Zumper
modified
14 Hours Ago

Highlights

  • Pet Friendly
  • Keypad entry
  • Intercom
  • Garden views

Location

514 East 5th Street, New York, New York 10009, United States|East Village
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Tour 514 East 5th Street

Contact

pmc-logo

Management

MetroNest

Leasing office

(844) 325-4840 ext. 7474

Open 

9:00 am–7:00 pm ET

Property Overview

514 East 5th Street excels with an impressive Zumper Expert Rating of 8.9, reflecting its superior amenities, prime location, and competitive pricing. Notable features include keypad entry, intercom, and garden views, while the property is ideally situated near numerous restaurants and entertainment options, enhancing its appeal for active lifestyles. With transparency and trustworthiness highlighted, it stands out as a viable choice for renters seeking quality living arrangements.

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

8.9
Very Good
With a solid 8.9 out of 10 overall, 514 East 5th Street is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 514 East 5th 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
  • Middle school nearby
  • Fireplace

Great for

  • Social life
  • Pet owners

Floor plans

514 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATHStudio1 bath200 sqft$2,875 /mo1 unit available2 Room Studio / 1 Bath

Let's explore this property.

Amenities for 514 East 5th Street

Apartment Amenities

Decorative FireplaceExposed Brick
FireplaceHardwood Floor
Multi Bedroom Shares/Co-LivingUpgraded Kitchen

Appliances

DishwasherMicrowave

Building

Cats OKControlled Access
Dogs OK

Grounds

Gate

Neighborhood

Citi Bike Station NearbyNeighborhood East Village

Other

Short TermShort Term Lease
Ultra Short Term
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

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit2

Cat Policy

Allowed
Limit2

Questions about this property’s policies and fees?

Building details

Property details

Units18
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About 514 East 5th Street

HomeApartments in New YorkEast Village 514 East 5th Street

Located minutes from the shaded, leafy Tompkins Square Park and vibrant St. Marks Place, 514 East 5th Street is a convenient and affordable choice for an apartment rental in East Village. This classic six-story building situated in the heart of the East Village features multi-bedroom, co-living shares and convenient amenities, including four-bedroom rental apartments, keypad entry, surveillance and an intercom. This East Village apartment building offers short-term (3 + months), ultra-short term (minimum 2 months) academic lease term, summer rentals, and long-term lease options. 514 East 5th Street is part of an identical string of period buildings along the street, which make a striking impression on anyone who passes by. Certain rear-facing apartment units have fantastic garden views. This building is close to NYU -- which means that undergraduate and graduate students from around the globe will find the East Village apartments at 514 E 5th street a good fit. Not only are they a gr


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.
8.9
/10
Very Good
With a solid 8.9 out of 10 overall, 514 East 5th Street is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 514 East 5th 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 514 East 5th Street
Price·10A 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.
514 East 5th Street offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A 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.
514 East 5th Street goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, 514 East 5th Street receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
514 East 5th 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·8A 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.
Anyone looking for quality at a great value will find 514 East 5th Street to be an attractive option. Renters can also rely on this rental to provide them with accurate information they need to find the living experience they desire.
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.
514 East 5th 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.

514 East 5th Street is great for:

Social life

  • 3401 restaurants within 1 mile of this property
  • 663 theaters, music venues, or sports arenas nearby
  • Diverse age groups live in this area
  • Area has 224 parks and recreation options

Pet owners

  • 8 dog parks within 1 mile
  • 60 pet supply stores near the property
  • 10 pet grooming services nearby
  • 11 pet hospitals in the area

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 514 East 5th Street compares to other nearby properties.

Positives

More space
Studio is 200 sqft larger than other listings nearby
Middle school nearby
There is a middle school 0.1 mile away
Fireplace
Upgraded in-unit features
Images Available
There are at least 10 photos of this address

Considerations

No laundry facilities available
This property doesn't offer on-site or in-unit washers and dryers

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Rent trends in East Village

studio apartments at 514 East 5th Street cost about 30% less than the average rent price for studio apartments in East Village.

Median rents as of Nov 29 2025.
East Village
New York
A table of studio rental data trends in New York
MonthMedian Rent
December 2023$3,415
January 2024$3,400
February 2024$3,475
March 2024$3,493
April 2024$3,547
May 2024$3,546
June 2024$3,635
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
A table of studio rental data trends in East Village
MonthMedian Rent
December 2023$3,333
January 2024$3,312
February 2024$2,711
March 2024$2,666
April 2024$2,935
May 2024$2,997
June 2024$2,991
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

Affordability calculator

Can I afford to live at 514 East 5th Street?

Bedrooms

Studio

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

$115,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $115,000 annually to afford this studio monthly rent price of $2,875.
For more information on rent affordability, visit our rent calculator.

Schools near 514 East 5th Street

Earth School

600 e 6th st

new york, NY, 10009

PK, K-5Public
B-

P.S. 64 - Robert Simon

600 e 6th st

new york, NY, 10009

PK, K-5Public
C+

The Star Academy Ps 63

121 e 3rd st

new york, NY, 10009

PK, K-5Public
B-

Neighborhood School

121 e 3rd st

new york, NY, 10009

PK, K-5Public
B+

P.S. 20 - Anna Silver

166 essex st

new york, NY, 10002

PK, K-5Public
B-
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Neighborhood

East Village | New York, NY

NEIGHBORHOOD VIBE
Lively and energetic
You’ll be in the heart of the action in this bustling and vibrant area with plenty of shopping, nightlife, and culture.

Getting around New York near 514 East 5th Street

Walking

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

Driving

2/10
Driving may be a chore with traffic and minimal parking options.

Cycling

10/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 514 East 5th Street, New York

Groceries

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

Shopping

10/10
Exceptional variety of shops within a few minutes’ walk

Cafes

10/10
Exceptional variety of cafés within a few minutes’ walk

Restaurants

10/10
Exceptional variety of restaurants within a few minutes’ walk

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

10/10
At least one high school within a 5-minute walk

Parks

9/10
Exceptionally large amount of park space within a few minutes’ walk

Nightlife

10/10
Exceptional variety of bars right within a few minutes’ walk

Explore the area around 514 East 5th Street

Key Food
52 Avenue A
El Hasel Grocery
32 Avenue B
Union Market
240 E Houston St
Fine Fare Supermarkets
42 Avenue C
Punjabi Grocery & Deli
114 E 1st St

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