Zumper
modified
5+ Days Ago

Location

500 Industrial Ave, Grinnell, IA 50112, USA
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Contact

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Management

Weigand-Omega Management, Inc.

Our team has verified this company

Leasing office

(319) 305-3753

Property Overview

The South Lake property shines with a remarkable Zumper Expert Rating of 9.8 out of 10, highlighting its excellence in overall quality and trustworthiness. It features a competitive price rating of 10 and an impressive amenities rating of 9, ensuring a strong balance of value for renters. Additionally, its top-notch location offers easy access to shopping and schools, enhancing the living experience with notable nearby conveniences.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

9.8
Excellent
Earning an outstanding 9.8 out of 10 overall rating, South Lake is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Price and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.

Things you’ll love

  • Less expensive
  • Middle school nearby
  • Images Available

Floor plans

1B1B30%1 bed1 bath649 sqft$395 /mo
1B1B30%1 bed1 bath649 sqft$395–$825 /mo
1B1B30%1 bed1 bath649 sqft$575 /mo
1B1B30%1 bed1 bath649 sqft$761 /mo1 unit available
1B1B30%1 bed1 bath649 sqft$825 /mo
2B1B30%2 bed1 bath800 sqft$470 /mo
2B1B30%2 bed1 bath800 sqft$470–$925 /mo
2B1B30%2 bed1 bath800 sqft$686 /mo
2B1B30%2 bed1 bath800 sqft$867 /mo1 unit available
2B1B30%2 bed1 bath800 sqft$925 /mo
3B2B30%3 bed2 bath1,000 sqft$536 /mo1 unit available
3B2B30%3 bed2 bath1,000 sqft$536–$999 /mo
3B2B30%3 bed2 bath1,000 sqft$785 /mo1 unit available
3B2B30%3 bed2 bath1,000 sqft$999 /mo1 unit available

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Amenities for South Lake

Apartment Amenities

FreezerOpen Kitchen with Breakfast Bar

Appliances

RefrigeratorStove

Building

ClubhouseCommunity Room
Fitness Center

Grounds

Pet-Friendly CommunityPlayground

Services

Water, Sewer and Trash Included
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

Units48
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About South Lake

Managed by Weigand-Omega Management, Inc.
Weigand-Omega Management, Inc. 1 of 4Weigand-Omega Management, Inc. 2 of 4Weigand-Omega Management, Inc. 3 of 4Weigand-Omega Management, Inc. 4 of 4
HomeApartments in Grinnell South Lake

Make Yourself At Home We don't just rent apartments. From the moment you walk through the front door you'll feel the comfort that makes our residents happy to call us home. Cutting edge amenities, meticulously-groomed grounds, and a dedicated staff contributes to a higher standard of living. Convenient shopping, award-winning schools, local museums and parks are all close at hand, with sponsored activities to develop new hobbies while getting to know your neighbors.


Go to property website

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.
9.8
/10
Excellent
Earning an outstanding 9.8 out of 10 overall rating, South Lake is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Price and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.
How we rated South Lake
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.
South Lake 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.
South Lake goes above and beyond to provide sought-after conveniences and desirable perks, including clubhouse. Renters looking for popular or luxurious features will find them here—and for that reason, South Lake receives one of the highest amenities scores.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
South Lake offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A 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.
South Lake has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at South Lake.
Trustworthiness·10A 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.
South Lake sets a high bar for up-to-date information, transparency, and thoroughness in marketing and communication. It's verified, offers multiple lifestyle photos, and provides detailed information about its features and attributes. The clarity it provides sets it apart from other rentals, making South Lake a trustworthy choice for potential residents.

Reviews from the web

Showing 4 highest rated

Great place to live

Barbara Cooper

Barbara Cooper

Oct 02, 2024

The Reserves have been a great place to live, such a great community and location. The staff are amazing as well, the manager Cammie made moving in and out a breeze and was always quick to help. Would rent here again.

RWA

RWA

Nov 22, 2024

We’re sharing just 4 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.

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 South Lake compares to other nearby properties.

Positives

Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Less expensive
The 3-bedrooms are cheaper than other similar listings nearby
Middle school nearby
There is a middle school 1 mile away
Images Available
There are at least 10 photos of this address

Considerations

No in-unit dishwasher
Dishwashers aren't available
No laundry facilities available
This property doesn't offer on-site or in-unit washers and dryers

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Managed by Weigand-Omega Management, Inc.

Weigand-Omega Management, Inc.

Weigand-Omega Management is a family company that was founded in 1976 by Bob Hanson (CEO) with a simple idea, “there has to be a better way to do property management.” He has devoted his life to build Weigand-Omega Management into the thriving business it is today, and that legacy continues to grow with his visionary son Craig Hanson (President) at the helm.

Rent trends in Grinnell

1-bedroom apartments here are priced 20% lower than 1-bedrooms in Grinnell.

If you decide to upgrade your space, you can expect 2-bedrooms at South Lake to be 19% less than the average for similarly sized apartments in Grinnell.

3-bedroom apartments at South Lake cost about 22% less than the average rent price for 3-bedroom apartments in Grinnell.

Median rents as of Dec 6 2025.
Grinnell
A table of 1-bedroom apartment rental data trends in Grinnell
MonthMedian Rent
December 2023$562
January 2024$562
February 2024$636
March 2024$606
April 2024$543
May 2024$562
June 2024$502
July 2024$487
August 2024$487
September 2024$524
October 2024$562
November 2024$562
December 2024$562
January 2025$634
February 2025$590
March 2025$575
April 2025$575
May 2025$649
June 2025$793
July 2025$761
August 2025$575
September 2025$575
October 2025$575
November 2025$755
December 2025$793

Affordability calculator

Can I afford to live at 500 Industrial 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

$23,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $23,000 annually to afford this 1-bedroom median monthly rent price of $575.
For more information on rent affordability, visit our rent calculator.

Schools near South Lake

Davis Elementary School

818 hamilton ave

grinnell, IA, 50112

3-4Public
A-

Bailey Park Elementary School

210 8th ave

grinnell, IA, 50112

K-2Public
B+

Fairview Elementary School

1310 hobart st

grinnell, IA, 50112

PK, K-2Public
B
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Internet available near South Lake

Getting around Grinnell near 500 Industrial Ave

Walking

3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

2/10
This is semi-bikeable, but you’ll need another way of getting around.

Points of interest for 500 Industrial Ave, Grinnell

Groceries

6/10
At least one supermarket within a 15-minute walk

Shopping

2/10
Few or no shops within walking distance

Cafes

1/10
Few or no cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

3/10
At least one elementary school within a 30-minute walk

High schools

3/10
At least one high school within a 30-minute walk

Nightlife

1/10
Few or no bars within walking distance

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