Nearby rentals
Property management
Powered by Zumper AI
516 E 5th stands out as a highly rated option with strong value, excellent amenities, and a convenient location, while its verified quality and detailed listing add to its appeal. It is newly renovated, energy efficient, and includes equipped kitchens, with nearby parks, fitness and wellness options, and a lively mix of dining and cultural destinations.
Things you’ll love
Less expensiveOutdoor spaceGreat for
Social life
Wellness| Downtown Studio | Studio | 1 bath | 350 sqft | $850 /mo | 1 unit available | Are you looking for a hip downtown apartment within walking distance of UTC, great restaurants, and local attractions? Whether you work at Unum, Erlanger, or TVA, this apartment is the perfect spot! Newly renovated, these apartments are energy efficient with equipped kitchens and nice windows that let the sun right in. Apartments located at 516, 518 & 522 E. Fifth Street. Please note that the apartment shown above may not be the apartment available. *Income Restricted* -Max annual income for a single household: $66,850 -Max annual income for a household of two: $76,400 -Max annual income for a household of three: $85,950 -Max annual income for a household of four: $95,950 |
Let's explore this property.
Apartment Amenities
| Trash |
Appliances
| Oven | Oven/Range |
| Range | Refrigerator |
Building
| Free Onsite Laundry | Onsite Laundry |
Grounds
| Free Onsite Parking | Large Grassy Backyard |
| Outdoor Space |
Services
| Recycling Onsite |
Neighborhood
| Downtown | Quiet Street |
One-time.
One-time. Refundable.
| Units | 8 |
|---|
Are you looking for a hip downtown apartment within walking distance of UTC, great restaurants, and local attractions? Whether you work at Unum, Erlanger, or TVA, this apartment is the perfect spot! Newly renovated, these apartments are energy efficient with equipped kitchens and nice windows that let the sun right in. Apartments located at 516, 518 & 522 E. Fifth Street. Please note that the apartment shown above may not be the apartment available. *Income Restricted* -Max annual income for a single household: $66,850 -Max annual income for a household of two: $76,400 -Max annual income for a household of three: $85,950 -Max annual income for a household of four: $95,950
How 516 E 5th compares to other nearby properties.
Positives
Considerations
studio apartments at 516 E 5th cost about 32% less than the average rent price for studio apartments in North Chattanooga - Hill City - UTC.
| Month | Median Rent |
|---|---|
| July 2024 | $1,295 |
| August 2024 | $1,218 |
| September 2024 | $1,219 |
| October 2024 | $1,220 |
| November 2024 | $1,240 |
| December 2024 | $1,250 |
| January 2025 | $1,237 |
| February 2025 | $1,228 |
| March 2025 | $1,231 |
| April 2025 | $1,207 |
| May 2025 | $1,199 |
| June 2025 | $1,198 |
| July 2025 | $1,156 |
| August 2025 | $1,135 |
| September 2025 | $1,173 |
| October 2025 | $1,194 |
| November 2025 | $1,195 |
| December 2025 | $1,176 |
| January 2026 | $1,162 |
| February 2026 | $1,156 |
| March 2026 | $1,153 |
| April 2026 | $1,138 |
| May 2026 | $1,097 |
| June 2026 | $1,105 |
| July 2026 | $1,134 |
| Month | Median Rent |
|---|---|
| July 2024 | $1,300 |
| August 2024 | $1,285 |
| September 2024 | $1,261 |
| October 2024 | $1,300 |
| November 2024 | $1,310 |
| December 2024 | $1,321 |
| January 2025 | $1,333 |
| February 2025 | $1,244 |
| March 2025 | $1,255 |
| April 2025 | $1,202 |
| May 2025 | $1,310 |
| June 2025 | $1,343 |
| July 2025 | $1,205 |
| August 2025 | $1,100 |
| September 2025 | $1,204 |
| October 2025 | $1,178 |
| November 2025 | $1,170 |
| December 2025 | $1,123 |
| January 2026 | $1,138 |
| February 2026 | $1,110 |
| March 2026 | $1,126 |
| April 2026 | $1,243 |
| May 2026 | $1,336 |
| June 2026 | $1,342 |
| July 2026 | $1,300 |
Can I afford to live at 516 E 5th St?
Bedrooms
StudioRent-to-income ratio
30%
$34,000/yr
3074 hickory valley rd
chattanooga, TN, 37421
North Chattanooga - Hill City - UTC | Chattanooga, TN
Riverview - Stuart Heights • 621 Memorial Dr
1–2 Beds
$999–$1,466
Woodmore - Dalewood • 1521 Hickory Valley Rd
Studio–2 Beds
$825–$1,415
Downtown Chattanooga • 721 Broad St
Studio–2 Beds
$1,153–$2,061
1011 Gadd Rd
1–2 Beds
$1,048–$2,717
Riverview - Stuart Heights • 621 Memorial Dr
1–2 Beds
$999–$1,466
Woodmore - Dalewood • 1521 Hickory Valley Rd
Studio–2 Beds
$825–$1,415
Downtown Chattanooga • 721 Broad St
Studio–2 Beds
$1,153–$2,061
1011 Gadd Rd
1–2 Beds
$1,048–$2,717
