Örs vezér tere is the eastern terminus of the M2 (East-West) line of the Budapest Metro. It is also the starting place of the Gödöllő HÉV (Hungarian suburban rail).
There are two shopping centers (Árkád, Sugár), an IKEA, and a tram-stop (Tram 3, 62, 62A). In addition, several bus (31, 32, 44, 45, 67, 85, 85E, 97E, 100, 131, 144, 161, 161A, 168E, 169E, 174, 176E, 231, 244, 261E, 276E, 277) and trolley bus (80, 81, 82) routes stop here. It is the largest meeting-point in East-Pest. Next to the station, there is a huge housing estate with concrete block of flats (Füredi microraion). Hungarian people usually call this station (and square) Örs.
Örs vezér tere literally means "Square of Örs leader", Örs was an ancient Hungarian leader. Örs is also a Hungarian given name for boys, which means "men" or "hero".