Zumper
modified
5+ Days Ago

Highlights

  • Convenient location
  • Eat-in kitchen
  • Full bathroom, modern fixtures

Location

516 3rd St, Fall River, MA 02721, USA
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Contact

Management

Dream Homes Property management & Investments LLC

Leasing office

(844) 334-3308 ext. 6196

Property Overview

516-520 Third Street is highly rated by Zumper, with an overall score of 8 out of 10, reflecting its strong appeal to renters. This property stands out with a competitive price rating of 9, emphasizing excellent value for its modern features and convenient location, which also received a high score of 9. Additionally, notable features such as an eat-in kitchen and full bathroom enhance its desirability, while a trustworthiness rating of 7 underscores the transparency and reliability of the property management.

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

8.0
Very Good
With a solid 8 out of 10 overall, 516-520 Third Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 516-520 Third 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

  • More space

Great for

  • Social life

Floor plans

516-520 Third Street - 3 E (...3 bed1 bath1,200 sqft$1,950 /mo

Let's explore this property.

Policies and fees

Applicants

Applicants

One-time.

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REQUIRED FEES

Security Deposit

One-time.

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Questions about this property’s policies and fees?

Building details

Property details

Units1
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About 516-520 Third Street

HomeApartments in Fall River 516-520 Third Street

516-520 Third Street cost $1,950 per month. Located at 516 3rd St, Fall River, MA 02721, USA, 516-520 Third Street has 3 bedroom units available.Other apartment buildings in or around Fall River include but are not limited to: 64 Walnut St, 28 Odd St


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 Good
With a solid 8 out of 10 overall, 516-520 Third Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 516-520 Third 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 516-520 Third Street
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.
516-520 Third Street 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·8A 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.
With multiple in-demand amenities, 516-520 Third Street is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
516-520 Third 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 516-520 Third 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·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.
516-520 Third Street 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.

516-520 Third Street is great for:

Social life

  • Areas nearby are accessible by walking
  • Diverse age groups live in this area
  • 118 restaurants within 1 mile of this property
  • 249 mixed-use spaces nearby

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 516-520 Third Street compares to other nearby properties.

Positives

More space
The 3-bedroom is 207 sqft larger than other listings nearby

Considerations

Lacks images
Fewer than 10 photos available for this location

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Rent trends in Fall River

3-bedroom apartments at 516-520 Third Street cost about the same as the average rent price for 3-bedroom apartments in Fall River.

Median rents as of Jan 3 2026.
Fall River
A table of studio rental data trends in Fall River
MonthMedian Rent
February 2024$1,330
March 2024$1,261
April 2024$1,212
May 2024$1,371
June 2024$1,407
July 2024$1,465
August 2024$1,489
September 2024$1,548
October 2024$1,520
November 2024$1,322
December 2024$1,313
January 2025$1,262
February 2025$1,168
March 2025$1,350
April 2025$1,300
May 2025$1,400
June 2025$1,400
July 2025$1,400
August 2025$1,453
September 2025$1,523
October 2025$1,360
November 2025$1,410
December 2025$1,275
January 2026$1,200

Affordability calculator

Can I afford to live at 516 3rd St?

Bedrooms

3 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

$78,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $78,000 annually to afford this 3-bedrooms monthly rent price of $1,950.
For more information on rent affordability, visit our rent calculator.

Schools near 516-520 Third Street

Carlton M. Viveiros Elementary School

525 slade st

fall river, MA, 2724

K-5Public
C+
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Internet available near 516-520 Third Street

Neighborhood

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

Getting around Fall River near 516 3rd St

Walking

9/10
No car? No problem. Everything you need is within a few blocks.

Driving

5/10
This area is accessible to thoroughfares and has ample parking options.

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 3rd St, Fall River

Groceries

9/10
At least one supermarket within a 5-minute walk

Shopping

6/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

6/10
Variety of restaurants within a few minutes' walk

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

7/10
At least one high school within a 15-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

4/10
Some bars within walking distance

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