Updated 4 Minutes Ago
Location
500 E Michigan Ave, Urbana, IL 61801, USA
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Property Overview
090-500-510 E Michigan stands out with a strong overall Zumper Expert Rating of 8.8, combining top marks for price and amenities, plus a strong location score. It is also noted for value per square foot, nearby transit and everyday conveniences, and is especially appealing for work-from-home and social life thanks to high-speed internet, quiet surroundings, and on-site shared spaces.
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
More space- Middle school nearby
- Elementary school nearby
Great for
Work-from-home
Social life
Wellness
Floor plans
| 1 Bedroom Apartments for Rent in Urbana, IL | Near U of I | 1 bed | 1 bath | 652 sqft | $950 /mo | 1 unit available | ||
| 2 Bedroom, 1 bath Apartments for Rent in Urbana, IL | Near U of I | 2 bed | 1 bath | 838 sqft | $1,050 /mo | 1 unit available | ||
| 2 Bedroom, 1.5 Bath Apartments for Rent in Urbana, IL | Near U of I | 2 bed | 1.5 bath | 992 sqft | $1,200 /mo | 1 unit available | ||
| 3 Bedroom, 1 bath Apartments for Rent in Urbana, IL | Near U of I | 3 bed | 1 bath | 985 sqft | $1,125 /mo | 1 unit available |
Let's explore this property.
Amenities for 090-500-510 E Michigan
Apartment Amenities
| Air Conditioning | Trash |
| Water Included |
Appliances
| Central A/C | Dishwasher |
| Electric Range | Electric Stove |
| Garbage Disposal | In-Unit Laundry |
| Range | Refrigerator |
| Washer/Dryer Unit |
Tech
| Fiber Internet |
Building
| Onsite Office |
Grounds
| Courtyard | Grill Area |
| Outdoor Swimming Pool | Outside Grill |
| Playground | Swimming Pool |
Services
| On-Site Maintenance |
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
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 108 |
|---|
About 090-500-510 E Michigan
090-500-510 E Michigan cost $950–$1,200 per month. Located at 500 E Michigan Ave, Urbana, IL 61801, USA, 090-500-510 E Michigan has 1 — 3 bedroom units available. Based on the average rent price of 3 bedrooms in Urbana, renting an apartment at 090-500-510 E Michigan is 22% cheaper per month.Other apartment buildings in or around Urbana include but are not limited to: 109 W Church St, 2402 High View Ct, 402 S Race St, Pomona Dr
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.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, 090-500-510 E Michigan is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 090-500-510 E Michigan has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
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.
090-500-510 E Michigan 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·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.
090-500-510 E Michigan 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—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.
090-500-510 E Michigan 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 090-500-510 E Michigan does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
090-500-510 E Michigan 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 090-500-510 E Michigan compares to other nearby properties.
Positives
- More space
- The 1-bedroom is 334 sqft larger than other listings nearby
- Middle school nearby
- There is a middle school 0.2 miles away
- Elementary school nearby
- There is an elementary school 0.2 miles away
- More space
- The 2-bedroom is 89 sqft larger than other listings nearby
- Dishwasher
- Dishwasher available in kitchen
- Eco-friendly trash disposal
- This property has recycling pickup
- Images Available
- There are at least 10 photos of this property
- Laundry available on site
- Washers and dryers are available in-building
- Outdoor space
- Easy access to the outdoors
- Pool
- Enhanced community features
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Rent trends in Urbana
1-bedroom apartments here are priced 1% higher than 1-bedrooms in Urbana.
If you decide to upgrade your space, you can expect 2-bedrooms at 090-500-510 E Michigan to be 2% less than the average for similarly sized apartments in Urbana.
3-bedroom apartments at 090-500-510 E Michigan cost about 27% less than the average rent price for 3-bedroom apartments in Urbana.
Median rents as of Oct 31 2026.
Urbana
| Month | Median Rent |
|---|---|
| November 2024 | $772 |
| December 2024 | $872 |
| January 2025 | $809 |
| February 2025 | $793 |
| March 2025 | $769 |
| April 2025 | $784 |
| May 2025 | $803 |
| June 2025 | $843 |
| July 2025 | $739 |
| August 2025 | $766 |
| October 2025 | $907 |
| November 2025 | $864 |
| December 2025 | $807 |
| January 2026 | $830 |
| February 2026 | $831 |
| March 2026 | $856 |
| April 2026 | $870 |
| May 2026 | $847 |
| June 2026 | $845 |
| July 2026 | $926 |
| August 2026 | $900 |
| September 2026 | $879 |
| October 2026 | $810 |
Affordability calculator
Can I afford to live at 500 E Michigan Ave?
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
$38,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $38,000 annually to afford this 1-bedroom monthly rent price of $950.
For more information on rent affordability, visit our rent calculator.
Schools near 090-500-510 E Michigan
Wiley Elementary School
1602 s anderson st
urbana, IL, 61801
K-5Public
C
Urbana Early Childhood Center
2202 e washington st
urbana, IL, 61802
PKPublic
Thomasboro Grade School
201 n phillips st
thomasboro, IL, 61878
PK, K-8Public
C-
Gifford Grade School
po box 70
gifford, IL, 61847
K-8Public
B
Neighborhood
Getting around Urbana near 500 E Michigan Ave
Walking
5/10
Some shops and stores are within a few minutes.
Driving
6/10
This area is close to freeways and has adequate parking options.
Transit
4/10
Frequent public transit options are within walking distance.
Points of interest for 500 E Michigan Ave, Urbana
Groceries
5/10
At least one grocery store within a 30-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
3/10
Few or no 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
9/10
At least one high school within a 5-minute walk
Nightlife
2/10
Few or no bars within walking distance
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