Zumper
modified
Updated 17 Hours Ago

Highlights

  • Convenient location
  • Fridge and stove/oven

Location

514 S 5th St, Elkhart, IN 46516, USA|West Central
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Contact

Management

MBSR Rentals LLC

Leasing office

(574) 383-5069

Property Overview

514 South 5th Street earns a strong overall rating, with standout value, amenities, and location that make it a compelling rental choice. It also offers practical everyday features like a fridge and stove/oven, plus a convenient setting with nearby parks, restaurants, and access to public transportation.

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

8.6
Very Good
With a solid 8.6 out of 10 overall, 514 South 5th Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 514 South 5th Street 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

  • Eco-friendly trash disposal

Great for

  • Social life

Floor plans

1BR/1.0BA1 bed1 bath550 sqft$820 /mo1 unit availableApply now: https screen boompay app a 7EsnZZZ5Pv6DpPEiZ2HJ Welcome to 514 South 5th Street in Elkhart, IN! This cozy upstairs apartment features two bedroom and one bathroom, perfect for those seeking a comfortable living space. The unit boasts a full kitchen equipped with a fridge and stove/oven, ideal for preparing meals at home. With a large living area, there is plenty of space to relax and unwind. Step outside to enjoy the shared porch, perfect for enjoying the fresh air. Don't miss out on this charming apartment in a convenient location. APPLY TODAY! At MBSR Rentals, we strive to provide an experience that is cost-effective and convenient. That’s why we provide a Resident Benefits Package (RBP) to address common headaches for our residents and provide must-have services for our renters. The Total Monthly Price includes rent, plus pest control, air filter delivery, resident rewards, ID protection, utility setup assistance, credit building and more at a rate of {$44.45} month, required with the rental. Residents have the option to personalize some components during onboarding, which may increase or decrease the monthly amount. More details upon application. Lease Terms - 1 Year Option to purchase Renter Insurance through MBSR or provide your own coverage. Rental insurance is a must. Deposit is to be placed within 24 hours after viewing the unit to hold it.

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Amenities for 514 South 5th Street

Apartment Amenities

Large SpaceUpstairs Unit

Appliances

OvenRange
Range/OvenRefrigerator

Other

Shared Porch
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

Concierge Services

Monthly.

$44.45

Questions about this property’s policies and fees?

Building details

Property details

Units2
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About 514 South 5th Street

HomeApartments in ElkhartWest Central 514 South 5th Street

Apply now: https screen boompay app a 7EsnZZZ5Pv6DpPEiZ2HJ Welcome to 514 South 5th Street in Elkhart, IN! This cozy upstairs apartment features two bedroom and one bathroom, perfect for those seeking a comfortable living space. The unit boasts a full kitchen equipped with a fridge and stove/oven, ideal for preparing meals at home. With a large living area, there is plenty of space to relax and unwind. Step outside to enjoy the shared porch, perfect for enjoying the fresh air. Don't miss out on this charming apartment in a convenient location. APPLY TODAY! At MBSR Rentals, we strive to provide an experience that is cost-effective and convenient. That’s why we provide a Resident Benefits Package (RBP) to address common headaches for our residents and provide must-have services for our renters. The Total Monthly Price includes rent, plus pest control, air filter delivery, resident rewards, ID protection, utility setup assistance, credit building and more at a rate of {$44.45} month, required with the rental. Residents have the option to personalize some components during onboarding, which may increase or decrease the monthly amount. More details upon application. Lease Terms - 1 Year Option to purchase Renter Insurance through MBSR or provide your own coverage. Rental insurance is a must. Deposit is to be placed within 24 hours after viewing the unit to hold it.


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 Good
With a solid 8.6 out of 10 overall, 514 South 5th Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 514 South 5th Street 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 514 South 5th Street
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.
514 South 5th Street 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.
514 South 5th Street goes above and beyond to provide sought-after conveniences and desirable perks, including shared porch. Renters looking for popular or luxurious features will find them here—and for that reason, 514 South 5th Street 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.
514 South 5th Street 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 514 South 5th Street 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.

514 South 5th Street is great for:

Social life

  • 34 restaurants within 1 mile of this property
  • Diverse age groups live in this area
  • Area has 17 parks and recreation options
  • A bustling neighborhood

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 514 South 5th Street compares to other nearby properties.

Positives

Eco-friendly trash disposal
This property has recycling pickup

Considerations

Greater distance from high schools
The nearest high school is farther than 1.3 miles away
Lacks images
Fewer than 5 photos available for this property

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Rent trends in West Central

1-bedroom apartments at 514 South 5th Street cost about 6% more than the average rent price for 1-bedroom apartments in West Central.

Median rents as of Oct 10 2026.
West Central
Elkhart
A table of 1-bedroom apartment rental data trends in Elkhart
MonthMedian Rent
October 2024$850
November 2024$812
December 2024$815
January 2025$850
February 2025$837
March 2025$822
April 2025$800
May 2025$854
June 2025$840
July 2025$790
August 2025$778
September 2025$774
October 2025$790
November 2025$800
December 2025$800
January 2026$799
February 2026$793
March 2026$805
April 2026$802
May 2026$792
June 2026$818
July 2026$852
August 2026$883
September 2026$870
October 2026$874
A table of 1-bedroom apartment rental data trends in West Central
MonthMedian Rent
November 2024$605
December 2024$611
January 2025$660
February 2025$675
August 2025$663
September 2025$687
October 2025$766
November 2025$795
December 2025$750
January 2026$750
February 2026$741
March 2026$746
April 2026$756
May 2026$767
June 2026$750
July 2026$771
August 2026$813
September 2026$791
October 2026$775

Affordability calculator

Can I afford to live at 514 S 5th St?

Bedrooms

1 bedroom

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

$32,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $32,800 annually to afford this 1-bedroom monthly rent price of $820.
For more information on rent affordability, visit our rent calculator.

Schools near 514 South 5th Street

Elkhart Academy

1013 tipton st

elkhart, IN, 46516

K-12Public

Mary Beck Elementary School

818 mcdonald st

elkhart, IN, 46516

PK, K-6Public
C-

South Bend Virtual School

740 north eddy st

south bend, IN, 46617

K-12Public
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Internet available near 514 South 5th Street

Neighborhood

West Central | Elkhart, IN

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

Getting around Elkhart near 514 S 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.

Transit

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

Points of interest for 514 S 5th St, Elkhart

Groceries

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

Shopping

4/10
Several shops within walking distance

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

5/10
Some restaurants within a few minutes’ walk

Primary schools

6/10
At least one elementary school within a 20-minute walk

High schools

2/10
At least one high school within a 30-minute walk

Nightlife

4/10
Some bars within walking distance

Explore the area around 514 S 5th St

Martin's Super Market
575 E Jackson Blvd
Beardsley Food Market Inc
628 W Beardsley Ave
Paraiso
111 E Lusher Ave
Kroger
130 W Hively Ave
Fresh Encounter
1708 S Nappanee St

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