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Wells offers strong overall value with an 8.5/10 expert rating, highlighted by top-tier pricing (10/10) and excellent value per square foot in the area. Residents can expect attractive hardwood floors throughout, a high location score (9/10) for convenience, and a robust amenities rating (8/10) that supports an elevated daily living experience. Quality and trustworthiness ratings of 7/10 further indicate reliable standards and transparent property information.
Things you’ll love
| Wells - 531 9 | 1 bed | 1 bath | 750 sqft | $625 /mo | NO GAS BILL! Heat is covered by owner. Nice one bedroom with beautiful hardwood floors throughout! Appliances included along with mini blinds throughout. Tenant responsible for the electricity. Owner pays gas heat, water, sewer & trash |
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| Units | 1 |
|---|
NO GAS BILL! Heat is covered by owner. Nice one bedroom with beautiful hardwood floors throughout! Appliances included along with mini blinds throughout. Tenant responsible for the electricity. Owner pays gas heat, water, sewer & trash
How Wells compares to other nearby properties.
Positives
Considerations
1-bedroom apartments at Wells cost about 4% less than the average rent price for 1-bedroom apartments in Summit.
| Month | Median Rent |
|---|---|
| April 2024 | $595 |
| May 2024 | $595 |
| June 2024 | $595 |
| July 2024 | $590 |
| August 2024 | $579 |
| September 2024 | $567 |
| October 2024 | $587 |
| November 2024 | $600 |
| December 2024 | $553 |
| January 2025 | $472 |
| February 2025 | $675 |
| March 2025 | $607 |
| April 2025 | $573 |
| May 2025 | $552 |
| June 2025 | $587 |
| July 2025 | $633 |
| August 2025 | $626 |
| September 2025 | $635 |
| October 2025 | $631 |
| November 2025 | $644 |
| December 2025 | $647 |
| January 2026 | $670 |
| February 2026 | $692 |
| March 2026 | $634 |
| April 2026 | $625 |
| Month | Median Rent |
|---|---|
| February 2026 | $650 |
| March 2026 | $650 |
Can I afford to live at 531 Wells Ave Nw?
Bedrooms
1 bedroomRent-to-income ratio
30%
$25,000/yr
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