Zumper
modified
1 Day Ago

Highlights

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

Location

502 Elmwood Place, Austin, Texas 78705, United States|Hancock
Hi! Let’s figure out if this property is right for you.

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Tour 502/504 Elmwood Studios

Contact

Management

State Street Property Management

Leasing office

(737) 273-9125 ext. 2

Property Overview

502/504 Elmwood Studios is a verified property with a Zumper expert rating of 7.8, highlighting its appeal to renters. It features a pet-friendly community, onsite laundry, and additional storage, contributing to an amenities rating of 8. The property is conveniently located, earning a location rating of 9, with top-rated schools nearby. Additionally, a trustworthiness rating of 8 reflects the clarity and transparency provided about its offerings.

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

8.9
Very Good
With a solid 8.9 out of 10 overall, 502/504 Elmwood Studios is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 502/504 Elmwood Studios 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
  • High school nearby
  • Middle school nearby

Great for

  • Pet owners

Floor plans

Elmwood StudioStudio1 bath400 sqft$975 /mo1 unit available

Let's explore this property.

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

Questions about this property’s policies and fees?

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.
8.9
/10
Very Good
With a solid 8.9 out of 10 overall, 502/504 Elmwood Studios is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 502/504 Elmwood Studios 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 502/504 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·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.
502/504 Elmwood Studios 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.

502/504 Elmwood Studios is great for:

Pet owners

  • 2 pet grooming services nearby
  • 2 pet hospitals in the area
  • 5 pet supply stores near the property

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

Less expensive
Studio units are cheaper than other similar listings nearby
High school nearby
There is a high school 0.3 mile away
Middle school nearby
There is a middle school 2 miles away
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 35% less than the average rent price for studio apartments in Hancock.

Median rents as of Nov 15 2025.
Hancock
Austin
A table of studio rental data trends in Austin
MonthMedian Rent
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$1,583
June 2025$1,582
July 2025$1,574
August 2025$1,579
September 2025$1,582
October 2025$1,582
November 2025$1,582
A table of studio rental data trends in Hancock
MonthMedian Rent
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$1,493
June 2025$1,504
July 2025$1,531
August 2025$1,414
September 2025$1,566
October 2025$1,567
November 2025$1,504

Affordability calculator

Can I afford to live at 502 Elmwood Place?

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

$39,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $39,000 annually to afford this studio monthly rent price of $975.
For more information on rent affordability, visit our rent calculator.

Schools near 502/504 Elmwood Studios

Lee Elementary School

3308 hampton rd

austin, TX, 78705

K-6Public
A-

Rosedale School

7505 silvercrest dr

austin, TX, 78757

PK, K-12Public

Padron Elementary School

2011 w rundberg ln

austin, TX, 78758

PK, K-5Public
C

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 Place

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 Place, 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

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