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Updated 3 hours ago

516 E 5th


516 E 5th St Chattanooga, TN

Studio
•
1 Bath

350 Sq. Ft.

Available starting Sep. 1st
Floor plans
Studio • 1 Bath
$850
350 ft2
1 Available
Managed By: Chattanooga Neighborhood Enterprise, Inc.
Unit 4
$850
Available Sep 1st, 2026
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Where you'll live
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516 E 5th
516 E 5th
516 E 5th
Location ratings
Walk Score®
82
Very Walkable
Transit Score®
46
Some Transit
Bike Score®
72
Very Bikeable
Amenities
On-site Laundry
Storage
Disability Access
Refrigerator
Garbage Disposal
Trash Removal Included
Public Transportation
Water Included
Range / Oven
Microwave
High-speed Internet
Smoke-free Community
Fees & leasing info
Pets
Cats Ok
Parking
Garage - Attached
Lease & Fees
Security Deposit: $500
Property details
Description

INCOME RESTRICTED Convenient Downtown Living in Charming Apartments - Are you looking for a hip downtown apartment within walking distance of UTC, great restaurants, and local attractions? Whether you work at Unum, Erlanger, or TVA, this apartment is the perfect spot! Newly renovated, these apartments are energy efficient with equipped kitchens and nice windows that let the sun right in.
Apartments located at 516, 518 & 522 E. Fifth Street. Please note that the apartment shown above may not be the apartment available.
This unit is income restricted, you cannot be a full time student/ must meet income restricted criteria to qualify.
Please email rent@cneinc.org to verify your income.
No Dogs Allowed
(RLNE3496913)

Additional Details
Total Unit Count: 8
Last Updated: Updated 3 hours ago
Contact Number: (423) 756-6284
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Electric Power Board 10000.0 10000.0
Comcast Corporation 987.0 35.0
ViaSat, Inc. 100.0 3.0
Hughes Network Systems, LLC 25.0 3.0
AT&T Inc. 18.0 0.768
Data from June 2020 provided by the FCC
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Photos Floor Plans Amenities
Renters Also Viewed
$850
522 E 5th
522 E 5th St Chattanooga, TN
Studio | Sep. 1, 2026
0.0 miles away
$1,025
8th Street Apartments
324 E 8th St Chattanooga, TN
Studio | Available Now
0.3 miles away
$959
Eight59 Flats - Downtown Chattanooga
859 Mccallie Ave Chattanooga, TN
Studio | Aug. 28, 2026
0.7 miles away
$1,298 - $1,675
West 6th Apartments
302 W 6th St Chattanooga, TN
Studio | Available Now
0.6 miles away
$1,050 - $1,250
The Fleetwood Building
232 E 11th St Chattanooga, TN
Studio | Available Now
0.6 miles away
$1,250 - $1,350
Tomorrow Building At Somer Station
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 516 E 5th by bedroom type below.
Studio
Suggested income:
$30,600
per year
Rent report

516 E 5th Rent vs. Chattanooga Average

 516 E 5th      Chattanooga Average
Studio
$850
$1,207
$0
$400
$800
$1,200
$1,600

516 E 5th is asking 30% less than the average studio apartment in Chattanooga.

If you upsized to an average priced Chattanooga 1 bedroom apartment, you would pay 3% more per month.

516 E 5th provides 26% less square footage than the average Chattanooga studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
516 E 5th
Studio $850 $2.40 $2,550
Chattanooga Average
Studio $1,207 $2.50 $3,620
1BR $1,243 $1.70 $3,729
2BR $1,360 $1.30 $4,079
3BR $1,884 $1.40 $5,652
4BR $2,391 $1.30 $7,173

Availability in Chattanooga

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 439 2BR units on the market in Chattanooga. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
5% 35% 44% 13% 4%
Available Units in Chattanooga
Studio 49
1BR 355
2BR 439
3BR 127
4BR 39
Location
Nearby Colleges

The University of Tennessee at Chattanooga

Chattanooga State Community College

FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in on September 01, 2026.
What's the square footage of the available units?
It's 350 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats.
How many bedrooms are in the available units?
There are studio units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
516 E 5th has a studio unit starting at $850.
Where is this property located?
This property is at 516 E 5th St in Chattanooga, TN. It's 0.7 miles north from the center of Chattanooga.
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