Zumper
Apartment for rentPet friendly
modified
3 Days Ago
9
Excellent

502/504 Elmwood Studios Apartments
502 Elmwood Pl, Austin, TX 78705, USA

State Street Property Management

502 Elmwood Pl, Austin, TX 78705, USA
9
Excellent
Monthly rent$1,000–$1,075
BedsStudios
Baths1
Sqft350–400
Monthly rent$1,000–$1,075
BedsStudios
Baths1
Sqft350–400
modified
3 Days Ago

Highlights

  • Pet Friendly
  • Pet-friendly community
  • Onsite laundry facilities
  • Additional storage space
  • Convenient pet waste station
  • Comfortable apartment

Location

502 Elmwood Pl, Austin, TX 78705, USA|Hancock
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Tour 502/504 Elmwood Studios

Contact

Managed by

Management

State Street Property Management

Leasing office

(512) 222-3870

Floor plans

504 Studio, unit 110Studio1 bath350 sqft$1,000 /mo1 unit available
504 Studio, unit 210/211Studio1 bath400 sqft$1,020 /mo1 unit available
Standard StudioStudio1 bath400 sqft$1,075 /mo1 unit available
504 Studio, unit 109Studio1 bath400 sqft$1,075 /mo1 unit available
504 Studio, unit 108/208Studio1 bath400 sqft$1,075 /mo1 unit available

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Amenities for 502/504 Elmwood Studios

Building

Cats OKDogs OK
Onsite Laundry

Grounds

Off-Street Parking
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

Dog policy

Allowed 
Limit1

Cat policy

Allowed 
Limit1
Building details

Property details

Units21
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About 502/504 Elmwood Studios

HomeApartments in AustinHancock 502/504 Elmwood Studios

Welcome to Elmwood Studios in the heart of Austin, TX and right on the North edge of the University of Texas campus! Our pet-friendly community offers a convenient pet waste station for your furry friends, permit parking for residents, onsite laundry facilities for your convenience, and additional storage space to keep your belongings organized. Enjoy the vibrant city life while coming home to a comfortable and well-maintained apartment. Contact us today to schedule a tour and experience the convenience and comfort of Elmwood Studios.


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.
9.0
/10
Excellent
502/504 Elmwood Studios is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Location, which help to make this rental a great place to call home.
How we rated 502/504 Elmwood Studios
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.
502/504 Elmwood Studios 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, 502/504 Elmwood Studios 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.
502/504 Elmwood Studios 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·9A 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.
502/504 Elmwood Studios has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
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.

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 502/504 Elmwood Studios compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 2 miles away
High school nearby
There is a high school 0.3 mile away
Less expensive
Studio units are cheaper than other similar listings nearby
Images Available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit

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Rent trends in Hancock

Studio apartments at 502/504 Elmwood Studios cost about 30% less than the average rent price for studios in Hancock.

Median rents as of May 3 2025.
Hancock
Austin
A table of studio rental data trends in Austin
MonthMedian Rent
May 2023$1,462
June 2023$1,398
July 2023$1,416
August 2023$1,436
September 2023$1,443
October 2023$1,492
November 2023$1,444
December 2023$1,448
January 2024$1,445
February 2024$1,438
March 2024$1,495
April 2024$1,500
May 2024$1,504
June 2024$1,520
July 2024$1,502
August 2024$1,521
September 2024$1,582
October 2024$1,596
November 2024$1,576
December 2024$1,569
January 2025$1,582
February 2025$1,576
March 2025$1,582
April 2025$1,601
May 2025$1,587
A table of studio rental data trends in Hancock
MonthMedian Rent
May 2023$1,410
June 2023$1,325
July 2023$1,322
August 2023$1,683
September 2023$1,669
October 2023$1,613
November 2023$1,508
December 2023$1,478
January 2024$1,424
February 2024$1,300
March 2024$1,371
April 2024$1,477
May 2024$1,502
June 2024$1,505
July 2024$1,519
August 2024$1,501
September 2024$1,511
October 2024$1,516
November 2024$1,498
December 2024$1,496
January 2025$1,504
February 2025$1,514
March 2025$1,514
April 2025$1,504
May 2025$1,504

Affordability calculator

Can I afford to live at 502 Elmwood Pl?

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

$43,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $43,000 annually to afford this studio median monthly rent price of $1,075.
For more information on rent affordability, visit our rent calculator.

Check availability

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Schools near 502/504 Elmwood Studios

Lee Elementary School

3308 hampton rd

austin, TX, 78705

PK, K-6Public
A

Pease Elementary School

1106 rio grande st

austin, TX, 78701

K-6Public
A-

Rosedale School

2117 w 49th st

austin, TX, 78756

PK, K-12Public

Padron Elementary School

2011 w rundberg ln

austin, TX, 78758

PK, K-5Public
B

Uphaus Early Childhood Center

5200 freidrich ln

austin, TX, 78744

PK, KPublic
B
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Internet available near 502/504 Elmwood Studios

Getting around Austin near 502 Elmwood Pl

Walking

9/10
No car? No problem. Everything you need is within a few blocks.

Driving

6/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

9/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

7/10
Popular public transit options are just a short walk from this location.

Points of interest for 502 Elmwood Pl, Austin

Groceries

7/10
At least one grocery store within a 15-minute walk

Shopping

7/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

8/10
Variety of restaurants within walking distance

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 10-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

7/10
Variety of bars within walking distance

Explore the area around 502 Elmwood Pl

Red River
3213 Red River St
Red River Market
3213 Red River St
Foxtrot Market
2266 Guadalupe St
Wheatsville Food Co-op
3101 Guadalupe St
Polkadots Cupcake Factory
2826 Rio Grande St
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Check availability

Full name*
Move-in date
Floor plan
By sending this inquiry, I accept Zumper's Terms and Conditions, Privacy Policy, and Community Values. By providing my phone number, I consent (not a condition of purchase) to be called and texted by 502/504 Elmwood Studios.