The game's graphics received a mediocre response, with GameSpot commenting that the presentation is "starting to seem a bit antiquated" when noting that the character models did not seem to have been updated from "Mario Party 4". Despite this, IGN commented that "Mario Party 5" "isn't a bad looking game", noting the level of detail and variety given to the game's board game's and maps. GameSpot noted that the game's audio did fit the game, although they commented that it "is largely recycled from "Mario Party 4"". IGN criticized the "cheesy" and unadventurous soundtrack, as well as a lack of voice acting. The game won the Console Children's Award at the 2004 Interactive Achievement Awards.