Updated 6 Hours Ago
Location
740 W 5th St, Marion, IN 46953, USA
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Property Overview
740 West 5th Street receives a strong overall rating of 8.1, with especially high marks for price and location, plus solid scores for amenities and trustworthiness. It offers competitive value and convenient access to nearby points of interest and transportation, while the nearby top-rated elementary school adds another practical advantage.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby
Floor plans
| 0BR/1.0BA | Studio | 1 bath | 553 sqft | $625 /mo | 1 unit available | Welcome to your new home in the heart of Marion, IN! This beautifully designed studio apartment offers a perfect combination of modern style, comfort, and convenience. Featuring sleek luxury vinyl plank flooring throughout, the apartment has a clean, contemporary feel that’s both stylish and easy to maintain. A private entrance provides added privacy and convenience, while the thoughtfully designed layout includes a full bathroom and everything you need for comfortable living. Enjoy the added convenience of off-street parking, making coming and going easy and stress-free. If you’re looking for a well-maintained, modern studio in a convenient Marion location, this apartment is a great place to call home. Schedule a tour today and experience the comfort and convenience for yourself! |
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Amenities for 740 West 5th Street
Apartment Amenities
| Luxury Vinyl Plank Flooring | Private Entry |
Grounds
| Off-Street Parking |
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
Building details
Property details
| Units | 4 |
|---|
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About 740 West 5th Street
Welcome to your new home in the heart of Marion, IN! This beautifully designed studio apartment offers a perfect combination of modern style, comfort, and convenience. Featuring sleek luxury vinyl plank flooring throughout, the apartment has a clean, contemporary feel that’s both stylish and easy to maintain. A private entrance provides added privacy and convenience, while the thoughtfully designed layout includes a full bathroom and everything you need for comfortable living. Enjoy the added convenience of off-street parking, making coming and going easy and stress-free. If you’re looking for a well-maintained, modern studio in a convenient Marion location, this apartment is a great place to call home. Schedule a tour today and experience the comfort and convenience for yourself!
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.
8.1
/10
Very GoodWith a solid 8.1 out of 10 overall, 740 West 5th Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 740 West 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.
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.
740 West 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·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, 740 West 5th Street 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.
740 West 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·6A 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 740 West 5th Street does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
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.
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 740 West 5th Street compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 1 mile away
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Rent trends in Marion
studio apartments at 740 West 5th Street cost about 66% less than the average rent price for studio apartments in Marion.
Median rents as of Sep 12 2026.
Marion
| Month | Median Rent |
|---|---|
| November 2024 | $550 |
| December 2025 | $561 |
| January 2026 | $549 |
| February 2026 | $549 |
| March 2026 | $538 |
| April 2026 | $460 |
| May 2026 | $527 |
| June 2026 | $595 |
| July 2026 | $890 |
| August 2026 | $2,270 |
| September 2026 | $1,194 |
Affordability calculator
Can I afford to live at 740 W 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
$25,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $25,000 annually to afford this studio monthly rent price of $625.
For more information on rent affordability, visit our rent calculator.
Schools near 740 West 5th Street
Riverview Elementary School
513 w buckingham dr
marion, IN, 46952
PK, K-4Public
B-
Virtual Preparatory Academy of Indiana at Madison-Grant K-5
11580 s e 00 w
fairmount, IN, 46928
K-5Public
C
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Internet available near 740 West 5th Street
Getting around Marion near 740 W 5th St
Walking
4/10
Some shops and stores are within a few minutes.
Driving
6/10
This area is close to freeways and has adequate parking options.
Cycling
3/10
This is semi-bikeable, but you’ll need another way of getting around.
Points of interest for 740 W 5th St, Marion
Groceries
6/10
Variety of groceries within a short drive
Shopping
5/10
Variety of shops within a short drive
Cafes
3/10
Some cafés within a short drive
Restaurants
6/10
Variety of restaurants within a short drive
Primary schools
3/10
At least one elementary school within a 30-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Nightlife
6/10
Variety of bars within a short drive
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