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506 W Elm Apartment for rent in Urbana, IL
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2 of 11 506 W Elm Apartment for rent in Urbana, IL
3 of 11 506 W Elm Apartment for rent in Urbana, IL
4 of 11 506 W Elm Apartment for rent in Urbana, IL
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Photos Floor Plans Amenities
Updated 1 hour ago

506 W Elm


Urbana, IL

1 - 3 Bed
1 Bath

600 - 866 Sq. Ft.

Available Now
1 Bed • 1 Bath
$1,005 / unit & room
866 ft2
1 Available
Managed By: Smile Brand
1-Bedroom Apartment on Upper Floors. Quiet Urbana Neighborhood near Campus! Text to tour (217) 4...
$1,005
Available Aug 19th, 2025
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2 Beds • 1 Bath
3D Tour
$365 - $440 / room
600 ft2
1 Available
Managed By: Campus Property Management
-
$365+ / room
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Available Now
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3 Beds • 1 Bath
$293 - $360 / room
819 ft2
1 Available
Managed By: Campus Property Management
-
$293+ / room
Available Now
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Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
90
Walker's Paradise
Transit Score®
60
Good Transit
Bike Score®
78
Very Bikeable
Amenities
On-site Laundry
Storage
Refrigerator
Garbage Disposal
Trash Removal Included
Public Transportation
Water Included
Microwave
Range / Oven
Smoke-free Community
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Parking
Garage - Attached
Lease & Fees
Security Deposit: $1,005
Property details
Description

1x1 Upper Floor Apartment! Quiet Urbana Neighborhood near Campus! Text to tour 217-402-7947 - 506 Elm features spacious and affordable upper-floor, 1-bedroom, 1-bathroom apartments in a cute neighborhood close to campus in Urbana! Located between campus and downtown Urbana, you can conveniently access classes, the Urbana Free Library, bus lines, and more!
The monthly utility and service fee of $95 covers internet, water, sewer, trash service, and recycling! While internet is provided, the unit does require a router to be provided by the tenant. Most upstairs units have a balcony!
Pets welcome!
See our Leasing FAQ!
Leased parking available!
Income Requirement Waived for UIUC Students!
Co-Signer Not Required for Qualified Applicants!
Low admin fee or security deposit equal to 1-month rent installment – you choose!
(RLNE7018286)

Additional Details
Total Unit Count: 11
Last Updated: Updated 1 hour ago
Contact Number: (217) 402-7947
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Comcast Corporation 987.0 35.0
AT&T Inc. 100.0 20.0
ViaSat, Inc. 100.0 3.0
Hughes Network Systems, LLC 25.0 3.0
AT&T Inc. 18.0 0.768
Data from June 2020 provided by the FCC
Photos Floor Plans Amenities
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 506 W Elm by bedroom type below.
1 Bedroom
Suggested income:
$36,200
per year
Rent report

506 W Elm Rent vs. Urbana Average

 506 W Elm      Urbana Average
1BR
$1,005
$829
$0
$350
$700
$1,050
$1,400

506 W Elm is asking 21% more than the average 1 bedroom apartment in Urbana.

If you upsized to an average priced Urbana 2 bedroom apartment, you would pay 27% more per month.

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

506 W Elm provides 54% more square footage than the average Urbana 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
506 W Elm
1BR $1,005 $1.20 $3,015
Urbana Average
Studio $821 $1.60 $2,463
1BR $829 $1.50 $2,487
2BR $1,128 $1.30 $3,384
3BR $1,220 $1.10 $3,659
4BR $1,601 $1.30 $4,802

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 135 2BR units on the market in Urbana. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
7% 19% 42% 11% 20%
Available Units in Urbana
Studio 23
1BR 59
2BR 135
3BR 34
4BR 64
Location
Nearby Colleges
Campus Buildings and Attractions
Distance Walking Biking Driving
Engineering Quadrangle 0.8 mi 15 min 6 min 3 min
Illini Union 0.8 mi 17 min 7 min 2 min
Campus Recreation Center 1.0 mi 19 min 8 min 3 min
Main Library 1.2 mi 23 min 8 min 3 min
Nearby Hospitals
Name Distance
The Carle Foundation Hospital 0.37 mi.
Osf Healthcare System Heart Of Mary Medical Center 0.82 mi.
The Pavilion Foundation 2.34 mi.
Nearby Fire Stations
Name Distance
Urbana Fire Department 0.51 mi.
Urbana Fire Department 1.2 mi.
Edge Scott Fire Protection District 1.2 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?
There are no units with move-in dates in the next 2 months. The next unit is available for move-in on August 19, 2025.
What's the square footage of the available units?
It's 866 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
Where is this property located?
This property is at 506 W Elm in Urbana, IL. It's 0.7 miles west from the center of Urbana.
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