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516 East 5th Street features convenient amenities and private gardens, along with a keypad entry and intercom system. The property is highly rated for its vibrant social life, pet-friendliness, and fitness wellness opportunities, with numerous restaurants, theaters, dog parks, and grocery stores within close proximity. Additionally, residents can enjoy beautiful garden views in a bustling neighborhood that accommodates diverse age groups.
Things you’ll love
Middle school nearbyLess expensiveFireplaceGreat for
Wellness
Social life| 516 EAST 5TH STREET - STUDIO / 1 BATH | Studio | 1 bath | 200 sqft | $2,600 /mo | 1 unit available | 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 |
Services
| Recycling |
Neighborhood
| Citi Bike Station Nearby | Near 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 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
How 516 East 5th Street compares to other nearby properties.
Positives
Considerations
studio apartments at 516 East 5th Street cost about 37% less than the average rent price for studio apartments in East Village.
| Month | Median 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 |
| Month | Median 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 |
Can I afford to live at 516 East 5th Street?
Bedrooms
StudioRent-to-income ratio
30%
$104,000/yr
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East Village | New York, NY
East Village • 200 East 11th Street
Studio–5 Beds
$2,180–$32,460
Rego Park • 104-20 Queens Boulevard
Studio–3 Beds
$2,560–$4,788
East Harlem • 215 East 124th Street
2–4 Beds
$1,990–$5,440
Financial District • 63 Wall Street
Studio–2 Beds
$3,141–$5,565
4828 Tonnelle Avenue
Studio–2 Beds
$2,223–$4,186
Upper East Side • 200 E 87th St
Studio–1 Bed
$3,999–$5,250
East Village • 200 East 11th Street
Studio–5 Beds
$2,180–$32,460
Rego Park • 104-20 Queens Boulevard
Studio–3 Beds
$2,560–$4,788
East Harlem • 215 East 124th Street
2–4 Beds
$1,990–$5,440
Financial District • 63 Wall Street
Studio–2 Beds
$3,141–$5,565
4828 Tonnelle Avenue
Studio–2 Beds
$2,223–$4,186
Upper East Side • 200 E 87th St
Studio–1 Bed
$3,999–$5,250
