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Home / Champaign, IL Area Apartments / Urbana / 506 W Elm
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Photos Floor Plans Amenities
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Updated 1 hour ago

506 W Elm


Urbana, IL

2 - 3 Bed
•
1 Bath

600 - 866 Sq. Ft.

Available Now
Floor plans
1 Bed • 1 Bath
$730
Size: N/A
0 Available
Managed By: Smile Brand
1 x 1 (really a 2x1) - First Floor
$730
Rented
View
1 Bed • 1 Bath
$875 / room & unit
819 ft2
0 Available
Managed By: Smile Brand
506 W Elm
$875 / room
Rented
View
1 x 1 (really a 3x1) First floor
$875
Rented
View
1 Bed • 1 Bath
$975 - $1,005 / room & unit
866 ft2
0 Available
Managed By: Smile Brand
506 W Elm
$975 / room
Rented
View
1x1 Upper Floor Apartment! Quiet Urbana Neighborhood near Campus! Text to tour 217-402-7947
$975
Rented
View
1-Bedroom Apartment on Upper Floors. Quiet Urbana Neighborhood near Campus! Text to tour (217) 4...
$1,005
Rented
View
2 Beds • 1 Bath
$430
600 ft2
1 Available
Managed By: Smile Brand
August 2027! Two-bedroom one-bathroom apartment in Gradland! Text to tour (217) 402-7947
$430
Available Aug 17th, 2027
View
View Rented Units
2 Beds • 1 Bath
3D Tour
$365 - $440 / room
600 ft2
1 Available
Managed By: Campus Property Management
-
$365+ / room
3D Tour
Available Now
View
3 Beds • 1 Bath
$375
819 ft2
1 Available
Managed By: Smile Brand
August 2027! Three-bedroom one-bathroom apartment in Gradland! Text to tour (217) 402-7947
$375
Available Aug 17th, 2027
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3 Beds • 1 Bath
$293 - $360 / room
819 ft2
1 Available
Managed By: Campus Property Management
-
$293+ / room
Available Now
View
Where you'll live
Street View
Map View
Satellite View
506 W Elm
506 W Elm
506 W Elm
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:

375 - 430

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
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Photos Floor Plans Amenities
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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.
2 Bedroom
Suggested income:
$15,500
per year
3 Bedroom
Suggested income:
$13,500
per year
Rent report

506 W Elm Rent vs. Urbana Average

 506 W Elm      Urbana Average
2BR
$430
$1,134
$0
$400
$800
$1,200
$1,600
3BR
$375
$1,294
$0
$450
$900
$1,350
$1,800

506 W Elm is asking 62% less than the average 2 bedroom apartment in Urbana.

If you upsized to an average priced Urbana 3 bedroom apartment, you would pay 12% more per month.

If you downsized to an average priced Urbana 1 bedroom apartment, you would pay 28% less per month.

506 W Elm provides 31% less square footage than the average Urbana 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
506 W Elm
2BR $430 $0.70 $1,290
3BR $375 $0.50 $1,125
Urbana Average
Studio $919 $1.70 $2,758
1BR $883 $1.60 $2,648
2BR $1,134 $1.30 $3,402
3BR $1,294 $1.00 $3,881
4BR $1,580 $1.20 $4,741

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 99 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% 20% 39% 15% 19%
Available Units in Urbana
Studio 15
1BR 52
2BR 99
3BR 38
4BR 48
Location
Nearby Colleges

University of Illinois at Urbana-Champaign

Parkland College

FAQs
Is this property currently leasing units?
Yes. There are 2 available units 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 17, 2027.
What's the square footage of the available units?
The available units range from 600 to 819 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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