1 Day Ago
Highlights
- On-site laundry
- Cozy unit
- Pet-friendly
Location
501 South Elm Street, Champaign, Illinois 61820, United States
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Property Overview
501 S Elm St features a cozy, pet-friendly unit with convenient on-site laundry. It benefits from its proximity to highly rated schools, making it a desirable location for education. The property's vibrant neighborhood, with 145 restaurants and 185 mixed-use spaces within a mile, enhances the social experience, while nearby parks and public transit options promote environmental sustainability and walkability.
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
Elementary school nearby- Middle school nearby
- More space
Great for
Eco living
Social life
Floor plans
| 501 S Elm St. - 3 Bed | 3 bed | 1 bath | 1,000 sqft | $1,135 /mo | 1 unit available |
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Amenities for 501 S Elm St
Apartment Amenities
| Trash | Water |
Building
| 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
Building details
Property details
| Units | 7 |
|---|
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About 501 S Elm St
501 S Elm St cost $1,135 per month. Located at 501 South Elm Street, Champaign, Illinois 61820, United States, 501 S Elm St has 3 bedroom units available. Based on the average rent price of 3 bedrooms in Champaign, renting an apartment at 501 S Elm St is 40% cheaper per month.Other apartment buildings in or around Champaign include but are not limited to: 613 W Healey St, 509 507- 509 W. Green St., 410 Ginger Bend Drive, 905 903, 905 Hartwell Dr.
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.
7.1
/10
Very Good501 S Elm St is worth considering and a notable rental in the neighborhood. Residents prioritizing Location 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.
501 S Elm St 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·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, 501 S Elm St 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.
501 S Elm St 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 501 S Elm St 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.
501 S Elm St 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.
501 S Elm St 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 501 S Elm St compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.3 mile away
- Middle school nearby
- There is a middle school 0.2 mile away
- More space
- The 3-bedroom is 62 sqft larger than other listings nearby
- High school nearby
- There is a high school 0.3 mile away
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Rent trends in Champaign
3-bedroom apartments at 501 S Elm St cost about 40% less than the average rent price for 3-bedroom apartments in Champaign.
Median rents as of Nov 29 2025.
Champaign
| Month | Median Rent |
|---|---|
| December 2023 | $910 |
| January 2024 | $899 |
| February 2024 | $884 |
| March 2024 | $855 |
| April 2024 | $850 |
| May 2024 | $846 |
| June 2024 | $839 |
| July 2024 | $842 |
| August 2024 | $796 |
| September 2024 | $855 |
| October 2024 | $922 |
| November 2024 | $917 |
| December 2024 | $937 |
| January 2025 | $947 |
| February 2025 | $924 |
| March 2025 | $934 |
| April 2025 | $1,003 |
| May 2025 | $984 |
| June 2025 | $992 |
| July 2025 | $916 |
| August 2025 | $925 |
| September 2025 | $1,009 |
| October 2025 | $1,024 |
| November 2025 | $1,091 |
Affordability calculator
Can I afford to live at 501 South Elm Street?
Bedrooms
3 bedroomsRent-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
$45,400/yr
With your selected rent-to-income ratio, you'd ideally want to make $45,400 annually to afford this 3-bedrooms monthly rent price of $1,135.
For more information on rent affordability, visit our rent calculator.
Schools near 501 S Elm St
South Side Elementary School
715 s new st
champaign, IL, 61820
K-5Public
B
Dr. Howard Elementary School
110 n james
champaign, IL, 61821
K-5Public
B+
Westview Elementary School
703 s russell st
champaign, IL, 61821
K-5Public
C+
Stratton Elementary School
902 n randolph st
champaign, IL, 61820
K-5Public
C+
Bottenfield Elementary School
1801 s prospect ave
champaign, IL, 61820
K-5Public
B+
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Internet available near 501 S Elm St
Getting around Champaign near 501 South Elm Street
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
6/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 501 South Elm Street, Champaign
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
6/10
Variety of 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
9/10
At least one high school within a 5-minute walk
Nightlife
4/10
Some bars within walking distance
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