17 Hours Ago
Highlights
- On-site laundry
- Spacious living
- Pet friendly
- Hardwood & tile flooring
Location
516 5th St Se, Minneapolis, MN 55414, USA|Marcy - Holmes
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Property Overview
516 5th St SE is a highly-rated property, earning an overall Zumper Expert Rating of 8.3 out of 10, highlighting its competitive pricing and strong array of amenities, including on-site laundry and pet-friendly features. Its location rates 9 out of 10, offering residents excellent access to transit and a vibrant social life with 223 nearby restaurants. Additionally, this verified property is recognized for its transparency and quality, making it an appealing choice for those seeking a dynamic 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.
Things you’ll love
Elementary school nearby- Less expensive
Great for
Social life
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | $1,150–$1,350 /mo | 7 units available | A spacious apartment with 2 bed & 1 bathroom located in Marcy-Holmes for Sept 1st, 2025 move in Amenities include: Spacious living, close to public transportation/bus lines, hardwood & tile flooring, on-site Laundry, pet friendly Tenant pays for electricity Date available: Sept 1st, 2025 Rent: $1150/month LEASING SPECIAL: No application fee 1/2 off deposit Pet friendly: no pet rent & no pet deposit Contact Thomas for more information: **** | ||
| 3BR/1.0BA | 3 bed | 1 bath | $1,650 /mo | 1 unit available | A spacious apartment with 3 bed & 1 bathroom located in Marcy-Holmes for Sept 1st, 2026 move in Amenities include: Spacious living, close to public transportation/bus lines, hardwood & tile flooring, on-site Laundry, pet friendly Tenant pays for electricity Date available: Sept 1st, 2026 Rent: $1650/month LEASING SPECIAL: No application fee 1/2 off deposit Pet friendly: no pet rent & no pet deposit Contact Joe Laughery for more information: **** 612-499-2528 |
Let's explore this property.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 11 |
|---|
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About 516 5th St SE
A spacious apartment with 2 bed & 1 bathroom located in Marcy-Holmes for Sept 1st, 2025 move in Amenities include: Spacious living, close to public transportation/bus lines, hardwood & tile flooring, on-site Laundry, pet friendly Tenant pays for electricity Date available: Sept 1st, 2025 Rent: $1150/month LEASING SPECIAL: No application fee 1/2 off deposit Pet friendly: no pet rent & no pet deposit Contact Thomas for more information: ****
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.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, 516 5th St SE is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 516 5th St SE has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.
Price·8A 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.
Scoring a 8/10, 516 5th St SE is a great option for renters looking for apartments in Marcy - Holmes. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·8A 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.
With multiple in-demand amenities, 516 5th St SE is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
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 5th St SE 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·9A 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.
516 5th St SE has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
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 5th St SE 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 5th St SE 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 5th St SE compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.1 mile away
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
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Rent trends in Marcy - Holmes
If you decide to upgrade your space, you can expect 2-bedrooms at 516 5th St SE to be 37% less than the average for similarly sized apartments in Marcy - Holmes.
3-bedroom apartments at 516 5th St SE cost about 8% less than the average rent price for 3-bedroom apartments in Marcy - Holmes.
Median rents as of Dec 6 2025.
Marcy - Holmes
Minneapolis
| Month | Median Rent |
|---|---|
| December 2023 | $1,007 |
| January 2024 | $964 |
| February 2024 | $925 |
| March 2024 | $1,016 |
| April 2024 | $1,024 |
| May 2024 | $1,097 |
| June 2024 | $1,041 |
| July 2024 | $1,031 |
| August 2024 | $1,083 |
| September 2024 | $1,070 |
| October 2024 | $1,041 |
| November 2024 | $1,025 |
| December 2024 | $1,015 |
| January 2025 | $993 |
| February 2025 | $1,001 |
| March 2025 | $1,006 |
| April 2025 | $978 |
| May 2025 | $967 |
| June 2025 | $1,014 |
| July 2025 | $982 |
| August 2025 | $1,033 |
| September 2025 | $1,019 |
| October 2025 | $993 |
| November 2025 | $988 |
| December 2025 | $1,100 |
| Month | Median Rent |
|---|---|
| December 2023 | $1,200 |
| January 2024 | $1,150 |
| February 2024 | $1,047 |
| March 2024 | $1,062 |
| April 2024 | $1,148 |
| May 2024 | $1,295 |
| June 2024 | $1,229 |
| July 2024 | $1,201 |
| August 2024 | $1,268 |
| September 2024 | $1,238 |
| October 2024 | $1,107 |
| November 2024 | $1,295 |
| December 2024 | $1,314 |
| January 2025 | $1,355 |
| February 2025 | $1,219 |
| March 2025 | $1,371 |
| April 2025 | $1,327 |
| May 2025 | $1,330 |
| June 2025 | $1,324 |
| July 2025 | $1,395 |
| August 2025 | $1,352 |
| September 2025 | $1,205 |
| October 2025 | $1,123 |
| November 2025 | $1,176 |
| December 2025 | $1,199 |
Affordability calculator
Can I afford to live at 516 5th St Se?
Bedrooms
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
$46,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $46,000 annually to afford this 2-bedrooms monthly rent price of $1,150.
For more information on rent affordability, visit our rent calculator.
Schools near 516 5th St SE
MPS Metro HA
932 e. 34th st.
minneapolis, MN, 55407
K-12Public
River Bend Educational Center
1510 glenwood ave s
minneapolis, MN, 55405
K-12Public
Early Childhood Special Education
3320 elliot ave s
minneapolis, MN, 55407
PK, KPublic
B+
MPS Metro SJ
932 east 34th st
minneapolis, MN, 55407
K-12Public
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Internet available near 516 5th St SE
Neighborhood
Marcy - Holmes | Minneapolis, MN
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Minneapolis near 516 5th St Se
Walking
8/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 516 5th St Se, Minneapolis
Groceries
8/10
The nearest general grocery store is within a 10-minute walk, and there are also some specialist food stores nearby.
Shopping
7/10
Several fashion stores are within a short walk.
Cafes
6/10
Several cafés are within a short walk.
Restaurants
7/10
A variety of restaurants are within a short walk.
Primary schools
10/10
At least one elementary school within a 5-minute walk.
High schools
6/10
The closest high school is within a 10-to-15-minute walk.
Parks
10/10
A large park in the area.
Nightlife
6/10
Several bars are within a short walk.
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