Zumper
modified
21 Hours Ago

Highlights

  • Closet space
  • Off street parking
  • New kitchen
  • New bathroom
  • New flooring
  • Plenty of storage

Location

321 West 5th Street, Cedar Falls, Iowa 50613, United States
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Contact

Management

Cedar Valley Property Management

Leasing office

(319) 277-3630

Property Overview

W 5th St 321 & Franklin 420 earns a commendable Zumper Expert Rating, reflecting its strong market appeal. Key advantages include its convenient location and access to amenities, making it an advantageous choice for various lifestyles. Notable features further enhance its attractiveness, offering a blend of practicality and comfort.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, W 5th St 321 & Franklin 420 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, W 5th St 321 & Franklin 420 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Elementary school nearby
  • High school nearby
  • More space

Floor plans

2BR/1.0BA2 bed1 bath1,172 sqft$1,200 /mo1 unit availableJust minutes away from downtown Cedar Falls, local schools, and the Cedar Falls Rec Center, this duplex has a lot to offer. Brand new kitchen, new bathroom, new carpet, flooring and a fresh paint job throughout. Plenty of storage and closet space! Off street parking! Call this place home and live in a friendly Cedar Falls neighborhood. Contact us today for a showing!

Let's explore this property.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units2
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About W 5th St 321 & Franklin 420

HomeApartments in Cedar Falls W 5th St 321 & Franklin 420

Just minutes away from downtown Cedar Falls, local schools, and the Cedar Falls Rec Center, this duplex has a lot to offer. Brand new kitchen, new bathroom, new carpet, flooring and a fresh paint job throughout. Plenty of storage and closet space! Off street parking! Call this place home and live in a friendly Cedar Falls neighborhood. Contact us today for a showing!


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, W 5th St 321 & Franklin 420 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, W 5th St 321 & Franklin 420 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated W 5th St 321 & Franklin 420
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
W 5th St 321 & Franklin 420 stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
W 5th St 321 & Franklin 420 goes above and beyond to provide sought-after conveniences and desirable perks, including building or unit level amenities. Renters looking for popular or luxurious features will find them here—and for that reason, W 5th St 321 & Franklin 420 receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
W 5th St 321 & Franklin 420 is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While W 5th St 321 & Franklin 420 does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
W 5th St 321 & Franklin 420 provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

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 W 5th St 321 & Franklin 420 compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.2 mile away
High school nearby
There is a high school 1 mile away
More space
The 2-bedroom is 321 sqft larger than other listings nearby
Laundry available on site
Washers and dryers are available in-building or in-unit

Considerations

Lacks images
Fewer than 10 photos available for this location

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Rent trends in Cedar Falls

2-bedroom apartments at W 5th St 321 & Franklin 420 cost about 14% more than the average rent price for 2-bedroom apartments in Cedar Falls.

Median rents as of Dec 13 2025.
Cedar Falls
A table of studio rental data trends in Cedar Falls
MonthMedian Rent
December 2023$795
January 2024$795
February 2024$750
March 2024$725
April 2024$832
May 2024$933
June 2024$920
July 2024$895
August 2024$895
September 2024$895
October 2024$895
November 2024$837
December 2024$802
January 2025$795
February 2025$806
March 2025$802
April 2025$890
May 2025$950
June 2025$931
July 2025$915
August 2025$950
September 2025$930
October 2025$939
November 2025$865
December 2025$816

Affordability calculator

Can I afford to live at 321 West 5th Street?

Bedrooms

2 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

$48,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $48,000 annually to afford this 2-bedrooms monthly rent price of $1,200.
For more information on rent affordability, visit our rent calculator.

Schools near W 5th St 321 & Franklin 420

Lincoln Elementary School

321 8th st

cedar falls, IA, 50613

PK, K-6Public
B
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Internet available near W 5th St 321 & Franklin 420

Getting around Cedar Falls near 321 West 5th Street

Walking

5/10
Some shops and stores are within a few minutes.

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

8/10
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 321 West 5th Street, 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

4/10
At least one high school within a 20-minute walk

Nightlife

4/10
Some bars within a few minutes’ walk

Explore the area around 321 West 5th Street

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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