Capital Flats & Magnolia Square Apartments in Raleigh, NC

Contact

Capital Flats & Magnolia Square Apartments

500 E Hargett St
Raleigh, NC 27601
(984) 733-1041

Student Housing

1 Bedroom Bedrooms
$1,129-$1,239 Pricing
500–540 Square Feet

Rent Specials

Lease Today & Live the Downtown Raleigh dream life! If you apply within 24 hours of your tour, we’ll waive 1/2 of your Administrative Fee! Don’t wait… your new home and unbeatable savings are calling!

Ask Us About Our Specials

About Capital Flats & Magnolia Square Apartments

Discover the perfect blend of comfort, style, and urban living at Capital Flats & Magnolia Square. Our luxury Raleigh apartments offer a sophisticated lifestyle in vibrant Downtown Raleigh. Enjoy superior amenities, resort-style services, and modern city living with a tranquil touch. Choose from curated one-bedroom apartments featuring hardwood floors, stainless steel appliances, and dishwashers—designed to elevate your everyday life. We're pet-friendly, so your furry friends can join in the fun! Browse our gallery, schedule a visit, and make Capital Flats & Magnolia Square your new luxury home today!

Capital Flats & Magnolia Square Apartments is located in the South Central Neighborhood and 27601 Zip code of Raleigh, NC. This community is professionally managed by New Urban Residential

Unique Features and Amenities

Air Conditioner
Bamboo Countertops
BBQ & Picnic Area
City & Park Views
Clubhouse Lounge & Business Center
Community Balconies for Fun Socializing
Covered Bike Storage
Elevator Access
Large Bedrooms & Closet Space
Laundry Care Center
LVP Flooring
Newly Renovated Modern Floor Plans
Nifty Kitchens with Stainless Steel Appliances
Office Space
On Trend Fixtures, Lighting & Finishes
Outdoor Quad with Firepit and Cornhole
Pet Friendly (weight & breed restrictions apply)
Resident Coffee Bar
Stylish, Fresh Bathrooms
Yoga Studio Next Door

See All Amenities

Property Contact Info

Listed by:
Agency:
Vendor Logo:
Website:: View Property Website
Call Us:: (984) 733-1041
Disclaimer:

Office Hours

Monday	10:00 am–5:00 pm
Tuesday	10:00 am–5:00 pm
Wednesday	10:00 am–5:00 pm
Thursday	10:00 am–5:00 pm
Friday	10:00 am–5:00 pm
Saturday	Closed
Sunday	Closed

Floorplan Pricing and Availability

Capital Flats & Magnolia Square Apartments offers 1 Bedroom apartments starting from $1,129 and having 500–540 sq ft. Here is the current pricing and availability:

Cost CalculatorEstimate your monthly and one-time fees

CF 1x1A

From $1,129

1 Bed, 1 Bath, 500 sq ft

Available Now

Model Gallery

Floorplans

3D Tours

Availability Details

Price	Availability Date	Unit	Sq Ft	View Details
$1,129	Available Now	312CF	500	View Details Below
$1,129	September 28, 2026	209CF	500	View Details Below
$1,129	October 2, 2026	306CF	500	View Details Below

Model Amenities and Features

Features

Air Conditioning
Balcony
Cable Ready
Heating

Kitchen

Dishwasher
Disposal
Freezer
Kitchen
Oven
Range
Refrigerator
Stainless Steel Appliances

Model Rent and Fees

Model Price Range

$1,129 - $1,207

Current Available Pricing

$1,129

Unit 312CF Rent and Fees

Unit Price

$1,129

View Details and Rent Estimate

Model Rent and Fees

Model Price Range

$1,129 - $1,207

Unit 209CF Rent and Fees

Unit Price

$1,129

View Details and Rent Estimate

Model Rent and Fees

Model Price Range

$1,129 - $1,207

Unit 306CF Rent and Fees

Unit Price

$1,129

View Details and Rent Estimate

Model Rent and Fees

Model Price Range

$1,129 - $1,207

CF 1x1A - 3D Tour

MS 1x1

From $1,159

1 Bed, 1 Bath, 540 sq ft

Available Sep 2

Largest 1 BedroomThis is the largest 1 Bedroom at this Property

Model Gallery

Floorplans

Availability Details

Price	Availability Date	Unit	Sq Ft	View Details
$1,159	September 2, 2026	208MS	540	View Details Below
$1,159	September 8, 2026	304MS	540	View Details Below
$1,159	September 16, 2026	108MS	540	View Details Below

Model Amenities and Features

Features

Air Conditioning
Balcony
Cable Ready
Heating

Kitchen

Dishwasher
Disposal
Freezer
Kitchen
Oven
Range
Refrigerator
Stainless Steel Appliances

Model Rent and Fees

Model Price Range

$1,159 - $1,239

Current Available Pricing

$1,159

Unit 208MS Rent and Fees

Unit Price

$1,159

View Details and Rent Estimate

Model Rent and Fees

Model Price Range

$1,159 - $1,239

Unit 304MS Rent and Fees

Unit Price

$1,159

View Details and Rent Estimate

Model Rent and Fees

Model Price Range

$1,159 - $1,239

Unit 108MS Rent and Fees

Unit Price

$1,159

View Details and Rent Estimate

Model Rent and Fees

Model Price Range

$1,159 - $1,239

CF 1x1B

From $1,129

1 Bed, 1 Bath, 500 sq ft

Available Oct 17

Availability Details

Price	Availability Date	Unit	Sq Ft	Property Map
$1,129	October 17, 2026	100CF	500

Model Amenities and Features

Features

Air Conditioning
Balcony
Cable Ready
Heating

Kitchen

Dishwasher
Disposal
Freezer
Kitchen
Oven
Range
Refrigerator
Stainless Steel Appliances

Unit 100CF Rent and Fees

Unit Price

$1,129

View Details and Rent Estimate

Model Rent and Fees

Model Price Range

$1,129 - $1,207

Price shown is base rent. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Request Tour

Call us at: (984) 733-1041 to request a tour.

Videos

Property Video Tour 1

3D Tours

1BD,1BA-500-SF

1BD,1BA-540-SF

Lobby

Clubroom

1BR, 1BA - 500SF

Media room

1BR, 1BA - 500 SF

Property Information

Renovated In Jan 2020
85 Units
3 Stories
Built in 1982

Lease Terms

6 - 15 mo

Ask About Our Lease Terms

Fees and Policies

The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified. Use the Cost Calculator to determine costs based on your needs.

Ask About Our Fees

Required Fees

One-Time Basics

Due at Application: Application Fee Per ApplicantiCharged per applicant.$69.00; Application FeeiApplication Fee Charged Per Applicant.$69.00; Administration FeeiAdministration Fee Charged per unit.$150.00
Due at Move-In: Administrative FeeiCharged per unit.$250.00

Other Fees and Policies

Pet Fees

Cat: Cat FeeiMax of 2. Charged Per Pet.$350.00; Cat RentiCharged Per Pet.$30.00/mo
Dog: Dog FeeiMax of 2. Charged Per Pet.$350.00; Dog RentiCharged Per Pet.$30.00/mo

Find Out About Our Pet Policy

Parking Info and Fees

Parking

1 Max

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Features and Amenities

Unique Amenities

Air Conditioner
Bamboo Countertops
BBQ & Picnic Area
City & Park Views
Clubhouse Lounge & Business Center
Community Balconies for Fun Socializing
Covered Bike Storage
Elevator Access
Large Bedrooms & Closet Space
Laundry Care Center
LVP Flooring
Newly Renovated Modern Floor Plans
Nifty Kitchens with Stainless Steel Appliances
Office Space
On Trend Fixtures, Lighting & Finishes
Outdoor Quad with Firepit and Cornhole
Pet Friendly (weight & breed restrictions apply)
Resident Coffee Bar
Stylish, Fresh Bathrooms
Yoga Studio Next Door

On-Site Services

Planned Social Activities
Property Manager On Site
Pet Play Area
Laundry Facilities

Community Features

Business Center
Clubhouse
Corporate Housing
Lounge
Multi Use Room
Elevator

Outdoor Features

Grill
Picnic Area
Courtyard

Recreation and Fitness

Bicycle Storage

Interior Features

Balcony
Heating
Cable Ready
Air Conditioning

Kitchen Amenities

Dishwasher
Oven
Range
Refrigerator
Disposal
Freezer
Stainless Steel Appliances
Kitchen

Living Area Features

Carpet
Office
Vinyl Flooring
Dining Room
Hardwood Floors

Ask About Our Amenities

Getting Around

60 / 100 Moderately walkable
Most day-to-day needs are within walking distance
70 / 100 Good public transit
Walking distance to rapid transit and frequent bus lines
60 / 100 Moderately bikeable
Suitable for bicycle commuting and/or recreation
70 / 100 Moderately car friendly
Good access to freeways and/or major arteries, with a low chance of parking problems

Scores provided by

details

Getting to Know the Area

80 / 100 Restaurants
Wide variety of restaurants within a few minutes
70 / 100 Cafes
Variety of cafés within a few minutes
90 / 100 Nightlife
Exceptional variety of bars right within a few minutes
70 / 100 Shopping
Several shops within a few minutes
80 / 100 Parks
Very large amount of park space within a few minutes
90 / 100 Noise Level
Virtually no sources of noise nearby

Scores provided by

Frequently Asked Questions about Capital Flats & Magnolia Square Apartments

Where is Capital Flats & Magnolia Square Apartments located?

Capital Flats & Magnolia Square Apartments is located at 500 E Hargett St near the South Central area of Raleigh, NC

What is the current rent range at Capital Flats & Magnolia Square Apartments?

1 Bedrooms at Capital Flats & Magnolia Square Apartments currently start from $1,129. Call today for more info!

When is the leasing office open?

The office Hours for Capital Flats & Magnolia Square Apartments are
Monday 10:00 am–5:00 pm
Tuesday 10:00 am–5:00 pm
Wednesday 10:00 am–5:00 pm
Thursday 10:00 am–5:00 pm
Friday 10:00 am–5:00 pm
Saturday Closed
Sunday Closed

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Are there any rent specials?

The current rent special at Capital Flats & Magnolia Square Apartments is: Lease Today & Live the Downtown Raleigh dream life! If you apply within 24 hours of your tour, we’ll waive 1/2 of your Administrative Fee! Don’t wait… your new home and unbeatable savings are calling!.

Lifestyle Ratings

Affordability Nice Value3.2
The Capital Flats & Magnolia Square Apartments Apartments are 39.7% cheaper than the average apartment in the South Central area, and 27.2% cheaper than the average apartment city-wide.
Rent Comparison to the South Central Neighborhood
Floorplan Lowest Price Here Neighborhood Avg Rent Nbhd Avg Rent Cost Difference %
1 Bedroom $1,129 $1,872 -$743 -39.7%
Rent Comparison to the city of Raleigh
Floorplan Lowest Price Here City Average Rent Cost Difference %
1 Bedroom $1,129 $1,551 -$422 -27.2%
Methodology: On 08/28/2026, ApartmentHomeLiving.com compared current rents by floorplan to 107 other apartment communities in the immediate area around Capital Flats & Magnolia Square Apartments (South Central), and 799 other apartment communities in Raleigh using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.
Rent Pricing Data as of 08/28/2026
Pet Friendly 3.2
Top Pet Friendly apartments have specified that they accept pets and feature a number pet friendly amenities for renters with furry friends.
Rating Factors
This 3.2-star Pet Friendly rating is based on the following features:
- Hardwood Floors
- Pet Play Area
- Elevator(s)
- Balconies
- Courtyard
- Heating
- Air Conditioning
Transit Friendly 3.2
Transit Friendly apartments feature a fantastic location and great access to local mass transit.

Floorplan	Lowest Price Here	Neighborhood Avg Rent	Nbhd Avg Rent	Cost Difference	%
1 Bedroom	$1,129	$1,872	-$743	-39.7%

Floorplan	Lowest Price Here	City Average Rent	Cost Difference	%
1 Bedroom	$1,129	$1,551	-$422	-27.2%

Learn more about Lifestyle Search

Renters Reviews and Ratings

2.3

3 Renters Reviews

Sort by

Office Manager is an Angel!

April 28, 2025 - Review from Apartments.com

I can’t say enough good things about Angel, our apartment manager at Capitol Flats! She is warm, knowledgeable, and extremely professional — truly living up to her name. Angel has been a joy to work with from the start, and her leadership and care for both the property and the residents are clear in everything she does. Honestly, Angel is one of the biggest reasons I continue to call Capitol Flats home for 4+ years. She creates a welcoming environment not just through her own actions, but through ...

the great team she leads. If you’re looking for a reasonably priced apartment in the downtown area, I highly recommend you take a serious look at Capitol Flats. Thanks to Angel, it’s not just a place to live — it’s a place you can really feel at home. Freeman

Awful and huge waste of money

November 12, 2024 - Review from Apartments.com

I lived here for a year and management is terrible. They don't care about their tenants, are never available and problems will stay for longer than they need to. Their 24 hr maintenance is a lie as no one will help you and if they do, they make it clear you are the problem and cuss you out. Overall, I'd recommend paying a little bit more for a nicer and safer place. Also, they don't have dishwashers in the apartments.

Terrible Apartment - Look Elsewhere

June 4, 2021 - Review from Apartments.com

Management is constantly changing, and is the least responsive management company. Never answer phone calls, rarely respond to emails, and never actually go to the office. Building is poorly maintained and my unit had clearly not been cleaned professionally when I moved in. Walls are thin, building is loud and security locks don't work. Do not live here unless it is your absolute last option.

Nearby Schools

Moore Square Museum Magnet Mid

Wake County School District

301 South Person Street

Public School - Grades 6-8 (585 Students)

In Attendance Zone1 minute drive / 0.2 miles away

Needham Broughton High

Wake County School District

723 Saint Marys Street

Public School - Grades 9-12 (2128 Students)

In Attendance Zone4 minute drive / 1.4 miles away

Root Elementary

Wake County School District

3202 Northampton Street

Public School - Grades PK-5 (472 Students)

In Attendance Zone7 minute drive / 3.4 miles away

School data provided by GreatSchools.

Points of Interest

Time and distance from Capital Flats & Magnolia Square Apartments.

Big Box and Retail

Walgreens

3101 New Bern Ave

5 minute drive / 2.42 miles away

Costco

2838 Wake Forest Rd

5 minute drive / 2.68 miles away

Autozone

3524 Capital Blvd

9 minute drive / 4.21 miles away

Groceries

Wegmans

1200 Wake Towne Dr

6 minute drive / 2.9 miles away

Food Lion

3415 Avent Ferry Rd

8 minute drive / 3.88 miles away

Lidl

4115 Buffaloe Rd

10 minute drive / 5.01 miles away

Restaurants and Dining

Hhgregg

1830 Walnut St

13 minute drive / 6.52 miles away

Capital Flats & Magnolia Square Apartments has 5 shopping centers within 0.9 miles.

Rental Price Ranges in the Area

Bedroom	Average Rent	Cheapest Rent	Highest Rent
Raleigh Studio Apartments	$1,517	$915	$2,755
Raleigh 1 Bedroom Apartments	$1,551	$600	$4,478
Raleigh 2 Bedroom Apartments	$1,848	$730	$7,284
Raleigh 3 Bedroom Apartments	$2,124	$599	$10,000+
Raleigh 4 Bedroom Apartments	$1,831	$583	$3,650
Raleigh 5 Bedroom Apartments	$2,894	$949	$8,000

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Viewing: Capital Flats & Magnolia Square Apartments | Desktop Version | Listing Updated: 08/27/2026 | AHLPLA

Capital Flats & Magnolia Square Apartments

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Capital Flats & Magnolia Square Apartments

Rent Specials

About Capital Flats & Magnolia Square Apartments

Unique Features and Amenities

Property Contact Info

Office Hours

Floorplan Pricing and Availability

New! Interactive Property Map

1 Bedroom

CF 1x1A

From $1,129

Model Gallery

Floorplans

3D Tours

Availability Details

Model Amenities and Features

Features

Kitchen

Model Rent and Fees

Model Price Range

Current Available Pricing

Unit 312CF Gallery

Property Map

Unit 312CF Rent and Fees

Unit Price

Model Rent and Fees

Model Price Range

Unit 209CF Gallery

Property Map

Unit 209CF Rent and Fees

Unit Price

Model Rent and Fees

Model Price Range

Unit 306CF Gallery

Property Map

Unit 306CF Rent and Fees

Unit Price

Model Rent and Fees

Model Price Range

MS 1x1

From $1,159

Model Gallery

Floorplans

Availability Details

Model Amenities and Features

Features

Kitchen

Model Rent and Fees

Model Price Range

Current Available Pricing

Unit 208MS Gallery

Property Map

Unit 208MS Rent and Fees

Unit Price

Model Rent and Fees

Model Price Range

Unit 304MS Gallery

Property Map

Unit 304MS Rent and Fees

Unit Price

Model Rent and Fees

Model Price Range

Unit 108MS Gallery

Property Map

Unit 108MS Rent and Fees

Unit Price

Model Rent and Fees

Model Price Range

CF 1x1B

From $1,129

Availability Details

Model Amenities and Features

Features

Kitchen

Unit 100CF Gallery

Property Map

Unit 100CF Rent and Fees