Zumper
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2 Days Ago

Highlights

  • Pet Friendly
  • Modern living
  • Comfortable environment
  • Unique living experience
  • Professionals
  • Flexible floor plans

Location

500 N Montgomery Ave, Sheffield, AL 35660, USA
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Tour Park Place Apartments

Contact

Management

Wind River Property Management LLC

Leasing office

(855) 408-3678

Property Overview

Park Place Apartments offers a modern, comfortable environment with flexible floor plans that create a unique living experience, particularly appealing to professionals and pet owners. With an expert rating of 8.5/10 and top-tier scores for amenities, location, price, and trustworthiness, it delivers strong overall value. Renters also benefit from exceptional value per square foot, ample photos for previewing the property, and convenient access to nearby pet services.

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.

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, Park Place Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Park Place Apartments has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • Dishwasher
  • Images Available

Great for

  • Pet owners

Floor plans

Deluxe StudioStudio1 bath518 sqft$700 /mo3 units available
1 Bed, 1 Bath1 bed1 bath508 sqft$725 /mo2 units available
2 Bed, 2 Bath2 bed2 bath613 sqft$850 /mo2 units available
Deluxe 2 Bed, 2 Bath2 bed2 bath750 sqft$1,000 /mo2 units available

Let's explore this property.

Amenities for Park Place Apartments

Apartment Amenities

Air ConditioningFully Remodeled

Appliances

Central Air and Heat

Building

Cats OKDogs OK
Key Fob Access
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

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units112
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About Park Place Apartments

HomeApartments in Sheffield Park Place Apartments

Welcome to the Historic Park Place Apartments Discover the perfect blend of charm, convenience, and affordability at the Park Place Apartments, located in the heart of Sheffield, Alabama. Steeped in history and designed with modern living in mind, Park Place offers a unique living experience for students, professionals, and families. Situated just 10 minutes from the University of North Alabama and 7 minutes from Northwest Shoals Community College, our location is ideal for students seeking off-campus housing or anyone looking to enjoy the vibrant Sheffield community. With easy access to local dining, shopping, and entertainment, everything you need is just minutes away. A Community That Feels Like Home Beyond the modern features and convenient location, Park Place Apartments offers a sense of community. Whether you're studying for exams, working remotely, or simply enjoying a quiet evening at home, our apartments provide a comfortable and welcoming environment. Your New Home Awaits Join our community today and experience the best of Sheffield living at Park Place Apartments. With flexible floor plans, affordable pricing, and unmatched convenience, there's no better place to call home.


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.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, Park Place Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Park Place Apartments has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated Park Place Apartments
Price·9A 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.
Park Place Apartments stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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.
Park Place Apartments 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—pets allowed—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.
Park Place Apartments 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 Park Place Apartments 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.

Park Place Apartments is great for:

Pet owners

  • 1 pet grooming service nearby
  • 1 pet supply store near the property

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 Park Place Apartments compares to other nearby properties.

Positives

More space
The 2-bedroom is 617 sqft larger than other listings nearby
Dishwasher
Dishwasher available in kitchen
Images Available
There are at least 10 photos of this address

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Rent trends in Sheffield

Studio apartments at Park Place Apartments cost about 19% more than the average rent price for studios in Sheffield.

1-bedroom apartments here are priced about the same as 1-bedrooms in Sheffield.

If you decide to upgrade your space, you can expect 2-bedrooms at Park Place Apartments to be 7% less than the average for similarly sized apartments in Sheffield.

Median rents as of May 16 2026.
Sheffield
A table of studio rental data trends in Sheffield
MonthMedian Rent
July 2024$675
June 2025$675
July 2025$675
August 2025$675
September 2025$675
October 2025$625
November 2025$625
April 2026$588
May 2026$588

Affordability calculator

Can I afford to live at 500 N Montgomery 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

$28,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $28,000 annually to afford this studio monthly rent price of $700.
For more information on rent affordability, visit our rent calculator.

Schools near Park Place Apartments

Threadgill Primary School

900 annapolis ave

sheffield, AL, 35660

PK, K-2Public
B+

L. E. Willson Elementary School

2200 31st st

sheffield, AL, 35660

3-6Public
B-
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Internet available near Park Place Apartments

Neighborhood

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

Getting around Sheffield near 500 N Montgomery 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

4/10
This is semi-bikeable, but you’ll need another way of getting around.

Points of interest for 500 N Montgomery Ave, Sheffield

Groceries

9/10
At least one supermarket within a 10-minute walk

Shopping

5/10
Several shops within walking distance

Cafes

1/10
Few or no cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

6/10
At least one high school within a 20-minute walk

Nightlife

4/10
Some bars within walking distance

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