Trolley
1 Bedroom • 1 Bath • 683 Sq Ft
Starting at $1,130/mo
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Elevate on 5th
$1,130 – $2,048/mo
- 1–2 bedrooms
- 1–2 baths
- 683–1,163 sq ft
- 25 units available
- Pet friendly
As of October 13, 2026, Elevate on 5th in Salt Lake City, UT has 25 apartments for rent from $1,130 to $2,048/mo. One-bedrooms start at $1,130 and two-bedrooms at $1,673. The average asking rent has fallen 12.6% since March 25, 2026, from $1,761 to $1,540.
Floor plans
Elevate on 5th has 25 units available across 6 floor plans: a one-bedroom layout (683 sq ft) and 5 two-bedroom layouts (985–1,163 sq ft). Prices checked October 13, 2026.
Skyline
2 Bedrooms • 2 Baths • 1,004 Sq Ft
Starting at $1,673/mo
Wasatch I
2 Bedrooms • 2 Baths • 985 Sq Ft
Starting at $1,723/mo
Cornerstone
2 Bedrooms • 2 Baths • 985 Sq Ft
Starting at $1,743/mo
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 622 | $1,743 | 985 | Apr 24 |
Cityscape
2 Bedrooms • 2 Baths • 1,117 Sq Ft
Starting at $1,938/mo
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 336 | $1,938 | 1,117 | Sep 8 |
Solitude
2 Bedrooms • 2 Baths • 1,163 Sq Ft
Starting at $2,048/mo
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 401 | $2,048 | 1,163 | Nov 7 |
See all 239 units listed at Elevate on 5th, including ones no longer available.
Cost to rent here
At Elevate on 5th, a one-bedroom starts at about $1,590 a month all-in: $1,130 rent, $331 in listed fees, and an estimated $129 for electric and gas, internet, and renters insurance. A two-bedroom starts at about $2,155.
All-in from$1,590/mo
Estimates are local averages, not quotes from the property.
Can you afford it?
Most landlords ask for a monthly income of about 3× the rent, so qualifying at Elevate on 5th takes about $40,680 a year for a one-bedroom and $60,228 for a two-bedroom. Keeping the $1,590 all-in month for a one-bedroom within 35% of take-home pay takes an income of about $69,500 a year.
Total monthly housing cost
$1,590/mo
Income to afford it comfortably
$69,500/yr
Income to qualify
$40,680/yr
Your estimated budget
$ —/mo
See what you can afford here
Add your income and debts for a rent budget at this building.
Rent history
Over the past year, the average asking rent at Elevate on 5th has ranged from $1,361 to $1,802. The current average is $1,540, down $222 (12.6%) from $1,761 at the start.
Prices reflect the average advertised rent across units listed as available each day (157 days observed).
Fees & lease terms
At Elevate on 5th, the security deposit is $500. The listing shows $330.81 a month in fees (parking garage $65, common area maintenance $60, parking covered $55, and 7 more) and $1,784 due at signing (intra-community transfer fee $500, security deposit $500, pet fee $300, and 5 more).
Rent
$1,130 – $2,048/moSecurity deposit
$500Earliest move-in
Apr 24
Monthly fees
Common Area Maintenance | $60/mo |
Parking - Covered | $55/mo |
Parking - Garage | $65/mo |
Pest Control Services | $3/mo |
Pet Rent | $45/mo |
Renters Liability/Content - Property Program | $16/mo |
Renters Liability Only - Non-Compliance | $10.75/mo |
Storage Space Rental | $45/mo |
Trash Services - Doorstep | $25/mo |
Utility - Billing Administrative Fee | $6.06/mo |
Due at signing
Administrative Fee | $299 |
Application Fee | $45 |
Intra-Community Transfer Fee | $500 |
Pet Deposit (Refundable) | $100 |
Pet Fee | $300 |
Security Deposit (Refundable) | $500 |
Utility - Final Bill Fee | $20 |
Utility - New Account Fee | $20 |
Amenities
Elevate on 5th is pet friendly and has garage or covered parking and in-unit washers and dryers. It lists 10 amenities, including fitness center, patio/balcony, and dishwasher.
Air Conditioning
Dishwasher
Fitness Center
Garage Parking
Gated Access
Patio/Balcony
Pet Friendly
Smoke Free
Walk-In Closets
Washer/Dryer
Amenity photos
- Pool
Location
343 S 500 E, Salt Lake City, UT, 84102
Resident reviews
3.2
Overall rating
Positive
Mixed
Neutral
Negative
Management5.0
Location5.0
Amenities and Shared Spaces5.0
Building Quality5.0
Maintenance5.0
Overall25 reviews
Resident experiences at this property are highly polarized. Positive reviews highlight the downtown location, maintenance responsiveness, modern amenities (gym, e-lounge), and competitive pricing for the area. However, negative reviews consistently report serious concerns including inadequate security (broken key systems, theft, vehicle damage), unreliable building systems (frequent elevator outages), unresponsive management communication, unclear fees and billing errors, and persistent noise from a transient resident population. Security and access control issues appear most frequently across complaints.
Management responsiveness and professionalism are inconsistent across this property. While maintenance staff consistently receive praise for promptness and professionalism, office and leasing staff experiences vary significantly—some residents report friendly, helpful interactions during the application and move-in process, while others describe communication breakdowns, billing errors, unresponsive phone lines, and unclear fee disclosures. Documentation and written communication are frequently cited as necessary precautions.
Residents consistently praise the property's downtown location with excellent walkability to stores, restaurants, and entertainment venues. The location offers convenient access to nearby amenities and multiple parking options, including underground parking at $30-75/month. However, location benefits are frequently offset by concerns about security, maintenance of common areas, and noise from the surrounding neighborhood and building design.
Residents consistently praise the property's amenities, including a well-maintained gym, e-lounge, and pet-friendly policy. However, shared spaces and common-area upkeep present significant concerns, with recurring reports of trash room maintenance issues, elevator downtime, and inadequate security in parking areas and package storage. Maintenance staff receive positive feedback for responsiveness, though management coordination on facility repairs and security protocols appears inconsistent.
Residents report mixed experiences with building quality. Positive feedback highlights spacious units, quality construction, responsive maintenance staff, and effective noise isolation in some areas. However, multiple reviews cite persistent issues including elevator breakdowns, noise transmission from balconies and hallways, aging carpet and appliances, and security system failures allowing unauthorized access to common areas.
Maintenance staff consistently receive positive feedback for professionalism, responsiveness, and follow-through on repair requests. Residents report same-day or rapid resolution of maintenance issues, with staff described as polite, helpful, and attentive to work orders. The property's maintenance operations appear reliable and resident-focused based on available feedback.
Getting around
Elevate on 5th is very walkable and very bikeable, and transit is limited.
- Walking
- Very walkable
- Grade A
- Transit
- Limited
- Grade D
- Biking
- Very bikeable
- Grade A
Climate and air quality
Air quality near Elevate on 5th was good on 74 of the past 365 days, and at its worst in August (average AQI 67, moderate). Daily highs averaged 97°F in July, the warmest month, and lows averaged 25°F in January, the coldest.
Air quality
74 good-air days
of the past 365: Good, AQI 27
Temperature
97° / 25°
average July high / January low: 50° high, 45° low
Pollen
Low
Oct 13–17 forecastTree: none, grass: none, weed: low
| Month | Average high | Average low | Average AQI | Good-air days |
|---|---|---|---|---|
| January | 41°F | 25°F | 63 (moderate) | 7 of 31 |
| February | 50°F | 30°F | 58 (moderate) | 5 of 28 |
| March | 64°F | 41°F | 61 (moderate) | 3 of 31 |
| April | 61°F | 37°F | 61 (moderate) | 5 of 30 |
| May | 75°F | 50°F | 62 (moderate) | 3 of 31 |
| June | 86°F | 60°F | 58 (moderate) | 5 of 30 |
| July | 97°F | 70°F | 58 (moderate) | 5 of 31 |
| August | 93°F | 67°F | 67 (moderate) | 9 of 31 |
| September | 81°F | 58°F | 55 (moderate) | 7 of 30 |
| October | 67°F | 46°F | 55 (moderate) | 8 of 31 |
| November | 56°F | 38°F | 62 (moderate) | 3 of 30 |
| December | 47°F | 33°F | 51 (moderate) | 14 of 31 |
About this property
Elevate on 5th is a 239-unit building in Salt Lake City, UT.
At Elevate on 5th Apartments, we know the value of our location. As an exciting and bustling city, it's not difficult to see why people are falling in love with Salt Lake City. You'll certainly love your home in Salt Lake City, with plenty of access to amenities and entertainment. Stay in shape with our expansive fitness center, or relax in our resort-inspired spa. You'll love staying home in Elevate on 5th Apartments!
Building
Apartment · Mid-RiseTotal units
239
Nearby schools
The closest school to Elevate on 5th is Ihc Child Development Center, a private elementary school 0.1 miles away. The closest public school is M Lynn Bennion School, 0.5 miles away.
| School | Type | Level | Distance |
|---|---|---|---|
Ihc Child Development Center Private · Elementary | Private | Elementary | 0.1 mi |
City Academy Charter · High | Charter | High | 0.3 mi |
Pinyon Montessori Oosle · Middle | Oosle | Middle | 0.4 mi |
M Lynn Bennion School Public · Elementary | Public | Elementary | 0.5 mi |
Kiwanis Felt Child Care Private · Preschool | Private | Preschool | 0.6 mi |
Salt Lake Center for Science Education Bryant Public · Middle | Public | Middle | 0.6 mi |
St Paul's Pre-School Private · Elementary | Private | Elementary | 0.7 mi |
Katalina Vaenuku Day Care Private · Preschool | Private | Preschool | 0.8 mi |
Our Lady Of Lourdes School Private · Middle | Private | Middle | 1.0 mi |
Judge Memorial Catholic High School Private · High | Private | High | 1.0 mi |
Contact & management
Elevate on 5th is managed by Greystar. The leasing office's phone number is 801-539-1500.
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