18 Hours Ago
Highlights
- Wifi
- Hardwood floors
- All utilities included
- Large windows
- Free street parking
- Onsite bike parking
Location
502 W Elm St, Urbana, IL 61801, USA
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Property Overview
502 W. Elm is highly rated with an overall score of 8.8 out of 10, indicating its strong appeal to renters. It excels in amenities and price, both rated at a perfect 10, showcasing its excellent value and array of features like high-speed internet and large windows. Located near numerous restaurants, cultural centers, and recreational areas, this property offers versatility for various lifestyles, while ensuring transparency in its description and management.
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
Less expensive- Pet friendly
Great for
Wellness
Social life
Pet owners
Floor plans
| 0BR/1.0BA | Studio | 1 bath | $665–$745 /mo | 3 units available | Welcome to our cozy studio apartment in Urbana, IL. This furnished unit includes a spacious living area, a modern bathroom, and a kitchen. Stay connected with complimentary internet, and enjoy the convenience of having utilities included in your rent. Located in a prime area, 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. |
Let's explore this property.
Amenities for 502 W. Elm
Apartment Amenities
| Air Conditioning | Dining Table and Chairs |
| Furnished | Gas |
| Trash | Utilities Included |
| Water |
Appliances
| Electric | Fridge |
| Gas Range | Range |
| Refrigerator | Window AC |
Tech
| Internet Included |
Building
| Cats OK | Sewer |
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
| Units | 10 |
|---|
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About 502 W. Elm
Welcome to our cozy studio apartment in Urbana, IL. This furnished unit includes a spacious living area, a modern bathroom, and a kitchen. Stay connected with complimentary internet, and enjoy the convenience of having utilities included in your rent. Located in a prime area, 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 GoodWith 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.
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:
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
- Studio units are cheaper than other similar listings nearby
- Pet friendly
- This property allows pets
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
studio apartments at 502 W. Elm cost about 20% less than the average rent price for studio apartments in Urbana.
Median rents as of Jan 24 2026.
Urbana
| Month | Median Rent |
|---|---|
| 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 | $864 |
| December 2025 | $807 |
| January 2026 | $829 |
Affordability calculator
Can I afford to live at 502 W Elm St?
Bedrooms
StudioRent-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
$26,600/yr
With your selected rent-to-income ratio, you'd ideally want to make $26,600 annually to afford this studio monthly rent price of $665.
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
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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
The Magic Needle
301 S Race St
Heel to Toe
108 W Main St
Birkenstock Concepts
104 W Main St
Fira Boutique
700 S Gregory St
Ragstock Champaign
627 S Wright St
The Courier Cafe
111 N Race St
Dunkin'
404 W University Ave
Mala LLC
202 W University Ave
Starbucks
102 N Vine St
7 Brew Coffee
410 N Broadway Ave
A Plus VIP Lounge
214 W Main St
Rose Bowl Tavern
106 N Race St
Crane Alley
115 W Main St
Bunny's Tavern
119 W Water St
Canopy Club
708 S Goodwin Ave
Strawberry Fields
306 Springfield Ave
World Harvest International & Gourmet
306 Springfield Ave
Rick's Bakery
124 W Main St
Einstein Bros Bagels
901 W University Ave
San Meguel Bakery
510 N Cunningham Ave
World Harvest International & Gourmet
306 Springfield Ave
A Plus VIP Lounge
214 W Main St
Siam Terrace
212 W Main St
Cafeteria & Company
208 W Main St
The Courier Cafe
111 N Race St
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Green, Green
Springfield / Phillips Rec. Ctr (South)
Silver, Gold, Silver
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