The metatarsal bones, or metatarsus are a group of five long bones in the foot, located between the tarsal bones of the hind-and mid-foot and the phalanges of the toes.he base of each metatarsal bone articulates with one or more of the tarsal bones at the tarsometatarsal joints, and the head with one of the first row of phalanges at the metatarsophalangeal joints.