16 Hours Ago
Location
1301 1/2 N Hershey Rd, Bloomington, IL 61704, USA|Lakewood-Hillcrest
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Property Overview
Lakewood Terrace receives a strong overall rating of 8.3, highlighting its excellent balance of price and value, reinforced by a competitive pricing score of 8. Its prime location, rated 9, enhances convenience, with access to amenities, schools, and transportation, while its quality rating of 9 emphasizes its appeal among renters. Pros include proximity to a top-rated elementary school and a vibrant neighborhood with numerous dining options, as well as a commitment to environmental sustainability with accessible parks and public transit.
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- Less expensive
- Images Available
Great for
Eco living
Social life
Floor plans
| One Bedroom One Bath Apartment for $835.00 In The Best Part Of Town!!! | 1 bed | 1 bath | 700 sqft | $835 /mo | 1 unit available | ||
| Lakewood Terrace 2 Bedroom & 1 Bath Apartment w/ Balcony for $935.00 | 2 bed | 1 bath | 700 sqft | $935 /mo | 1 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
Contact for more information on pet policy.
Building details
Property details
| Units | 106 |
|---|
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About Lakewood Terrace
Lakewood Terrace cost $835–$935 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 17% cheaper per month.Other apartment buildings in or around Bloomington include but are not limited to: 1706 Springfield Rd, 1208 Major St, 2214 Peirce Ave
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.
8.3
/10
Very GoodWith a solid 8.3 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 Location— so you can be assured your rent will come with a high standard of living.
Price·8A 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.
Scoring a 8/10, Lakewood Terrace is a great option for renters looking for apartments in Lakewood-Hillcrest. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
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:
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
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Images Available
- There are at least 10 photos of this address
Considerations
- No in-unit dishwasher
- Dishwashers aren't available
- 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 12% less than the average for similarly sized apartments in Lakewood-Hillcrest.
Median rents as of Sep 27 2025.
Lakewood-Hillcrest
Bloomington
| Month | Median Rent |
|---|---|
| October 2023 | $1,054 |
| November 2023 | $1,037 |
| December 2023 | $1,020 |
| January 2024 | $1,012 |
| February 2024 | $1,046 |
| March 2024 | $1,035 |
| April 2024 | $1,085 |
| 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 |
| 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
$33,400/yr
With your selected rent-to-income ratio, you'd ideally want to make $33,400 annually to afford this 1-bedroom monthly rent price of $835.
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-
Sarah E. Raymond School of Early Education
1402 w olive st
bloomington, IL, 61701
PKPublic
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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
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