Zumper
modified
Updated 9 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
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Contact

Management

The Weiner Companies, Ltd.

Leasing office

(217) 384-8001

Property Overview

502 W. Elm offers strong value with an 8.8 Zumper expert rating, top marks for price and amenities, and a highly convenient location. It stands out as a furnished, cozy studio with modern bathroom features, a spacious living area, and utilities included, while nearby restaurants, cultural spots, coworking options, pet care, and wellness resources add to its appeal.

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

  • Less expensive
  • Eco-friendly trash disposal

Great for

  • Social life
  • Wellness
  • Pet owners

Floor plans

0BR/1.0BAStudio1 bath$719–$887 /mo3 units availableThis is the coziest of cozy studio apartments nestled in sunny West Urbana. All your utilities are included INCLUDING WIFI! This unit includes a spacious living area, bathroom, and kitchen. Stay connected with complimentary internet, and enjoy the convenience of having utilities included in your rent! Located in an historic building with a huge grass yard, this apartment is perfect for those looking for a hassle-free living experience. Don't miss out on this opportunity to make this studio your new home. Contact us today for more information!
1BR/1.0BA1 bed1 bath$730–$751 /mo2 units availableVintage vibes around for 502 West Elm. Super cute one bedroom/efficiency apartment in the heart of West Urbana. Beautiful hardwood floors, large windows, tall ceilings, and original stain glass window features. Cute kitchen and you have the makings of a cool vintage1 bedroom apartment at 502 West Elm #2. Huge grass front yard and a nice neighborhood feel. Best of all for your pocket book...All utilities are included. HEAT IS INCLUDED. Yes you heard me. Heat/electric...and water, sewer, trash are all included in the price. ALSO WIFI IS INCLUDED! Onsite bike parking. Free street parking that is generally not too crowded. You are on the2nd floor of a 200 year old historically designated building in West Urbana overlooking a huge yard. One block from West green street. half a block from West Springfield. 3 blocks to campus and two blocks to downtown Urbana. cat friendly Onsite coin operated washer/dryer!

Let's explore this property.

Amenities for 502 W. Elm

Apartment Amenities

Air ConditioningDining Table and Chairs
FurnishedGas
Love SeatTrash
Utilities IncludedWater

Appliances

ElectricFridge
Gas RangeRange
RefrigeratorWindow AC

Tech

Internet Included

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

About 502 W. Elm

HomeApartments in Urbana 502 W. Elm

This is the coziest of cozy studio apartments nestled in sunny West Urbana. All your utilities are included INCLUDING WIFI! This unit includes a spacious living area, bathroom, and kitchen. Stay connected with complimentary internet, and enjoy the convenience of having utilities included in your rent! Located in an historic building with a huge grass yard, this apartment is perfect for those looking for a hassle-free living experience. Don't miss out on this opportunity to make this studio your new home. Contact us today for more information!


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, 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.
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·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

502 W. Elm is great for:

Social life

  • 141 restaurants within 1 mile of this property
  • A bustling neighborhood
  • 30 museums, art galleries, or cultural centers within 1 mile
  • 151 mixed-use spaces nearby

Wellness

  • Ample windows and natural lighting
  • 3 farmers markets or health food stores nearby
  • Communal green spaces or garden
  • HVAC systems available onsite

Pet owners

  • 2 pet hospitals in the area

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

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Less expensive
Studio units are cheaper than other similar listings nearby
Eco-friendly trash disposal
This property has recycling pickup

Considerations

Greater distance from high schools
The nearest high school is farther than 0.5 miles away
Lacks images
Fewer than 5 photos available for this property

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Rent trends in Urbana

Studio apartments at 502 W. Elm cost about 7% less than the average rent price for studios in Urbana.

1-bedroom apartments here are priced 21% lower than 1-bedrooms in Urbana.

Median rents as of Nov 7 2026.
Urbana
A table of studio rental data trends in Urbana
MonthMedian Rent
November 2024$781
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$810
November 2026$776

Affordability calculator

Can I afford to live at 502 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

$28,760/yr

With your selected rent-to-income ratio, you'd ideally want to make $28,760 annually to afford this studio monthly rent price of $719.
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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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

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