Zumper
modified
Listed 5+ Days Ago

Highlights

  • Pet Friendly
  • Maintenance team
  • Staff
  • Property manager

Location

515 1/2 Franklin St, Cedar Falls, IA 50613, USA

Tour 515 1/2 Franklin St

Contact

CV Commercial, LLC

(319) 348-1095

Property Overview

Near top-rated schools, strong value for money, and 11 photos help give a clear initial impression of the property. On-site public spaces, outdoor areas, nearby event access, pet-friendly policies, and a bustling neighborhood with diverse age groups add to its appeal, while maintenance staff and a property manager support day-to-day convenience.

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

  • Elementary school nearby
  • Less expensive
  • High school nearby

Great for

  • Pet owners
  • Social life

Amenities for 515 1/2 Franklin St

Appliances

In-Unit LaundryRange
RefrigeratorWasher and Dryer

Building

Cats OKDogs OK
Fitness CenterSmoke-free

Grounds

Outdoor Space

Services

Discounted FIT Gym Membership AvailableLawn Care
Snow Removal

Other

Online Maintenance PortalOnline Rent Payment
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.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

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About 515 1/2 Franklin St

HomeApartments in Cedar Falls 515 1/2 Franklin St, Cedar Falls, IA 50613, USA

SNAPSHOT – Located just blocks from University of Northern Iowa Campus – Ideal for College-Age or Young Professionals – Close to local shopping, dining, and nightlife BENEFITS – Lawn care included – Love pets? Your dog/cat is welcome! See our Pet Policy – Online Payments Accepted SCHOOLS – Elementary: Lincoln – Junior High: Holmes – High School: Cedar Falls SHOWINGS: - Schedule an appointment and a Property Manager will walk through the unit with you! Take the next step and reach out to us to schedule a showing. We are a locally owned, locally managed company with our own maintenance team. Our staff is ready to serve you!


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 515 1/2 Franklin St compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.2 miles away
Less expensive
The 4-bedrooms are cheaper than other similar listings nearby
High school nearby
There is a high school 0.6 miles away
Fitness center
The gym is just a few steps away
Images Available
There are at least 10 photos of this property

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1.1 miles away

Address details

Zip code50613
TypeApartment for rent

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Rent trends in Cedar Falls

4-bedroom apartments at 515 1/2 Franklin St cost about 24% less than the average rent price for 4-bedroom apartments in Cedar Falls.

Median rents as of Oct 3 2026.
Cedar Falls
A table of 4-bedroom apartment rental data trends in Cedar Falls
MonthMedian Rent
October 2024$1,850
November 2024$1,820
December 2024$1,800
January 2025$1,800
February 2025$1,800
March 2025$1,775
April 2025$1,800
May 2025$1,800
June 2025$1,743
July 2025$1,650
August 2025$1,635
September 2025$1,580
October 2025$1,581
November 2025$1,662
December 2025$1,631
January 2026$1,653
February 2026$1,689
March 2026$1,650
April 2026$1,612
May 2026$1,600
June 2026$1,600
July 2026$1,675
August 2026$1,730
September 2026$1,612
October 2026$1,775

Affordability calculator

Can I afford to live at 515 1/2 Franklin St?

Bedrooms

4+ bedrooms

Rent-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

$54,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $54,000 annually to afford this 4-bedrooms monthly rent price of $1,350.
For more information on rent affordability, visit our rent calculator.

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 515 1/2 Franklin St, Cedar Falls, IA.
1 year ago$1,350
2 years ago$1,350

Schools near 515 1/2 Franklin St

Lincoln Elementary School

321 8th st

cedar falls, IA, 50613

PK, K-6Public
B

Cedar Falls Virtual Campus

1002 w 1st st

cedar falls, IA, 50613

K-12Public

Bess Streeter Aldrich Elementary School

2526 ashworth dr

cedar falls, IA, 50613

PK, K-6Public
A
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Internet available near 515 1/2 Franklin St

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Cedar Falls near 515 1/2 Franklin St

Walking

6/10
Some shops and stores are within a few minutes.

Driving

8/10
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.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 515 1/2 Franklin St, Cedar Falls

Groceries

8/10
At least one supermarket within a 10-minute walk

Shopping

5/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

5/10
Some restaurants within a few minutes’ walk

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

5/10
At least one high school within a 20-minute walk

Nightlife

4/10
Some bars within walking distance

Explore the area around 515 1/2 Franklin St

Rooted Carrot Co-op Market
123 W 7th St
Fareway
214 N Magnolia Dr
Hy-Vee
6301 University Ave
Natural Grocers
5410 University Ave
Fareway
4500 S Main St

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