9 Hours Ago
Location
1301 1/2 N Hershey Rd, Bloomington, IL 61704, USA|Lakewood-Hillcrest
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Property Overview
Lakewood Terrace offers an impressive overall rating of 9.1 out of 10, highlighting its exceptional value and quality of living with competitive pricing and outstanding amenities. Additionally, the property is strategically located near essential services, including a top-rated elementary school and numerous grocery stores, while being well-suited for those interested in fitness, social engagement, and environmental sustainability. With a solid trustworthiness rating, prospective renters are provided a clear and honest picture of the property and its 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
Elementary school nearby- Images Available
Great for
Wellness
Social life
Eco living
Floor plans
| Lakewood Terrace 1 Bedroom & 1 Bath Apartment for $905.00 | 1 bed | 1 bath | $905 /mo | 1 unit available | |||
| Lakewood Terrace 2 Bedroom & 1 Bath Apartment w/ Balcony for $965.00 | 2 bed | 1 bath | $965 /mo | 1 unit available | |||
| Lakewood Terrace 2 Bedroom & 1 Bath Apartment $995.00 | 2 bed | 1 bath | $995 /mo | 1 unit available | |||
| Lakewood Terrace 2 Bedroom & 1 Bath Apartment w/ Balcony for $1005.00 | 2 bed | 1 bath | $1,005 /mo | 1 unit available |
Let's explore this property.
Amenities for Lakewood Terrace
Apartment Amenities
| Air Conditioning | Balcony |
Appliances
| Fridge | Stove |
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
| Units | 106 |
|---|
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About Lakewood Terrace
Lakewood Terrace cost $905–$1,005 per month. Located at 1301 1/2 N Hershey Rd, Bloomington, IL 61704, USA, Lakewood Terrace has 1 — 2 bedroom units available. Based on the average rent price of 2 bedrooms in Bloomington, renting an apartment at Lakewood Terrace is 11% cheaper per month.Other apartment buildings in or around Bloomington include but are not limited to: 1406 Kurt Dr, 802 Arcadia Dr, 1718 R T Dunn Dr, 19 Basil Way
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.
9.1
/10
ExcellentLakewood Terrace 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 Amenities, which help to make this rental a great place to call home.
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·9A 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.
Lakewood Terrace goes above and beyond to provide sought-after conveniences and desirable perks, including trash removal. Renters looking for popular or luxurious features will find them here—and for that reason, Lakewood Terrace receives one of the highest amenities scores.
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:
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
Considerations
- Oven not listed
- In-unit oven not included in listing
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Rent trends in Lakewood-Hillcrest
If you decide to upgrade your space, you can expect 2-bedrooms at Lakewood Terrace to be 7% less than the average for similarly sized apartments in Lakewood-Hillcrest.
Median rents as of Mar 28 2026.
Lakewood-Hillcrest
Bloomington
| Month | Median Rent |
|---|---|
| April 2024 | $1,081 |
| May 2024 | $1,094 |
| June 2024 | $1,104 |
| July 2024 | $1,093 |
| August 2024 | $1,137 |
| September 2024 | $1,180 |
| 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 |
| Month | Median Rent |
|---|---|
| August 2024 | $1,025 |
| September 2024 | $1,025 |
| 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 |
Affordability calculator
Can I afford to live at 1301 1/2 N Hershey Rd?
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
$36,200/yr
With your selected rent-to-income ratio, you'd ideally want to make $36,200 annually to afford this 1-bedroom monthly rent price of $905.
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
Amigo's Express
502 N Prospect Rd
Schnucks
1701 E Empire St
County Market
403 N Veterans Pkwy
Take It Up Apparel
1306 S Race St
CPO Services Inc
908 N Hershey Rd
Kte Alteration & Tailor Inc
503 N Prospect Rd
Country Lace Bridal Shop
2202 Eastland Dr
Read's Sporting Goods
812 IAA Dr
Starbucks
1403 N Veterans Pkwy
Boba For Life
502 N Prospect Rd
Crafted Coffee Brews
1101 Airport Rd
Tropical Smoothie Cafe
312 S Veterans Pkwy
Gateway Dough LLC
201 N Veterans Pkwy
Dr McKay's
909 N Hershey Rd
Kegler's Pub
804 N Hershey Road Pheasant Ln
Fiesta Ranchera Mexican Restaurant
604 IAA Dr
Shooter's Lounge
503 N Prospect Rd
Hacienda Leon
407 N Hershey Rd
Einstein Bros Bagels
1401 N Veterans Pkwy
Pollen & Pastry
Great Harvest Bread
1704 Eastland Dr
The Vitamin Shoppe
1511 E Vernon Ave
Big Cheese Inc
1503 E Vernon Ave
Pastor Ray Houston
1226 N Hershey Rd
Super J J Fish & Chicken LLC
1102 N Hershey Rd
IHOP
2109 E Empire St
Moe's Southwest Grill
2401 E Empire St
Dr McKay's
909 N Hershey Rd
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