Capital Flats & Magnolia Square Apartments

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

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Capital Flats & Magnolia Square Apartments

500 E Hargett St
Raleigh, NC 27601
(984) 733-1041
Capital Flats & Magnolia Square Apartments in Raleigh, NC - Building Photo
  • 1 Bedroom Bedrooms
  • $989-$999 Pricing
  • 500–540 Square Feet

Rent Specials

SPRING Forward into SAVINGS and Your NEW HOME!! Move In By April 15th and SAVE BIG!!! Take advantage of our limited time special rate of only $949!! Also - Receive $750 Off your 1st Month, PLUS if you apply within 24 hours of your tour, we'll waive your Admin Fee, saving you an additional $150!!! *Contact us today for more details!!

About Capital Flats & Magnolia Square Apartments

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 Movie Lounge & Business Center
  • Community Balconies for Fun Socializing
  • Community Library with Reading Nook
  • 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

Floorplan Pricing and Availability

Capital Flats & Magnolia Square Apartments offers 1 Bedroom apartments starting from $989 and having 500–540 sq ft. Here is the current pricing and availability:

Cost CalculatorEstimate your monthly and one-time fees
    • 1 Bedroom

      CF 1x1A

      From $989

      1 Bed, 1 Bath, 500 sq ft
      Available Now

      Availability Details

      PriceAvailability DateUnitSq FtView Details
      $989Available Now107CF500
      $989Available Now221CF500
      $989Available Now223CF500

      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

      • $989 - $1,239

      Current Available Pricing

      • $989

      Unit 107CF Rent and Fees

      Unit Price

      • $989
      • View Details and Rent Estimate

      Model Rent and Fees

      Model Price Range

      • $989 - $1,239

      Unit 221CF Rent and Fees

      Unit Price

      • $989
      • View Details and Rent Estimate

      Model Rent and Fees

      Model Price Range

      • $989 - $1,239

      Unit 223CF Rent and Fees

      Unit Price

      • $989
      • View Details and Rent Estimate

      Model Rent and Fees

      Model Price Range

      • $989 - $1,239

      MS 1x1

      From $999

      1 Bed, 1 Bath, 540 sq ft
      Available Now

      Availability Details

      PriceAvailability DateUnitSq FtView Details
      $999Available Now103MS540
      $999 July 10, 2026305MS540
      $999 July 11, 2026104MS540

      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

      • $999 - $1,251

      Current Available Pricing

      • $999

      Unit 103MS Rent and Fees

      Unit Price

      • $999
      • View Details and Rent Estimate

      Model Rent and Fees

      Model Price Range

      • $999 - $1,251

      Unit 305MS Rent and Fees

      Unit Price

      • $999
      • View Details and Rent Estimate

      Model Rent and Fees

      Model Price Range

      • $999 - $1,251

      Unit 104MS Rent and Fees

      Unit Price

      • $999
      • View Details and Rent Estimate

      Model Rent and Fees

      Model Price Range

      • $999 - $1,251
    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

    Schedule a Tour
    Call us at: (984) 733-1041 to schedule a tour.

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    Property Information

    • Renovated In Jan 2020
    • 85 Units
    • 3 Stories
    • Built in 1982

    Lease Terms

    • 6 - 15 mo

    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.

    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 FeeiCharged Per Pet.$350.00
    Cat RentiCharged Per Pet.$30.00/mo
    Restrictions:

    No Breed Restrictions

    Comments:

    Fees and restrictions apply.

    Dog
    Dog FeeiCharged Per Pet.$350.00
    Dog RentiCharged Per Pet.$30.00/mo
    Restrictions:

    No Breed Restrictions

    Comments:

    Fees and restrictions apply.

    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

    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
    Google Map

    Map

    500 E Hargett St, Raleigh, NC 27601

    Hours and Contact Info

    Call Us - Open Now!
    Currently Closed
    By Appointment
    Monday10:00 am–5:00 pm
    Tuesday10:00 am–5:00 pm
    Wednesday10:00 am–5:00 pm
    Thursday10:00 am–5:00 pm
    Friday10:00 am–5:00 pm
    SaturdayClosed
    SundayClosed

    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 $989. 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: SPRING Forward into SAVINGS and Your NEW HOME!! Move In By April 15th and SAVE BIG!!! Take advantage of our limited time special rate of only $949!! Also - Receive $750 Off your 1st Month, PLUS if you apply within 24 hours of your tour, we'll waive your Admin Fee, saving you an additional $150!!! *Contact us today for more details!!.

    Lifestyle Ratings

    • Affordability Nice Value3.2

      The Capital Flats & Magnolia Square Apartments Apartments are 48.5% cheaper than the average apartment in the South Central area, and 35.5% cheaper than the average apartment city-wide.

      Rent Comparison to the South Central Neighborhood

      FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
      1 Bedroom$989$1,920-$931-48.5%

      Rent Comparison to the city of Raleigh

      FloorplanLowest Price HereCity Average RentCost Difference%
      1 Bedroom$989$1,533-$544-35.5%

      Methodology: On 04/13/2026, ApartmentHomeLiving.com compared current rents by floorplan to 122 other apartment communities in the immediate area around Capital Flats & Magnolia Square Apartments (South Central), and 734 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 04/13/2026

    • 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.

    Learn more about Lifestyle Search

    Renters Reviews and Ratings

    3.0
    3 Renters Reviews
    ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

    Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.
    • Office Manager is an Angel!

      April 28, 2025
      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
      Read More
      Review from Apartments.com
    • Awful and huge waste of money

      November 12, 2024
      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.
      Review from Apartments.com
    • Terrible Apartment - Look Elsewhere

      June 4, 2021
      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.
      Review from Apartments.com

    Points of Interest

    Time and distance from Capital Flats & Magnolia Square Apartments.

    Arts Museums and Landmarks

    North Carolina Museum of Natural Science

    11 West Jones St.
    1 minute drive / 0.48 miles away

    North Carolina Museum of History

    5 East Edenton St
    1 minute drive / 0.51 miles away

    Legends of Harley Drag Racing Museum

    1126 S. Saunders St.
    4 minute drive / 1.47 miles away

    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

    Colleges and Universities

    Campbell University - Raleigh Campus - Norman Adrian Wiggins School of Law

    225 Hillsborough St
    2 minute drive / 0.72 miles away

    William Peace University

    15 E Peace St
    2 minute drive / 0.77 miles away

    Shaw University

    118 East South Street
    2 minute drive / 0.79 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

    Hospitals

    Wakemed Raleigh Campus

    3000 New Bern Ave
    4 minute drive / 2.33 miles away

    Holly Hill Mental Health Services

    3019 Falstaff Rd
    5 minute drive / 2.59 miles away

    Duke Health Raleigh Hospital

    3400 Wake Forest Rd
    7 minute drive / 3.44 miles away

    Restaurants and Dining

    Hhgregg

    1830 Walnut St
    13 minute drive / 6.52 miles away

    Shopping Centers

    City Market

    303 Blake St
    1 minute drive / 0.4 miles away

    Ral-Lee Shopping Center

    Hwys 401
    1 minute drive / 0.66 miles away

    Person Street Plaza

    Person St
    2 minute drive / 0.77 miles away

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

    Nearby Neighborhoods

    Studio to 5 Bedroom Apartments from $620
    View Rentals
    Studio to 3 Bedroom Apartments from $989
    View Rentals
    Studio to 3 Bedroom Apartments from $875
    View Rentals

    Rental Price Ranges in the Area

    BedroomAverage RentCheapest RentHighest Rent
    Raleigh Studio Apartments $1,498$823$4,127
    Raleigh 1 Bedroom Apartments $1,533$636$6,450
    Raleigh 2 Bedroom Apartments $1,891$845$8,104
    Raleigh 3 Bedroom Apartments $2,087$719$8,195
    Raleigh 4 Bedroom Apartments $1,627$620$10,000+
    Raleigh 5 Bedroom Apartments $2,801$949$5,146

    Browse Top Apartments in Raleigh

    Viewing: Capital Flats & Magnolia Square Apartments | Desktop Version | Listing Updated: 04/12/2026 | AHLDIA