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Updated 12 Hours Ago

Location

1301 1/2 N Hershey Rd, Bloomington, IL 61704, USA|Lakewood-Hillcrest
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Management

Lakewood Terrace Apartments

Leasing office

(309) 828-1950

Property Overview

Lakewood Terrace earns a strong overall rating, driven by standout value, solid amenities, and a convenient location. It also offers walkable access to transit, nearby parks, and a lively surrounding area with many restaurants and mixed-use spaces, plus on-site recycling or composting options.

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, Lakewood Terrace is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Lakewood Terrace 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

  • Elementary school nearby
  • Images Available
  • Outdoor space

Great for

  • Eco living
  • Social life

Floor plans

Lakewood Terrace 2 Bedroom & 1 Bath Apartment w/ Balcony for $1015.002 bed1 bath$1,015 /mo1 unit available

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Amenities for Lakewood Terrace

Apartment Amenities

Balcony

Building

Water/Sewer

Services

Trash Removal
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

Units106
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About Lakewood Terrace

HomeApartments in Bloomington Lakewood Terrace

Lakewood Terrace cost $1,015 per month. Located at 1301 1/2 N Hershey Rd, Bloomington, IL 61704, USA, Lakewood Terrace has 2 bedroom units available. Based on the average rent price of 2 bedrooms in Bloomington, renting an apartment at Lakewood Terrace is 12% cheaper per month.Other apartment buildings in or around Bloomington include but are not limited to: 306 E Locust St, 804 S Morris Ave, 801 N Mclean St, 112 W Raab Rd


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, Lakewood Terrace is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Lakewood Terrace 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 Lakewood Terrace
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.
Lakewood Terrace 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, Lakewood Terrace 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.
Lakewood Terrace 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.
Lakewood Terrace 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.
Lakewood Terrace 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.

Lakewood Terrace is great for:

Eco living

  • You can get around by foot in this area
  • Public transit available nearby
  • On-site recycling or composting options
  • 8 parks within a mile

Social life

  • 102 restaurants within 1 mile of this property
  • Areas nearby are accessible by walking
  • A bustling neighborhood
  • 173 mixed-use spaces nearby

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 Lakewood Terrace compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.2 mile away
Images Available
There are at least 10 photos of this address
Outdoor space
Easy access to the outdoors

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Rent trends in Lakewood-Hillcrest

2-bedroom apartments at Lakewood Terrace cost about 2% more than the average rent price for 2-bedroom apartments in Lakewood-Hillcrest.

Median rents as of Aug 29 2026.
Lakewood-Hillcrest
Bloomington
A table of 2-bedroom apartment rental data trends in Bloomington
MonthMedian Rent
September 2024$1,182
October 2024$1,156
November 2024$1,142
December 2024$1,077
January 2025$1,099
February 2025$1,105
March 2025$1,176
April 2025$1,174
May 2025$1,146
June 2025$1,192
July 2025$1,147
August 2025$1,131
September 2025$1,124
October 2025$1,084
November 2025$1,137
December 2025$1,150
January 2026$1,132
February 2026$1,119
March 2026$1,120
April 2026$1,181
May 2026$1,170
June 2026$1,148
July 2026$1,149
August 2026$1,147
A table of 2-bedroom apartment rental data trends in Lakewood-Hillcrest
MonthMedian Rent
October 2024$1,025
January 2025$1,350
February 2025$1,392
March 2025$1,449
April 2025$1,449
May 2025$1,065
June 2025$1,065
July 2025$1,065
August 2025$1,065
April 2026$1,003

Affordability calculator

Can I afford to live at 1301 1/2 N Hershey Rd?

Bedrooms

2 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

$40,600/yr

With your selected rent-to-income ratio, you'd ideally want to make $40,600 annually to afford this 2-bedrooms monthly rent price of $1,015.
For more information on rent affordability, visit our rent calculator.

Schools near Lakewood Terrace

Stevenson Elementary School

2106 arrowhead dr

bloomington, IL, 61704

K-5Public
B-

Scott Early Learning Center

1119 e taylor st

bloomington, IL, 61701

PKPublic

Sarah E. Raymond School of Early Education

1402 w olive st

bloomington, IL, 61701

PKPublic

Thomas Metcalf School

isu campus box 7000

normal, IL, 61790

PK, K-8Public
A+

Congerville Elementary School

310 e kauffman st

congerville, IL, 61729

K-4Public
A
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Internet available near Lakewood Terrace

Getting around Bloomington near 1301 1/2 N Hershey Rd

Walking

5/10
Some shops and stores are within a few minutes.

Driving

7/10
This area is close to freeways and has adequate parking options.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 1301 1/2 N Hershey Rd, Bloomington

Groceries

6/10
At least one grocery store within a 15-minute walk

Shopping

5/10
Variety of shops within walking distance

Cafes

4/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

2/10
No high schools within a 30-minute walk

Nightlife

3/10
Few or no bars within walking distance

Explore the area around 1301 1/2 N Hershey Rd

Hy-Vee
1403 N Veterans Pkwy
Aalaya Foods LLC
503 N Prospect Rd
Schnucks
1701 E Empire St
Amigo's Express
502 N Prospect Rd
County Market
403 N Veterans Pkwy

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