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516 E 5th is a strong option with a 9.3 Zumper Expert Rating, backed by excellent marks for price, amenities, location, and quality. It offers newly renovated, energy efficient apartments with equipped kitchens, and stands out for value for money, ample natural light, and easy access to parks, wellness spots, dining, and cultural venues.
Things you’ll love
Eco-friendly trash disposalOutdoor spaceGreat for
Wellness
Social life| 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
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 |
|---|---|
| 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 | $1,138 |
| August 2026 | $1,175 |
| September 2026 | $1,186 |
| October 2026 | $1,182 |
| Month | Median Rent |
|---|---|
| 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 | $1,281 |
| August 2026 | $1,270 |
| September 2026 | $1,264 |
| October 2026 | $1,250 |
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
$1,095–$1,572
Total Monthly Price. The price shown reflects a 12-month lease and includes base rent and all known required monthly fees, based on information provided by the property.
Woodmore - Dalewood • 1521 Hickory Valley Rd
Studio–2 Beds
$855–$1,450
Total Monthly Price. The price shown reflects a 12-month lease and includes base rent and all known required monthly fees, based on information provided by the property.137 Oyler Ln
Studio–2 Beds
$960
Total Monthly Price. The price shown reflects a 12-month lease and includes base rent and all known required monthly fees, based on information provided by the property.Riverview - Stuart Heights • 1717 White Oak Rd
Studio–2 Beds
$937–$1,274
Total Monthly Price. The price shown reflects a 12-month lease and includes base rent and all known required monthly fees, based on information provided by the property.Downtown Chattanooga • 721 Broad St
Studio–2 Beds
$1,419–$1,973
Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.1011 Gadd Rd
1–2 Beds
$980–$2,797
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Friends of Mountain Creek • 936 Mountain Creek Rd
1–2 Beds
$1,099–$1,953
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Riverview - Stuart Heights • 621 Memorial Dr
1–2 Beds
$1,095–$1,572
Total Monthly Price. The price shown reflects a 12-month lease and includes base rent and all known required monthly fees, based on information provided by the property.Woodmore - Dalewood • 1521 Hickory Valley Rd
Studio–2 Beds
$855–$1,450
Total Monthly Price. The price shown reflects a 12-month lease and includes base rent and all known required monthly fees, based on information provided by the property.137 Oyler Ln
Studio–2 Beds
$960
Total Monthly Price. The price shown reflects a 12-month lease and includes base rent and all known required monthly fees, based on information provided by the property.Riverview - Stuart Heights • 1717 White Oak Rd
Studio–2 Beds
$937–$1,274
Total Monthly Price. The price shown reflects a 12-month lease and includes base rent and all known required monthly fees, based on information provided by the property.Downtown Chattanooga • 721 Broad St
Studio–2 Beds
$1,419–$1,973
Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.1011 Gadd Rd
1–2 Beds
$980–$2,797
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Friends of Mountain Creek • 936 Mountain Creek Rd
1–2 Beds
$1,099–$1,953
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
