Updated 5+ Days Ago
Highlights
Pet Friendly
- Vinyl plank flooring
- Utilities included
- Decorative fireplace
- Central air
Location
516 Locust St, Middletown, IN 47356, USA
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Property Overview
516 LOCUST ST earns a strong overall impression, with an 8/10 expert rating, standout value, and a 9/10 location score. Notable features include vinyl plank flooring, utilities included, a decorative fireplace, and central air, while 20 photos, top-ranked nearby schools, and exceptional value per square foot add to its appeal. It is also noted as great for pet friendliness due to a required pet deposit.
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.
Things you’ll love
Elementary school nearby- High school nearby
- Middle school nearby
Great for
Pet owners
Floor plans
| 516 LOCUST ST - MIDDLETOWN (RESIDENTIAL) - B | Studio | 1 bath | $775 /mo | 516 Locust St. Apt B, Middletown *All Utilities Included* Sec Dep $775.00 Rent: $179.00 Weekly $358.00 Bi-Weekly $775.00 Monthly Large Upstairs Studio Apartment With A Bathroom Located In Downtown Middletown. Vinyl Plank Flooring With Carpet On The Bedroom Side. The Kitchen Includes A Refrigerator, An Electric Stove & Microwave. The Bathroom Has A Shower Only. All Utilities Included. Lawncare Provided. 1 Small Pet May Be Negotiable With Owner'S Approval & A $300.00 Pet Deposit Per Pet & $25.00 Pet Fee Per Month. Renter'S Insurance Required At Tenant Cost.. | |||
| 516 LOCUST ST - MIDDLETOWN (RESIDENTIAL) - D | Studio | 1 bath | $800 /mo | 516 Locust St. Apt D, Middletown Sec Dep $800.00 *All Utilities Included* *Hud Accepted* Rent: $185.00 Weekly $370.00 Bi-Weekly $800.00 Monthly Large Upstairs Studio Apartment With 1 Bathroom Located In Downtown Middletown. The Building Has Great Character. Decorative Fireplace. Vinyl Plank Flooring. Carpet In The Bedroom Nook. The Kitchen Includes A Refrigerator And Gas Stove. The Bathroom Has A Shower And Tub Combo. Central Air. The Owner Pays For All Utilities. 1 Small Pet May Be Negotiable With Owner'S Approval, A $300 Pet Deposit And $25 Per Month. Renters Insurance Required At Tenants Cost. | |||
| 516 LOCUST ST - MIDDLETOWN (RESIDENTIAL) - G | 1 bed | 1 bath | $825 /mo | 516 Locust St. Apt G Middletown Sec Dep $825.00 *All Utilities Included* Rent: $191.00 Weekly $382.00 Bi-Weekly $825.00 Monthly Lower One Bedroom Apartment With 1 Bathroom Located In Downtown Middletown. Vinyl Plank Flooring Throughout. The Kitchen Includes A Refrigerator And Gas Stove. The Bathroom Has A Shower Only. Ac Unit. All Utilities Included. 1 Small Pet May Be Negotiable With Owner'S Approval & A $300.00 Pet Deposit Per Pet & $25.00 Pet Fee Per Month. Renter'S Insurance Required At Tenant Cost. | |||
| 516 LOCUST ST - MIDDLETOWN (RESIDENTIAL) - C | 1 bed | 1 bath | 500 sqft | $850 /mo | 516 Locust St. Apt C, Middletown *All Utilities Included* Sec Dep $850.00 Rent: $197.00 Weekly $394.00 Bi-Weekly $850.00 Monthly One Bedroom 1 Bathroom Upstairs Apartment Located In Downtown Middletown. Vinyl Flooring. Carpet In The Bedroom And Living Room. The Kitchen Includes A Refrigerator And Gas Stove. The Bathroom Has A Shower And Tub Combo. Lawncare Provided. Central Air. All Utilities Included. Lawncare Provided. 1 Small Pet May Be Negotiable With Owner'S Approval & A $300.00 Pet Deposit Per Pet & $25.00 Pet Fee Per Month. Renter'S Insurance Required At Tenant Cost. |
Let's explore this property.
Amenities for 516 LOCUST ST
Apartment Amenities
| Utilities Included |
Building
| Cats OK | Dogs OK |
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
Application Fee
Per-applicant. Agent application fee.
Contact Property
REQUIRED FEES
Security Deposit
One-time.
Contact Property
OPTIONAL FEES
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Cat
Pet Terms
1 cat max.
Dog
Pet Terms
1 dog max.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 4 |
|---|
About 516 LOCUST ST
516 Locust St. Apt D, Middletown Sec Dep $800.00 *All Utilities Included* *Hud Accepted* Rent: $185.00 Weekly $370.00 Bi-Weekly $800.00 Monthly Large Upstairs Studio Apartment With 1 Bathroom Located In Downtown Middletown. The Building Has Great Character. Decorative Fireplace. Vinyl Plank Flooring. Carpet In The Bedroom Nook. The Kitchen Includes A Refrigerator And Gas Stove. The Bathroom Has A Shower And Tub Combo. Central Air. The Owner Pays For All Utilities. 1 Small Pet May Be Negotiable With Owner'S Approval, A $300 Pet Deposit And $25 Per Month. Renters Insurance Required At Tenants Cost.
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, 516 LOCUST ST is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 516 LOCUST ST 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·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 LOCUST ST 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 LOCUST ST 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 LOCUST 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 LOCUST 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·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 LOCUST ST 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 LOCUST ST 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 516 LOCUST ST compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 3.2 miles away
- High school nearby
- There is a high school 3.5 miles away
- Middle school nearby
- There is a middle school 3.3 miles away
- More space
- The 1-bedroom is 250 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this property
Considerations
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
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Rent trends in Middletown
Studio apartments at 516 LOCUST ST cost about 2% less than the average rent price for studios in Middletown.
1-bedroom apartments here are priced 10% higher than 1-bedrooms in Middletown.
Median rents as of Oct 24 2026.
Middletown
| Month | Median Rent |
|---|---|
| December 2025 | $650 |
| January 2026 | $650 |
| October 2026 | $833 |
Affordability calculator
Can I afford to live at 516 Locust St?
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
$31,500/yr
With your selected rent-to-income ratio, you'd ideally want to make $31,500 annually to afford this studio median monthly rent price of $787.
For more information on rent affordability, visit our rent calculator.
Schools near 516 LOCUST ST
Shenandoah Elementary School
5256 n raider rd
middletown, IN, 47356
PK, K-5Public
B+
Burris Laboratory School
2000 university ave
muncie, IN, 47306
K-12Public
A-
Getting around Middletown near 516 Locust St
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
0/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 516 Locust St, Middletown
Groceries
8/10
Wide variety of groceries within a few minutes' walk
Shopping
3/10
Some shops within a short drive
Cafes
1/10
Few or no cafés within a short drive
Restaurants
5/10
Variety of restaurants within a short drive
Nightlife
7/10
Wide variety of bars within a short drive, including some within walking distance
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