| Date | May 21 | Total matches | 2 |
| Men's matches | 2 | Women's matches | 0 |
| Singles matches | 1 | Tag Team matches | 1 |
This episode of Ring of Honor 505 took place on May 21, 2021 and featured 2 matches on the card. All of the matches ended by pinfall, submission, or the rules stipulated by the match. Only one championship, the World Tag Team Championship, was defended on the card.
The matches featured 6 wrestlers and 2 tag teams, highlighted by Rhett Titus, Tracy Williams, Fred Yehi, Mike Bennett, Matt Taven and Rocky Romero.
| Men's Tag Team World Tag Team Championship |
2-0 (Last 5: 2-0) Win Probability: 43.0% Champions |
2-1 (Last 5: 2-1) Win Probability: 57.0% |
| Men's Singles Pure Rules Match |
2-1 (Overall: 2-2, Last 5: 2-2) Win Probability: 46.3% |
1-1 (Overall: 1-1, Last 5: 1-1) Win Probability: 53.7% |