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Highlights

  • Pet Friendly
  • Keypad entry
  • Private gardens
  • Convenient amenities
  • Intercom
  • Garden views

Location

516 E 5th St, New York, NY 10009, USA|East Village
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Tour 516 East 5th Street

Contact

pmc-logo

Management

MetroNest

Leasing office

(844) 325-4840 ext. 3330

Open 

Monday 9:00 am–7:00 pm ET

Property Overview

516 East 5th Street is a well-rated property with strong marks for price, amenities, location, and trustworthiness, suggesting solid overall value and convenience. It offers keypad entry, intercom access, private gardens, and garden views, while nearby parks, restaurants, entertainment, and grocery options support an active, convenient lifestyle.

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

8.5
Very Good
With a solid 8.5 out of 10 overall, 516 East 5th Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 516 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

  • Middle school nearby
  • Fireplace
  • Images Available

Great for

  • Wellness
  • Social life

Floor plans

516 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATHStudio1 bath200 sqft$2,800 /mo1 unit available2 Room Studio / 1 Bath
516 EAST 5TH STREET - STUDIO / 1 BATHStudio1 bath200 sqft$2,850 /mo1 unit availableStudio / 1 Bath

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Amenities for 516 East 5th Street

Apartment Amenities

Air ConditioningDecorative Fireplace
DuplexFireplace
Furniture IncludedHardwood Floor
Multi Bedroom Shares/Co-LivingUpgraded Kitchen

Appliances

DishwasherMicrowave

Building

Cats OKControlled Access
Dogs OK

Grounds

Garden/PatioGate
Outdoor Space

Services

Recycling

Neighborhood

Citi Bike Station NearbyNear Tompkins Square Park
Neighborhood 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

Units19
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About 516 East 5th Street

HomeApartments in New YorkEast Village 516 East 5th Street

Located minutes from the shaded, leafy Tompkins Square Park and vibrant St. Marks Place, 516 East 5th Street is a convenient and affordable choice for an East Village apartment rental. This classic six-story building situated in the heart of the East Village features multi-bedroom shares and convenient amenities, including four-bedroom rental apartments, keypad entry, surveillance and an intercom. 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 have private gardens which provide a fantastic garden views for rear-facing East Village apartment rentals. The East Village is close to NYU -- which means that undergraduate and graduate students from around the globe will find the apartments at 516 E 5th street a good fit. Not only are they a great value, but the multi-bedroom and co-living shares are perfect for college students, young professionals and beginning families a


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.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, 516 East 5th Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 516 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 516 East 5th Street
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 East 5th Street 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·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.
516 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, 516 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.
516 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·7A 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 it may not have as many distinctive features as similar properties in the surrounding area, renters can trust 516 East 5th Street to provide reasonable accomodations and accurate details about its community.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

516 East 5th Street is great for:

Wellness

  • HVAC systems available onsite
  • Communal green spaces or garden
  • There are 241 grocery stores within 1 mile
  • 52 farmers markets or health food stores nearby

Social life

  • 3331 restaurants within 1 mile of this property
  • 670 theaters, music venues, or sports arenas nearby
  • Diverse age groups live in this area
  • Area has 198 parks and recreation options

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 East 5th Street compares to other nearby properties.

Positives

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 516 East 5th Street cost about 39% less than the average rent price for studios in East Village.

Median rents as of Jul 11 2026.
East Village
New York
A table of studio rental data trends in New York
MonthMedian Rent
July 2024$3,700
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
June 2026$3,867
July 2026$3,850
A table of studio rental data trends in East Village
MonthMedian Rent
July 2024$3,295
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
June 2026$4,438
July 2026$4,645

Affordability calculator

Can I afford to live at 516 E 5th St?

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

$113,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $113,000 annually to afford this studio median monthly rent price of $2,825.
For more information on rent affordability, visit our rent calculator.

Schools near 516 East 5th Street

P.S. 64 - Robert Simon

600 e 6th st

new york, NY, 10009

PK, K-5Public
C+

Earth School

600 e 6th st

new york, NY, 10009

PK, K-5Public
B-

Neighborhood School

121 e 3rd st

new york, NY, 10009

PK, K-5Public
B+

The Star Academy Ps 63

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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Internet available near 516 East 5th Street

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 516 E 5th St

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 516 E 5th St, New York

Groceries

10/10
Exceptional variety of groceries within a few minutes' 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 516 E 5th St

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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