Updated 5+ Days Ago
Highlights
- Convenient location
- Fridge and stove/oven
Location
514 S 5th St, Elkhart, IN 46516, USA|West Central
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Property Overview
514 South 5th Street earns a strong overall impression with an 8/10 Zumper Expert Rating, reflecting solid value, standout amenities, and a highly rated location. Its convenient placement, included fridge and stove/oven, and transparent listing details pair well with a lively neighborhood that offers diverse age groups, plenty of restaurants and parks, and a strong social atmosphere.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Great for” are based on our internal analyses of market trends and renter insights.
Great for
Social life
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 550 sqft | $775 /mo | 1 unit available | 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. |
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Amenities for 514 South 5th Street
Apartment Amenities
| Large Space | Upstairs Unit |
Appliances
| Oven | Range |
| Range/Oven | Refrigerator |
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
| Units | 2 |
|---|
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About 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.
8.0
/10
Very GoodWith a solid 8 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 Amenities— so you can be assured your rent will come with a high standard of living.
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, 514 South 5th Street is a great option for renters looking for apartments in West Central. 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·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:
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.
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in West Central
1-bedroom apartments at 514 South 5th Street cost about 5% less than the average rent price for 1-bedroom apartments in West Central.
Median rents as of Aug 22 2026.
West Central
Elkhart
| Month | Median Rent |
|---|---|
| September 2024 | $822 |
| October 2024 | $834 |
| 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 | $882 |
| Month | Median Rent |
|---|---|
| October 2024 | $595 |
| 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 |
Affordability calculator
Can I afford to live at 514 S 5th St?
Bedrooms
1 bedroomRent-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
$31,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $31,000 annually to afford this 1-bedroom monthly rent price of $775.
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
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
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