5+ Days Ago
Highlights
- - laundry room
- - extra storage space
- Covered front porch
- Bright kitchen
- - covered front porch
Location
510 W 5th St, Anderson, IN 46016, USA
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Property Overview
Laundry room, extra storage space, and a bright kitchen offer practical everyday convenience, while a covered front porch adds appealing outdoor living potential. Strong value indicators—around the 70th percentile for overall value for money and 80th percentile for value per square foot—suggest competitive pricing relative to the area. A robust set of 48 photos provides a clear visual understanding of layout, finishes, and condition before visiting in person.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Images Available
- Laundry available on site
Great for
Pet owners
Amenities for 510 W 5th St
Features
| Electric Heating | Forced Air |
| Hardwood Floor | Window Units |
Community
| Basement | Onsite Laundry |
Grounds
| Outdoor Space | Storage |
Services
| Concierge Service | Package Service |
Other
| Exterior Type: Aluminum Siding | Five Rooms |
| Multi Units |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
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About 510 W 5th St
Property Status: Active The exciting green exterior and covered front porch invite you in to this clean and updated 2 story home. Inside you will find 3 bedrooms, 1.5 bathrooms, and a laundry room on the main level with lots of cabinetry for extra storage space. The bright kitchen comes equipped with appliances. Nice backyard plus a mini barn included for your convenience. Treat yourself and move in right away! All residents will be enrolled in a Resident Benefits Package (RBP) and these packages range from $45 - $55 per month and include benefits such as liability insurance, credit building to help boost the resident's credit score with timely rent payments, up to $1M Identity Theft Protection, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, on-demand pest control, and much more! More details upon application. Office Phone: (317) 842-3400 Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 510 W 5th St compares to other nearby properties.
Positives
- More space
- The 3-bedroom is 396 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
- Outdoor space
- Easy access to the outdoors
- Package service
- More secure storage for delivery
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 2 miles away
- Greater distance from high schools
- The nearest high school is farther than 3 miles away
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
Address details
| Zip code | 46016 |
|---|---|
| Type | House for rent |
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Rent trends in Anderson
3-bedroom apartments at 510 W 5th St cost about 15% less than the average rent price for 3-bedroom apartments in Anderson.
Median rents as of Apr 18 2026.
Anderson
| Month | Median Rent |
|---|---|
| May 2024 | $1,218 |
| June 2024 | $1,175 |
| July 2024 | $1,156 |
| August 2024 | $1,110 |
| September 2024 | $1,175 |
| October 2024 | $1,208 |
| November 2024 | $1,183 |
| December 2024 | $1,174 |
| January 2025 | $1,121 |
| February 2025 | $1,167 |
| March 2025 | $1,181 |
| April 2025 | $1,213 |
| May 2025 | $1,211 |
| June 2025 | $1,242 |
| July 2025 | $1,200 |
| August 2025 | $1,191 |
| September 2025 | $1,192 |
| October 2025 | $1,126 |
| November 2025 | $1,138 |
| December 2025 | $1,172 |
| January 2026 | $1,193 |
| February 2026 | $1,172 |
| March 2026 | $1,184 |
| April 2026 | $1,200 |
Affordability calculator
Can I afford to live at 510 W 5th St?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$41,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $41,000 annually to afford this 3-bedrooms monthly rent price of $1,025.
For more information on rent affordability, visit our rent calculator.
Schools near 510 W 5th St
Eastside Elementary School
844 n scatterfield rd
anderson, IN, 46012
K-4Public
C+
Southview Preschool Center
4500 main st
anderson, IN, 46013
PKPublic
Southeastern Elementary School
12500 cyntheanne rd
fishers, IN, 46037
PK, K-4Public
A
Burris Laboratory School
2000 university ave
muncie, IN, 47306
K-12Public
A-
Mt Vernon Early Learning Academy
1806 w sr 234
fortville, IN, 46040
PKPublic
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Internet available near 510 W 5th St
Getting around Anderson near 510 W 5th St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
6/10
This area is close to freeways and has adequate parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Points of interest for 510 W 5th St, Anderson
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
4/10
Some restaurants within a few minutes’ walk
Primary schools
4/10
At least one elementary school within a 20-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Nightlife
3/10
Some bars within walking distance
Explore the area around 510 W 5th St
Harvest Supermarkets Inc
915 Jackson St
Strong's Market
1909 W 8th St
Pay Less Super Markets
3050 Meridian St
Harvest Supermarket
806 S Scatterfield Rd
Pay Less Super Markets
1845 N Scatterfield Rd
Dee & Nicki's Boutique
123 W 8th St
Family Dollar
205 E 14th St
Ghost House Gear LLC
1710 Ohio Ave
Triple M Shoes
934 S Scatterfield Rd
Family Dollar
2747 Nichol Ave
Jackrabbit Coffee
525 W 11th St
Dapper Cat Cafe
1106 Meridian St
Jack's Donuts
1909 University Blvd
Valor Coffee Co LLC
2225 Broadway St
Starbucks
1845 N Scatterfield Rd
Kroakerheads
1239 Meridian St
Getaway Office
309 W 14th St
Don & Sherry's Third Base Pub
229 E 13th St
Hide Away Inn
2017 W 8th St
Dt's R Bar
1100 Dr Martin Luther King Jr Blvd
Iced Out Cake Shoppe-CHRCTRS
3217 Marine Dr
Murray's Cheese
1845 N Scatterfield Rd
Sweet Petals Bake Shop
South Main St Fruit Market
5012 Main St
Panaderia Mary
825 E 53rd St
Hunt Brothers Pizza
538 W 8th St
Farm Society Restaurant
633 Jackson St
Burro Loco
21 W 8th St
P & S Fisher
44 Jackson St
Mardi Gras Pizzeria
732 Main St
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