Zumper
modified
Updated 5+ Days Ago

Highlights

  • Off-street parking
  • Private entrance
  • Modern style
  • Sleek luxury vinyl plank flooring
  • Thoughtfully designed layout

Location

740 W 5th St, Marion, IN 46953, USA
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Tour 740 West 5th Street

Contact

Management

Innovation Management Group

Leasing office

(765) 588-1575

Property Overview

740 West 5th Street earns a strong overall impression with an 8.4 Zumper Expert Rating, highlighted by excellent value, a high location score, solid amenities, and good trustworthiness. Its off-street parking, private entrance, modern style, sleek luxury vinyl plank flooring, and thoughtfully designed layout add to its appeal, while the nearby top-rated elementary school is about 1.04 miles away.

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.

Zumper Expert Rating

8.4
Very Good
With a solid 8.4 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.

Things you’ll love

  • Elementary school nearby

Floor plans

0BR/1.0BAStudio1 bath553 sqft$625 /mo1 unit availableRENT SPECIAL: $250 OFF FIRST MONTH RENT 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!

Let's explore this property.

Amenities for 740 West 5th Street

Apartment Amenities

Luxury Vinyl Plank FlooringPrivate 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

Units4

About 740 West 5th Street

HomeApartments in Marion 740 West 5th Street

RENT SPECIAL: $250 OFF FIRST MONTH RENT 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.
8.4
/10
Very Good
With a solid 8.4 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.
How we rated 740 West 5th Street
Price·10A 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 offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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 1.0 miles away

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Rent trends in Marion

studio apartments at 740 West 5th Street cost about the same as the average rent price for studio apartments in Marion.

Median rents as of Sep 26 2026.
Marion
A table of studio rental data trends in Marion
MonthMedian 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$1,206

Affordability calculator

Can I afford to live at 740 W 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

$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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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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