4 Days Ago
Location
505 Oak Run Dr, Raleigh, NC 27606, USA|Southwest Raleigh
Tour 505 Oak Run Dr
Contact
MasterKey Property Management
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Amenities for 505 Oak Run Dr, Southwest Raleigh
Appliances
| Dishwasher |
Grounds
| Assigned Parking | Outdoor Space |
Services
| On-Site Management | Package Service |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 505 Oak Run Dr
Welcome to 505 Oak Run Drive in Oak Run Townhomes. Located near I-440, I-40, offering convenient access to major transportation. ✔ 2 Beds / 2.5 Baths / 1,230 Sq. Ft. ✔ Kitchen includes Refrigerator, New Oven, and New Dishwasher. ✔ Enjoy a freshly painted interior with new Lvp (Luxury Vinyl Plank) flooring. ✔ Assigned parking available. ✔ Brand new energy efficient Hvac ✔ Brand new water heater ✔ Newly replaced backyard deck, perfect for relaxing outdoors. Enjoy the newly replaced backyard deck that extends your living space outside. This home is ready for you to make it your own. Some pets considered with a $300 per pet move in fee and $25 monthly fee per pet. At MasterKey Property Management, we strive to provide an experience that is cost-effective and convenient. That’s why we provide a Resident Benefits Package (rbp) to address common headaches for our residents. Our program handles insurance, pest control, air filter changes, credit building, and more at a rate of $60.95/month, added to each property as a required program. More details provided upon application. All-in Monthly Cost: $1,655.95 (includes Rent $1,595.00 + Resident Benefits Package $60.95); pet fees, if applicable, are extra. By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via SMS, phone, or email.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 505 Oak Run Dr compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 174 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this address
- Package service
- More secure storage for delivery
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
Address details
| Neighborhood | Southwest Raleigh |
|---|---|
| Zip code | 27606 |
| Type | House for rent |
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Rent trends in Southwest Raleigh
2-bedroom apartments at 505 Oak Run Dr cost about 7% more than the average rent price for 2-bedroom apartments in Raleigh.
Median rents as of Jan 17 2026.
Southwest Raleigh
Raleigh
| Month | Median Rent |
|---|---|
| February 2024 | $1,550 |
| March 2024 | $1,560 |
| April 2024 | $1,566 |
| May 2024 | $1,563 |
| June 2024 | $1,598 |
| July 2024 | $1,592 |
| August 2024 | $1,553 |
| September 2024 | $1,532 |
| October 2024 | $1,532 |
| November 2024 | $1,534 |
| December 2024 | $1,517 |
| January 2025 | $1,518 |
| February 2025 | $1,558 |
| March 2025 | $1,547 |
| April 2025 | $1,530 |
| May 2025 | $1,549 |
| June 2025 | $1,564 |
| July 2025 | $1,555 |
| August 2025 | $1,557 |
| September 2025 | $1,548 |
| October 2025 | $1,544 |
| November 2025 | $1,522 |
| December 2025 | $1,549 |
| January 2026 | $1,533 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,396 |
| March 2024 | $1,361 |
| April 2024 | $1,422 |
| May 2024 | $1,456 |
| June 2024 | $1,457 |
| July 2024 | $1,450 |
| August 2024 | $1,440 |
| September 2024 | $1,448 |
| October 2024 | $1,405 |
| November 2024 | $1,399 |
| December 2024 | $1,444 |
| January 2025 | $1,422 |
| February 2025 | $1,459 |
| March 2025 | $1,432 |
| April 2025 | $1,437 |
| May 2025 | $1,485 |
| June 2025 | $1,495 |
| July 2025 | $1,467 |
| August 2025 | $1,408 |
| September 2025 | $1,384 |
| October 2025 | $1,369 |
| November 2025 | $1,383 |
| December 2025 | $1,397 |
| January 2026 | $1,450 |
Affordability calculator
Can I afford to live at 505 Oak Run Dr?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$63,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $63,800 annually to afford this 2-bedrooms monthly rent price of $1,595.
For more information on rent affordability, visit our rent calculator.
Schools near 505 Oak Run Dr
Mount Vernon Middle School
5418 chapel hill rd
raleigh, NC, 27607
K-8Public
C+
Reedy Creek Elementary School
940 reedy creek rd
cary, NC, 27513
K-5Public
B+
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Internet available near 505 Oak Run Dr
Neighborhood
Southwest Raleigh | Raleigh, NC
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Raleigh near 505 Oak Run Dr
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
2/10
There are a few mass transit options within the area.
Points of interest for 505 Oak Run Dr, Raleigh
Groceries
3/10
No grocery stores within walking distance
Shopping
5/10
Variety of shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
7/10
At least one elementary school within a 20-minute walk
High schools
7/10
At least one high school within a 20-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
2/10
Few or no bars within walking distance
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