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Updated 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

South Lake earns a strong Zumper Expert Rating of 9.2, with especially high marks for location, quality, and trustworthiness, plus solid value and amenities. Pros include 18 photos and strong value for money, while its convenient shopping and overall appeal make it a well-rounded option for renters.

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

8.6
Very Good
With a solid 8.6 out of 10 overall, South Lake is a great option for renters. While some aspects, like Price, might not be as distinguished as other properties nearby, South Lake has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Eco-friendly trash disposal
  • Fitness center
  • Images Available

Floor plans

1B1B30%1 bed1 bath649 sqft$395–$825 /mo
1B1B30%1 bed1 bath649 sqft$395 /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–$925 /mo
2B1B30%2 bed1 bath800 sqft$470 /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

Let's explore this property.

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

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.
8.6
/10
Very Good
With a solid 8.6 out of 10 overall, South Lake is a great option for renters. While some aspects, like Price, might not be as distinguished as other properties nearby, South Lake has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.
How we rated South Lake
Price·6A 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 is priced lower than the median price per bedroom for the area. While it may be more affordable, there may also be trade-offs in terms of amenities or quality compared to similar listings nearby. It caters to those seeking cost savings, albeit with some compromises.
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

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

Considerations

No in-unit dishwasher
Dishwashers aren't available

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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 41% lower than 1-bedrooms in Grinnell.

If you decide to upgrade your space, you can expect 2-bedrooms at South Lake to be 20% less than the average for similarly sized apartments in Grinnell.

3-bedroom apartments at South Lake cost about 24% less than the average rent price for 3-bedroom apartments in Grinnell.

Median rents as of Oct 31 2026.
Grinnell
A table of studio rental data trends in Grinnell
MonthMedian Rent
September 2026$1,250
October 2026$1,250

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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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

Explore the area around 500 Industrial Ave

Walmart Supercenter
415 Industrial Ave
Hy-Vee
320 West St S
Fareway
727 West St
McNally's SUPERVALU Foods
1026 Main St

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