5+ Days Ago
Highlights
- Closet space
- Off street parking
- New kitchen
- New bathroom
- New flooring
- Plenty of storage
Location
321 W 5th St, Cedar Falls, IA 50613, USA
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Property Overview
The property at W 5th St 321 & Franklin 420 has received a strong Zumper Expert Rating of 8.6 and features an exceptional balance of price and value with a perfect price rating of 10. Notable amenities include new kitchen and bathroom, plenty of storage, and off-street parking, while its location offers great access to public transport and top-rated schools, contributing to an enhanced quality of life for residents. The property is highly regarded for its transparency and detailed description, reflected in a trustworthiness rating of 8 out of 10.
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.
Things you’ll love
Elementary school nearby- High school nearby
- More space
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 1,172 sqft | $1,100 /mo | 1 unit available | 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! Laundry Downstairs. Off street parking! Call this place home and live in a friendly Cedar Falls neighborhood. Contact us today for a showing! |
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Amenities for W 5th St 321 & Franklin 420
Appliances
| Fridge | Range |
| Refrigerator | Stove |
Building
| Onsite Laundry |
Other
| Resident Pays all Utilities |
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
Building details
Property details
| Units | 2 |
|---|
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About 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! Laundry Downstairs. 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.
8.6
/10
Very GoodWith a solid 8.6 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.
Price·10A 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 offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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 onsite laundry. 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·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
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 212 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 8% less than the average rent price for 2-bedroom apartments in Cedar Falls.
Median rents as of Mar 14 2026.
Cedar Falls
| Month | Median Rent |
|---|---|
| March 2024 | $700 |
| 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 | $807 |
| January 2026 | $833 |
| February 2026 | $839 |
| March 2026 | $856 |
Affordability calculator
Can I afford to live at 321 W 5th St?
Bedrooms
2 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
$44,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $44,000 annually to afford this 2-bedrooms monthly rent price of $1,100.
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
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 W 5th St 321 & Franklin 420
Getting around Cedar Falls near 321 W 5th St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Points of interest for 321 W 5th St, Cedar Falls
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
5/10
Some shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
4/10
No high schools within a 30-minute walk
Nightlife
4/10
Some bars within walking distance
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