric

Tech

Internet

Building

Cats OKSewer
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

Not allowed

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units10
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About 502 W. Elm

HomeApartments in Urbana 502 W. Elm

502 W. Elm cost $845 per month. Located at 502 W Elm St, Urbana, IL 61801, USA, 502 W. Elm has studio bedroom units available. Based on the average rent price of studio in Urbana, renting an apartment at 502 W. Elm is 3% cheaper per month.Other apartment buildings in or around Urbana include but are not limited to: 1500 W Anthony Dr, Rally Apts, 1905 N Cunningham Ave, 907 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.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, 502 W. Elm is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 502 W. Elm has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 502 W. Elm
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.
502 W. Elm 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·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.
502 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—cats allowed—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.
502 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 502 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.
502 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.

502 W. Elm is great for:

Pet owners

  • 2 pet hospitals in the area

Work-from-home

  • High speed internet is an amenity
  • Utilities included in the rent
  • 1 coworking space or cafe within 1 mile
  • 1 office supply store within 1 mile

Social life

  • 176 restaurants within 1 mile of this property
  • A bustling neighborhood
  • 36 museums, art galleries, or cultural centers within 1 mile
  • 17 theaters, music venues, or sports arenas nearby

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 502 W. Elm compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.3 mile away
Pet friendly
This property allows pets

Considerations

Lacks images
Fewer than 10 photos available for this location

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Rent trends in Urbana

studio apartments at 502 W. Elm cost about 3% less than the average rent price for studio apartments in Urbana.

Median rents as of Apr 25 2026.
Urbana
A table of studio rental data trends in Urbana
MonthMedian Rent
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$864
December 2025$807
January 2026$830
February 2026$831
March 2026$856
April 2026$870

Affordability calculator

Can I afford to live at 502 W Elm St?

Bedrooms

Studio

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

$33,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $33,800 annually to afford this studio monthly rent price of $845.
For more information on rent affordability, visit our rent calculator.

Schools near 502 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

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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Internet available near 502 W. Elm

Neighborhood

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

Getting around Urbana near 502 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 502 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

Explore the area around 502 W Elm St

Asian Supermarket
306 W Main St
Common Ground Food Co-op
300 S Broadway Ave
Tienda Guatemala
408 N Race St
Schnucks
200 N Vine St
Best of Africa Food Store LLC
202 E University Ave

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