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518 East 5th Street is a high-rated, competitively priced property (overall 9.1/10, price 10/10) that delivers strong value with excellent amenities, quality, and a convenient location near a top-rated middle school. Residents benefit from keypad entry, intercom access, extended-stay furnished options, private gardens with garden views, and plentiful nearby grocery stores, parks, restaurants, and entertainment venues. The area’s communal green spaces and wellness-oriented conveniences, along with a detailed and transparent listing, further enhance everyday comfort and lifestyle.
Things you’ll love
Less expensiveMiddle school nearbyFireplaceGreat for
Wellness
Social life| 518 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATH | Studio | 1 bath | 200 sqft | $2,625–$2,800 /mo | 2 units available | 2 Room Studio / 1 Bath |
Let's explore this property.
Apartment Amenities
| Air Conditioning | Decorative Fireplace |
| Duplex | Fireplace |
| Furniture Included | Hardwood Floor |
| Multi Bedroom Shares/Co-Living | Upgraded Kitchen |
Appliances
| Dishwasher | Microwave |
Building
| Cats OK | Controlled Access |
| Dogs OK |
Grounds
| Garden/Patio | Gate |
| Outdoor Space |
Neighborhood
| Citi Bike Station Nearby | Nearby Tompkins Square Park |
| Neighborhood East Village |
Other
| Short Term | Short Term Lease |
| Ultra Short Term |
One-time.
One-time. Refundable.
Questions about this property’s policies and fees?
| Units | 19 |
|---|
Located minutes from iconic Tompkins Square Park and vibrant St. Marks Place, 518 East 5th Street is a convenient and affordable choice for an East Village rental. This classic six-story building situated in the heart of the East Village apartment building features multi-bedroom shares and convenient amenities, including four-bedroom rental apartments, keypad entry, surveillance and an intercom. 518 East 5th Street offers short-term (3 + months), ultra-short term (minimum 2 months) academic lease term, summer rentals, and long-term lease options, as well as extended stay furnished apartments. The building is part of an identical string of period buildings along the street, which make a striking impression on anyone who passes by. Certain ground floor units in this East Village apartment building have private gardens which provide a fantastic garden views for rear-facing apartments. The East Village is close to NYU -- which means that undergraduate and graduate students from around th
Showing 1 highest rated
543 E 5th Street is infested with bedbugs. The management company knew of this issue when I moved in, but did not notify me. I usually don't bother to write reviews, but I feel like I should warn other people so they don't make the same costly mistake I did. I had to throw out thousands of dollars worth of new furniture and moved out within two months of moving in. Attempts to address this issue proved futile, as so many of the units are infested, they are impossible to fully eradicate. Additionally, I was there two months and did not receive necessary utilities. Not only is this company amoral, they are in direct violation of so many tenant legal rights and should be sued.
Lux Sommers
May 08, 2019
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How 518 East 5th Street compares to other nearby properties.
Positives
studio apartments at 518 East 5th Street cost about 32% less than the average rent price for studio apartments in East Village.
| Month | Median Rent |
|---|---|
| June 2024 | $3,666 |
| July 2024 | $3,691 |
| August 2024 | $3,698 |
| September 2024 | $3,674 |
| October 2024 | $3,625 |
| November 2024 | $3,532 |
| December 2024 | $3,527 |
| January 2025 | $3,569 |
| February 2025 | $3,563 |
| March 2025 | $3,643 |
| April 2025 | $3,747 |
| May 2025 | $3,800 |
| June 2025 | $3,772 |
| July 2025 | $3,757 |
| August 2025 | $3,791 |
| September 2025 | $3,807 |
| October 2025 | $3,812 |
| November 2025 | $3,800 |
| December 2025 | $3,798 |
| January 2026 | $3,790 |
| February 2026 | $3,794 |
| March 2026 | $3,837 |
| April 2026 | $3,855 |
| May 2026 | $3,886 |
| Month | Median Rent |
|---|---|
| June 2024 | $2,995 |
| July 2024 | $3,189 |
| August 2024 | $3,052 |
| September 2024 | $3,072 |
| October 2024 | $3,386 |
| November 2024 | $3,220 |
| December 2024 | $3,081 |
| January 2025 | $3,043 |
| February 2025 | $2,863 |
| March 2025 | $3,143 |
| April 2025 | $3,150 |
| May 2025 | $3,948 |
| June 2025 | $4,050 |
| July 2025 | $3,593 |
| August 2025 | $3,581 |
| September 2025 | $3,500 |
| October 2025 | $4,181 |
| November 2025 | $4,128 |
| December 2025 | $4,136 |
| January 2026 | $3,864 |
| February 2026 | $3,824 |
| March 2026 | $4,074 |
| April 2026 | $3,896 |
| May 2026 | $4,341 |
Can I afford to live at 518 E 5th St?
Bedrooms
StudioRent-to-income ratio
30%
$102,000/yr
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