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modified
Updated 5 Hours Ago

Highlights

  • Private balcony
  • Dishwasher
  • Quartz countertops
  • In-unit laundry
  • New cabinets
  • Newly remodeled units

Location

507 S 4th St, Champaign, IL 61820, USA
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Contact

Management

Smile Fairlawn Student Living

Leasing office

(217) 687-1988

Property Overview

507 S Fourth offers strong overall value with an 8.4 Zumper Expert Rating, standout amenities, and a highly convenient location. It includes features like a private balcony, dishwasher, quartz countertops, in-unit laundry, and newly remodeled units with new cabinets, while also appealing for work-from-home, social, fitness, and sustainability needs.

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

8.4
Very Good
With a solid 8.4 out of 10 overall, 507 S Fourth is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 507 S Fourth has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Dishwasher
  • Eco-friendly trash disposal
  • Fitness center

Great for

  • Social life
  • Eco living
  • Work-from-home

Floor plans

$1,000 Gift Card!2 left! Available Now, one bed one bath apartment in Midtown neighborhood, price...1 bed1 bath558 sqft$1,439 /mo1 unit available
August 2027- Individual Leasing Available! 3 bed 3 bath apartment in Midtown. Priced per person. ...3 bed3 bath900 sqft$780 /mo1 unit available

Let's explore this property.

Amenities for 507 S Fourth

Apartment Amenities

Air ConditioningBalcony
FurnishedLiving Room Furniture
One Closet & Dresser SystemOne Desk Chair
Private BalconyRenovated
Three Double BedsThree Dressers & Closet Systems
TVWater

Appliances

DishwasherIn-Unit Laundry
MicrowaveRange
RefrigeratorStainless Steel Appliances
Washer and Dryer

Tech

Fiber InternetSmart TV

Building

Fitness CenterResidents Lounge
Sewer

Services

24 Hour Emergency MaintenanceRecycling
Trash Service

Neighborhood

Close to County Market

Other

Income Requirement Waived for UIUC StudentsLow Admin Fee or Security Deposit – You Choose!
One Double BedThree Desk Chairs
Utilities Included with One Monthly Fee
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

Units16

About 507 S Fourth

HomeApartments in Champaign 507 S Fourth

507 S Fourth cost $780–$1,439 per month. A couple amenities for this apartment building include but are not limited to: residents lounge and fitness center. Located at 507 S 4th St, Champaign, IL 61820, USA, 507 S Fourth has 1 — 3 bedroom units available. Based on the average rent price of 3 bedrooms in Champaign, renting an apartment at 507 S Fourth is 9% cheaper per month.Other apartment buildings in or around Champaign include but are not limited to: 520 N Neil St, 611 W. Healey St., 410 Ginger Bend Dr., 1901 N Lincoln 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.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, 507 S Fourth is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 507 S Fourth has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated 507 S Fourth
Price·9A 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.
507 S Fourth stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·10A 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.
507 S Fourth stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—in-unit laundry, furnished rental—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
507 S Fourth 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·6A 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.
While 507 S Fourth does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
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.
507 S Fourth 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.

507 S Fourth is great for:

Social life

  • 212 restaurants within 1 mile of this property
  • Areas nearby are accessible by walking
  • A bustling neighborhood
  • Diverse age groups live in this area

Eco living

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

Work-from-home

  • High speed internet is an amenity
  • Common areas for meetings or remote work
  • 2 internet service provider options nearby
  • Utilities included in the rent

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 507 S Fourth compares to other nearby properties.

Positives

Dishwasher
Dishwasher available in kitchen
Eco-friendly trash disposal
This property has recycling pickup
Fitness center
The gym is just a few steps away
Images Available
There are at least 10 photos of this property
Outdoor space
Easy access to the outdoors

Considerations

Distance from grocery stores
The nearest grocery store is 4.5 miles away
Greater distance from grade schools
The nearest elementary school is farther than 0.8 miles away

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Rent trends in Champaign

1-bedroom apartments here are priced 7% higher than 1-bedrooms in Champaign.

3-bedroom apartments at 507 S Fourth cost about 50% less than the average rent price for 3-bedroom apartments in Champaign.

Median rents as of Nov 7 2026.
Champaign
A table of studio rental data trends in Champaign
MonthMedian Rent
November 2024$892
December 2024$937
January 2025$947
February 2025$924
March 2025$934
April 2025$1,003
May 2025$984
June 2025$992
July 2025$916
August 2025$925
September 2025$1,009
October 2025$1,024
November 2025$1,091
December 2025$1,149
January 2026$997
February 2026$993
March 2026$1,195
April 2026$1,148
May 2026$963
June 2026$900
July 2026$933
August 2026$1,131
September 2026$1,257
October 2026$1,296
November 2026$1,255

Affordability calculator

Can I afford to live at 507 S 4th St?

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

$57,560/yr

With your selected rent-to-income ratio, you'd ideally want to make $57,560 annually to afford this 1-bedroom monthly rent price of $1,439.
For more information on rent affordability, visit our rent calculator.

Schools near 507 S Fourth

Washington Elementary School

606 e grove st

champaign, IL, 61820

K-5Public
B

Stratton Elementary School

902 n randolph st

champaign, IL, 61820

K-5Public
C+

South Side Elementary School

715 s new st

champaign, IL, 61820

K-5Public
B

Dr. Howard Elementary School

110 n james

champaign, IL, 61821

K-5Public
B+

Bottenfield Elementary School

1801 s prospect ave

champaign, IL, 61820

K-5Public
B+
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Getting around Champaign near 507 S 4th St

Walking

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

Driving

4/10
This area is accessible to thoroughfares and has ample parking options.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 507 S 4th St, Champaign

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

6/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

7/10
Variety of restaurants within walking distance

Primary schools

5/10
At least one elementary school within a 30-minute walk

High schools

8/10
At least one high school within a 20-minute walk

Nightlife

5/10
Some bars within walking distance

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