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507 S Fourth

Champaign, IL 61820 - Champaign County

Apartment

1 beds

1 baths

558 sqft

About 507 S Fourth

Welcome to 507 S Fourth, presented by Smile Fairlawn Student Living. We have several units available for lease. For more information and to schedule a showing, please contact us. 500 Feet, Range, Refrigerator, Microwave, Dishwasher, Water, Sewer, Trash Service, Recycling, Internet, Electricity - $60 cap, Living Room Furniture, Dining Furniture, 1 Double Bed, 1 Closet/Dresser System, 1 Desk Chair, 1 Desk, In-Unit Washer/Dryer, TV & 24-Hour Emergency Maintenance.

RentalSource last checked: June 7, 2026 · 5:50 AM ET

Last updated: December 20, 2025 at 3:52 PM ET

Managed by: Smile Fairlawn Student Living · (217) 687-1988 · Appfolio

Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type:	Apartment
Rental Fee:	$1,439
Bedrooms:	1 beds
Bathrooms:	1 baths

Size:	558 sqft
Pet Friendly:	No
Listing Status:	Active
ID:	82247283

Property Amenities

• Cable/Satellite TV

• Dishwasher

• High-Speed Internet

• Microwave

• Refrigerator

• Washer/Dryer In Unit

• Walk-in Closets

Additional Details

Apartment for rent in Champaign for $1,439 with 1 bed, 1 bath, 558 sqft and located at 507 S Fourth in Champaign, IL 61820. The rental price of $1,439 is 15.4% ($192) higher than the average rent of $1,247 for a 1 bedroom apartment in Champaign, IL. This apartment is in the University of Ill Lab School District and the nearest schools are M L King Jr Elementary School, Edison Middle School and Central High School. 507 S Fourth was advertised by Smile Fairlawn Student Living 6+ months ago, last updated on December 20, 2025 at 3:52 PM ET and last checked today at 5:50 AM ET.

Affordability Calculator

Can I afford to live at 507 S Fourth?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

10% Recommended 50%

Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.

Recommended income

$57,560 /year

With your chosen rent-to-income ratio, an annual income of $57,560 is recommended to comfortably afford this 1-bedroom rental priced at $1,439 per month.

For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.

Apartment for rent

$1,439

Rent Affordability Calculator

Interested in 507 S Fourth?

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Property managed by:

Smile Fairlawn Student Living
(217) 687-1988

Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.