13 Hours Ago
Highlights
Pet Friendly
- Keypad entry
- Private gardens
- Convenient amenities
- Intercom
- Garden views
Location
516 E 5th St, New York, NY 10009, USA|East Village
Hi! Let’s figure out if this property is right for you.
Powered by Zumper AI
Nearby rentals
Renter hub
Property management
Apartments for rent New YorkApartments for rent Financial DistrictApartments for rent Upper West SideApartments for rent Hell's KitchenApartments for rent ChelseaApartments for rent Upper East SideApartments for rent East VillageApartments for rent Midtown EastApartments for rent West VillageApartments for rent Lower East SideApartments for rent Battery Park CityApartments for rent Murray HillApartments for rent Downtown BrooklynApartments for rent WilliamsburgApartments for rent TribecaApartments Near Me
Houses for rent New YorkHouses for rent Financial DistrictHouses for rent ChelseaHouses for rent Upper East SideHouses for rent Lower East SideHouses for rent Hell's KitchenHouses for rent Murray HillHouses for rent Theater DistrictHouses for rent Long Island CityHouses for rent West VillageHouses for rent East VillageHouses for rent RiverdaleHouses for rent Kips BayHouses for rent East HarlemHouses for rent Sheepshead BayHouses for rent near me
Property Overview
516 East 5th Street scores a solid overall rating of 7.5 out of 10 from Zumper, reflecting its desirable features such as keypad entry, private gardens, and comprehensive amenities. With high location and amenities ratings of 9 out of 10, it offers exceptional access to local attractions and conveniences, while also supporting an active lifestyle with numerous dining, fitness, and pet-friendly options nearby. The property is well-documented and transparent, ensuring potential renters can expect a reliable living experience.
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.
Things you’ll love
Middle school nearby- Fireplace
- Images Available
Great for
Wellness
Pet owners
Social life
Floor plans
| 516 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATH | Studio | 1 bath | 200 sqft | $2,675 /mo | 1 unit available | 2 Room Studio / 1 Bath | |
| 516 EAST 5TH STREET - STUDIO / 1 BATH | Studio | 1 bath | 200 sqft | $2,750 /mo | Studio / 1 Bath |
Let's explore this property.
Amenities for 516 East 5th Street
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 |
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
Dog policy
| Allowed | |
|---|---|
| Limit | 2 |
Cat policy
| Allowed | |
|---|---|
| Limit | 2 |
We may ask to interview your pet during the approval process | Restrictions: Pets not allowed in furnished rentals
Required one-time fees
| Security Deposit | $0 |
|---|---|
| Security Deposit. Refundable amount: 100% | |
Building details
Property details
| Units | 19 |
|---|
Advertisement
About 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.
7.5
/10
Very Good516 East 5th Street is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Price, but it offers a satisfying, above-average quality of life.
Price·6A 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 is priced lower than the median price per bedroom for the area. While it may be more affordable, there may also be trade-offs in terms of amenities or quality compared to similar listings nearby. It caters to those seeking cost savings, albeit with some compromises.
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·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.
516 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.
516 East 5th Street is great for:
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
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in East Village
Studio apartments at 516 East 5th Street cost about 22% less than the average rent price for studios in East Village.
Median rents as of Sep 13 2025.
East Village
New York
| Month | Median Rent |
|---|---|
| September 2023 | $3,540 |
| October 2023 | $3,546 |
| November 2023 | $3,498 |
| December 2023 | $3,429 |
| 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 | $3,800 |
| Month | Median Rent |
|---|---|
| September 2023 | $3,375 |
| October 2023 | $3,356 |
| November 2023 | $3,337 |
| December 2023 | $3,320 |
| 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 |
Affordability calculator
Can I afford to live at 516 E 5th St?
Bedrooms
StudioRent-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
$108,500/yr
With your selected rent-to-income ratio, you'd ideally want to make $108,500 annually to afford this studio median monthly rent price of $2,712.
For more information on rent affordability, visit our rent calculator.
Schools near 516 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-
Advertisement
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
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 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
Fashion 1st Inc
536 E 6th St
Justin Reed
252 E 2nd St
Angelo Lambrou
96 E 7th St
Trash and Vaudeville
96 E 7th St
Friends Up North Corp
703 E 6th St
787 Coffee
131 E 7th St
Dunkin'
250 E Houston St
Starbucks
125 Saint Marks Pl
Pause Cafe
3 Clinton St
Kosmic Community Anti Bar
115 Avenue C
Ace Bar
531 E 5th St
Bibi
211 E 4th St
Joey Bats Cafe
50 Avenue B
Josie's Bar
520 E 6th St
Book Club Bar LLC
197 E 3rd St
Health Vibe Health & Healing Inc
138 E 3rd St
Rossy's Bakery & Cafe
242 E 3rd St
Tompkins Scuare Partners LLC
125 E 7th St
Butter Lane Cupcakes
123 E 7th St
Puebla Mexican Food & Coffee Shop
47 1st Ave
McKinley Playground
Tompkins Square Park
ABC Playground
Hamilton Fish Park
Nathan Straus Playground
Minca
536 E 5th St
Tuome
536 E 5th St
Lavagna Restaurant
545 E 5th St
Van Da
234 E 4th St
Turntable
58 Avenue B
Av A / E 5 St
Lower East Side - Abingdon Sq
Av A / E 5 St
Lower East Side - Abingdon Sq
E Houston St / Av B
Lower East Side - West Village, Battery Park City - Kips Bay
Av A / E Houston St
Lower East Side - Abingdon Sq
Av C / E 6 St
Battery Park City - Kips Bay
Long Island City
Montauk Branch, Oyster Bay Branch, Port Jefferson Branch
Long Island City
Montauk Branch, Montauk Branch, Port Jefferson Branch, Oyster Bay Branch, Port Jefferson Branch, Oyster Bay Branch
NEW YORK PENN STATION
Montclair-Boonton Line, Morris & Essex Line, Gladstone Branch, Northeast Corridor, North Jersey Coast Line, North Jersey Coast Line, Raritan Valley Line
Penn Station
Babylon Branch, City Terminal Zone, Far Rockaway Branch, Hempstead Branch, Long Beach Branch, Montauk Branch, Oyster Bay Branch, Port Jefferson Branch, Port Washington Branch, Ronkonkoma Branch, West Hempstead Branch
Penn Station
West Hempstead Branch, Port Washington Branch, Long Beach Branch, Hempstead Branch, Oyster Bay Branch, Port Jefferson Branch, Far Rockaway Branch, West Hempstead Branch, Ronkonkoma Branch, Babylon Branch, Port Washington Branch, Far Rockaway Branch, Ronkonkoma Branch, Montauk Branch, Long Beach Branch, Hempstead Branch, City Terminal Zone, Montauk Branch, Babylon Branch, Port Jefferson Branch, Oyster Bay Branch
2 Av
Queens Blvd Express/ 6 Av Local, Brooklyn F Express, Queens Blvd Express/ 6 Av Local, Brooklyn F Express
Delancey St-Essex St
Nassau St Local, Queens Blvd Local/6 Av Local, Nassau St Express, Nassau St Local, Queens Blvd Local/6 Av Local, Nassau St Express
Delancey St-Essex St
Queens Blvd Express/ 6 Av Local, Brooklyn F Express, Queens Blvd Express/ 6 Av Local, Brooklyn F Express
1 Av
14 St-Canarsie Local, 14 St-Canarsie Local
Astor Pl
Lexington Avenue Express, Lexington Avenue Local, Pelham Bay Park Express, Lexington Avenue Express, Lexington Avenue Local, Pelham Bay Park Express
Compare similar properties nearby
Parker Towers
Our team has verified this companyRego Park • 10420 Queens Blvd
Studio–1 Bed
$2,631–$3,569
- dogs and cats ok
- dishwasher
- on-site laundry
Blueground New York
Our team has verified this companyKips Bay • 141 E 33rd St
Studio–1 Bed
$2,300–$3,560
- dogs and cats ok
- dishwasher
- on-site laundry
- dogs and cats ok
- dishwasher
- on-site laundry
- dogs and cats ok
- dishwasher
- on-site laundry
- dogs and cats ok
- dishwasher
- on-site laundry
- dogs and cats ok
- dishwasher
- on-site laundry
- dogs and cats ok
- dishwasher
- on-site laundry
The Brooklyner
Our team has verified this companyDowntown Brooklyn • 111 Lawrence St
Studio
$3,250–$3,710
- dogs and cats ok
- dishwasher
- on-site laundry
Parker Towers
Our team has verified this companyRego Park • 10420 Queens Blvd
Studio–1 Bed
$2,631–$3,569
- dogs and cats ok
- dishwasher
- on-site laundry
Blueground New York
Our team has verified this companyKips Bay • 141 E 33rd St
Studio–1 Bed
$2,300–$3,560
- dogs and cats ok
- dishwasher
- on-site laundry
- dogs and cats ok
- dishwasher
- on-site laundry
- dogs and cats ok
- dishwasher
- on-site laundry
- dogs and cats ok
- dishwasher
- on-site laundry
- dogs and cats ok
- dishwasher
- on-site laundry
- dogs and cats ok
- dishwasher
- on-site laundry
The Brooklyner
Our team has verified this companyDowntown Brooklyn • 111 Lawrence St
Studio
$3,250–$3,710
- dogs and cats ok
- dishwasher
- on-site laundry