Zumper
modified
Updated 15 Hours Ago

Highlights

  • Pet Friendly
  • Prime location
  • Spacious apartment
  • Downtown proximity
  • No smoking allowed

Location

516 S 4th St, Lafayette, IN 47901, USA|Ellsworth Romig
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Tour 516 S 4th St

Contact

Management

Shook Property Management

Leasing office

(765) 420-8200

Property Overview

516 S 4th St offers a strong overall rental profile with an 8.3 Zumper Expert Rating, standing out for its excellent amenities, solid value, and convenient location. It also features a spacious apartment and prime downtown proximity, with nearby transit, grocery access, and strong appeal for work-from-home, pet-friendly, and social lifestyles.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” 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, 516 S 4th St is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 516 S 4th St has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Elementary school nearby
  • Grocery store nearby
  • Less expensive

Great for

  • Social life
  • Work-from-home
  • Pet owners

Floor plans

2BR/2.0BA2 bed2 bath835 sqft$985 /mo1 unit availableNestled in a prime location, this spacious apartment offers the perfect blend of comfort and convenience. The apartment's proximity to downtown ensures that you'll never miss out on the vibrant city life. All appliances included! Up to 2 non-aggressive breed pets allowed! Sorry, no smoking allowed. For more information, to schedule a showing, or to apply, visit shookpropertymanagement. com or call 765.420.8200.

Let's explore this property.

Amenities for 516 S 4th St

Apartment Amenities

Covered Front PorchMaster Bedroom En-Suite
PatioVinyl Flooring

Appliances

DishwasherIn-Unit Laundry
MicrowaveOven
Oven/StoveRange
RefrigeratorWasher and Dryer

Building

Cats OKDogs OK

Grounds

Private Parking

Neighborhood

Close To Downtown

Other

Tenant Responsible for 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

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units3

About 516 S 4th St

HomeApartments in Lafayette 516 S 4th St

Nestled in a prime location, this spacious apartment offers the perfect blend of comfort and convenience. The apartment's proximity to downtown ensures that you'll never miss out on the vibrant city life. All appliances included! Up to 2 non-aggressive breed pets allowed! Sorry, no smoking allowed. For more information, to schedule a showing, or to apply, visit shookpropertymanagement. com or call 765.420.8200.


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, 516 S 4th St is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 516 S 4th St has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated 516 S 4th St
Price·8A 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.
Scoring a 8/10, 516 S 4th St is a great option for renters looking for apartments in Ellsworth Romig. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·10A 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.
516 S 4th St stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
516 S 4th St 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 516 S 4th St 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.

516 S 4th St is great for:

Social life

  • Areas nearby are accessible by walking
  • 80 restaurants within 1 mile of this property
  • 15 theaters, music venues, or sports arenas nearby
  • 45 museums, art galleries, or cultural centers within 1 mile

Work-from-home

  • 1 office supply store within 1 mile
  • 1 internet service provider option nearby
  • 1 coworking space or cafe within 1 mile
  • Utilities included in the rent

Pet owners

  • 1 dog park within 1 mile
  • 2 pet grooming services nearby
  • 4 pet supply stores near the property

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 516 S 4th St compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.2 miles away
Grocery store nearby
Only 0.6 miles from the nearest store
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Balcony
Easy access to the outdoors

Considerations

Greater distance from high schools
The nearest high school is farther than 0.9 miles away
Greater distance from middle schools
The nearest middle school is farther than 1.4 miles away
Lacks images
Fewer than 5 photos available for this property

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Rent trends in Ellsworth Romig

2-bedroom apartments at 516 S 4th St cost about 18% less than the average rent price for 2-bedroom apartments in Ellsworth Romig.

Median rents as of Oct 31 2026.
Ellsworth Romig
Lafayette
A table of studio rental data trends in Lafayette
MonthMedian Rent
November 2024$918
December 2024$955
January 2025$999
February 2025$993
March 2025$974
April 2025$875
May 2025$851
June 2025$893
July 2025$894
August 2025$839
September 2025$770
October 2025$773
November 2025$811
December 2025$900
January 2026$903
February 2026$899
March 2026$895
April 2026$872
May 2026$852
June 2026$841
July 2026$770
August 2026$780
September 2026$821
October 2026$793
A table of studio rental data trends in Ellsworth Romig
MonthMedian Rent
November 2024$965
December 2024$999
January 2025$999
February 2025$999
March 2025$999
April 2025$999
May 2025$936
June 2025$903
July 2025$899
August 2025$852
September 2025$719
October 2025$699
November 2025$775
December 2025$899
January 2026$899
February 2026$899
March 2026$899
April 2026$886
May 2026$844
June 2026$849
July 2026$886
August 2026$825
October 2026$799

Affordability calculator

Can I afford to live at 516 S 4th St?

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

$39,400/yr

With your selected rent-to-income ratio, you'd ideally want to make $39,400 annually to afford this 2-bedrooms monthly rent price of $985.
For more information on rent affordability, visit our rent calculator.

Schools near 516 S 4th St

Thomas Miller Elementary School

700 s 4th st

lafayette, IN, 47905

K-4Public
C+

Bauer Family Resource - Copper Gate

3130 coppergate circle

lafayette, IN, 47909

PKPublic
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Getting around Lafayette near 516 S 4th St

Walking

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

Driving

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

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

4/10
There are a few mass transit options within the area.

Points of interest for 516 S 4th St, Lafayette

Groceries

1/10
No grocery stores within walking distance

Shopping

4/10
Some shops within walking distance

Cafes

5/10
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

2/10
No high schools within a 30-minute walk

Nightlife

4/10
Some bars within walking distance

Explore the area around 516 S 4th St

Better World Market
402 Brown St
La Tapatia
3100 Cincinnati St
Pay Less Super Markets
65 Beck Ln
La Zacatecana Grocery Store
2822 Old US Highway 231 S
Pay Less Super Markets
2200 Greenbush St
AJM Fashions LLC
17 S 6th St
The Enchanted Pointe
226 N 6th St
Ralph Privoznik Jewelry Art
1010 1/2 Main St
Logo Gear Etc LLC
1102 Esplanade St
Juniper
340 E State St
The Eleventh House
409 S 4th St
Sacred Grounds
724 Wabash Ave
Hammer Donuts
611 Main St
Lobby By Greyhouse
526 Main St
Eleventh House
The Spot Tavern
409 S 4th St
Ben Hur Tavern
1002 S 4th St
Knickerbocker Saloon
113 N 5th St
Digby's Pub and Patio
133 N 4th St
Black Sparrow
223 Main St
Smitty Bread
415 S 4th St
Sweet Revolution Bake Shop
109 N 5th St
Jumbo Shrimp Digital LLC
133 N 4th St
Nutramaize LLC
713 North St
Great Harvest Bread
1500 Kossuth St
SIA South Tipp Park
Triangle Park
Highland Park
Garden
Park
The Spot Tavern
409 S 4th St
Sacred Grounds
724 Wabash Ave
Sichuan House
2 S 4th St
S & L Ichiban Investment LLC
2 S 4th St
Ben Hur Tavern
1002 S 4th St
4th St / Fountain St (SE Corner)
Brady Lane
Fountain St / 4th St (NW Corner)
Brady Lane
4th St / Fairmont St (NW Corner)
Brady Lane
4th St / Fairmont St (SE Corner)
Brady Lane
Alabama St / 4th St (SW Corner)
Brady Lane
Lafayette Amtrak Station
Cardinal

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