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Updated 2 hours ago

500-510 E Michigan


Urbana, IL

2 Bed
•
1 Bath

992 Sq. Ft.

Available starting Jan. 1st
2 Beds • 1 Bath
$1,000
992 ft2
1 Available
Managed By: Community Property Management
500-506 E Michigan 2 bed/1.5 bath, Re-Rental
$1,000
Available Jan 1st, 2025
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3 Beds • 1 Bath
$849 - $875
985 ft2
0 Available
Managed By: Community Property Management
508 E Michigan Apt 13
$849
Rented
View
500-510 E Michigan
$875
Rented
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Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
41
Car-Dependent
Transit Score®
44
Some Transit
Bike Score®
74
Very Bikeable
Amenities
On-site Laundry
Air Conditioning
Storage
Disability Access
Refrigerator
Garbage Disposal
Trash Removal Included
Pool
Water Included
Close To Mtd Bus Transportation
On Site Office
Smoke-free Community
Court Yard
Barbecue
Playground
24-hour Maintenance
High-speed Internet
Central A / C
Freezer
Microwave
Range / Oven
Living Room
Fees & leasing info
Pets
No Pets Allowed
Parking
Garage - Attached
Off-street Parking
Lease & Fees
Application Fee:

$25

Security Deposit: $1,000
Property details
Description

508/510 E Michigan 3 bed/1 bath, Aug. 1st move in - Welcome home to Community Property Management, Urbana IL. We offer spacious floorplans that your budget will love, to our attentive and caring management staff. The apartments can be furnished or unfurnished, all electric, central air conditioning, a large balcony, wood burning fireplace, fiber optic for internet and laundry facility on site. Our community is only minutes away from the University of Illinois and close to the MTD Bus Transportation route. We have an out door swimming pool, grill and picnic area and a play ground area too.

No Pets Allowed

(RLNE7297076)

Additional Details
Total Unit Count: 108
Last Updated: Updated 2 hours ago
Contact Number: (217) 684-9497
Property manager information
Community Property Management
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Photos Floor Plans Amenities
About
500-510 E Michigan, managed by Community Property Management, offers beautiful and spacious apartments in Urbana, IL. Conveniently located just minutes away from the University of Illinois, this property is nestled in a lovely residential neighborhood.

These well-maintained apartments feature 2 and 3 bedroom floor plans, offering a variety of options to suit different needs. The units range from 838 to 992 square feet, providing ample space for comfortable living. Inside the apartments, residents can enjoy amenities such as central air conditioning, a cozy fireplace, and a private balcony to relax and enjoy the outdoors.

One of the standout features of 500-510 E Michigan is the in-unit washer and dryer, allowing residents to conveniently take care of their laundry without leaving their apartment. Additionally, all units come with internet access, water, and trash included in the rent, providing a hassle-free living experience.

The property boasts a beautiful open courtyard with a gazebo, a sparkling pool, a grill, and a playground, creating a welcoming space for residents to unwind and enjoy outdoor activities. On-site laundry facilities are also available for those who prefer communal facilities.

For added convenience and peace of mind, the property offers storage options and disability access. Renters can take advantage of the close proximity to the university and enjoy a comfortable living experience in this charming residential neighborhood.

Please note that there are restrictions on pets, as they are not allowed at this property. To make moving in even more affordable, there is currently a promotion offering a $198 security deposit.
Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 500-510 E Michigan by bedroom type below.
2 Bedroom
Suggested income:
$36,000
per year
Rent report

500-510 E Michigan Rent vs. Urbana Average

 500-510 E Michigan      Urbana Average
2BR
$1,000
$1,129
$0
$400
$800
$1,200
$1,600

500-510 E Michigan is asking 11% less than the average 2 bedroom apartment in Urbana.

If you upsized to an average priced Urbana 3 bedroom apartment, you would pay 11% more per month.

If you downsized to an average priced Urbana 1 bedroom apartment, you would pay 41% less per month.

500-510 E Michigan provides 17% more square footage than the average Urbana 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
500-510 E Michigan
2BR $1,000 $1.00 $3,000
Urbana Average
Studio $755 $1.30 $2,265
1BR $801 $1.40 $2,404
2BR $1,129 $1.30 $3,386
3BR $1,268 $1.40 $3,805
4BR $1,672 $1.40 $5,017

Availability in Urbana

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 89 2BR units on the market in Urbana. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
6% 21% 34% 12% 26%
Available Units in Urbana
Studio 16
1BR 54
2BR 89
3BR 32
4BR 69
Location
Nearby Colleges
Campus Buildings and Attractions
Distance Walking Biking Driving
Campus Recreation Center 1.4 mi 26 min 9 min 4 min
Main Library 1.6 mi 32 min 10 min 5 min
Illini Union 1.8 mi 36 min 13 min 6 min
Engineering Quadrangle 2.0 mi 39 min 13 min 6 min
Nearby Hospitals
Name Distance
The Carle Foundation Hospital 1.25 mi.
Osf Healthcare System Heart Of Mary Medical Center 1.75 mi.
The Pavilion Foundation 3.17 mi.
Nearby Fire Stations
Name Distance
Urbana Fire Department 0.56 mi.
Harmon Fire Department 1.08 mi.
Edge Scott Fire Protection District 1.45 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in on January 01, 2025.
What's the square footage of the available units?
It's 992 square feet.
Does this property allow cats or dogs?
Pets are not allowed at this property.
How many bedrooms are in the available units?
There are 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
500-510 E Michigan has a 2 bedroom unit starting at $1,000.
Where is this property located?
This property is at 500-510 E Michigan in Urbana, IL. It's 0.5 miles south from the center of Urbana.
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