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Location

1005 E Colorado Ave, Urbana, IL 61801, USA
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Management

Ramshaw Real Estate

Our team has verified this company

Leasing office

(309) 259-1665

Property Overview

1005 E Colorado offers strong value for the price, with a high expert rating, excellent location, and standout overall quality. It is also noted for its amenities, trustworthiness, and professional leasing staff, making it a well-rounded option for renters seeking convenience and a clear, reliable property description.

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

8.9
Very Good
With a solid 8.9 out of 10 overall, 1005 E Colorado is a great option for renters. While some aspects, like Amenities, might not be as distinguished as other properties nearby, 1005 E Colorado 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

  • Less expensive

Floor plans

AVAILABLE FOR FALL 2026!1 bed1 bath$650 /mo1 unit available

Let's explore this property.

Policies and fees

Applicants

Applicants

One-time.

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REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units20
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About 1005 E Colorado

HomeApartments in Urbana 1005 E Colorado

1005 E. Colorado offers a blend of comfort and style. This property is situated on E. Colorado Ave in the 61801 area of Urbana. From pricing to features, the professional leasing staff is available to help you find your new home. Stop by the leasing office to learn more about our community.


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.
8.9
/10
Very Good
With a solid 8.9 out of 10 overall, 1005 E Colorado is a great option for renters. While some aspects, like Amenities, might not be as distinguished as other properties nearby, 1005 E Colorado 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 1005 E Colorado
Price·8A 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.
Scoring a 8/10, 1005 E Colorado is a great option for renters looking for apartments in this neighborhood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·8A 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.
With multiple in-demand amenities, 1005 E Colorado is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
1005 E Colorado 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.
1005 E Colorado 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 1005 E Colorado.
Trustworthiness·9A 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.
1005 E Colorado has gone above and beyond to craft a useful, detailed description, demonstrating transparency and trustworthiness, and giving renters a clear picture of what to expect from the property and its management, so they can make an informed decision about whether the rental meets their needs.

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 1005 E Colorado compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away

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Rent trends in Urbana

1-bedroom apartments at 1005 E Colorado cost about 28% less than the average rent price for 1-bedroom apartments in Urbana.

Median rents as of Jul 4 2026.
Urbana
A table of studio rental data trends in Urbana
MonthMedian Rent
July 2024$703
August 2024$801
September 2024$828
October 2024$783
November 2024$755
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$845

Affordability calculator

Can I afford to live at 1005 E Colorado Ave?

Bedrooms

1 bedroom

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

$26,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $26,000 annually to afford this 1-bedroom monthly rent price of $650.
For more information on rent affordability, visit our rent calculator.

Schools near 1005 E Colorado

Yankee Ridge Elementary School

2102 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
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Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Urbana near 1005 E Colorado 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.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 1005 E Colorado Ave, Urbana

Groceries

3/10
At least one grocery store within a 30-minute walk

Shopping

4/10
Some shops within walking distance

Cafes

2/10
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 10-minute walk

High schools

3/10
No high schools within a 30-minute walk

Nightlife

2/10
Few or no bars within walking distance

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